Excelsior Mining Corp Stock Market Value
| MIN Stock | CAD 0.17 0.01 5.56% |
| Symbol | Excelsior |
Excelsior Mining Corp Price To Book Ratio
Excelsior Mining 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Excelsior Mining's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Excelsior Mining.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Excelsior Mining on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Excelsior Mining Corp or generate 0.0% return on investment in Excelsior Mining over 30 days. Excelsior Mining is related to or competes with Fremont Gold, and Royal Road. Excelsior Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and develop... More
Excelsior Mining Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Excelsior Mining's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Excelsior Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.12 | |||
| Information Ratio | 0.0223 | |||
| Maximum Drawdown | 52.86 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 13.33 |
Excelsior Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Excelsior Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Excelsior Mining's standard deviation. In reality, there are many statistical measures that can use Excelsior Mining historical prices to predict the future Excelsior Mining's volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | 0.3927 | |||
| Total Risk Alpha | (0.96) | |||
| Sortino Ratio | 0.023 | |||
| Treynor Ratio | (0.38) |
Excelsior Mining Corp Backtested Returns
Excelsior Mining appears to be out of control, given 3 months investment horizon. Excelsior Mining Corp secures Sharpe Ratio (or Efficiency) of 0.0613, which denotes the company had a 0.0613% return per unit of standard deviation over the last 3 months. By reviewing Excelsior Mining's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Excelsior Mining's Semi Deviation of 4.93, downside deviation of 8.12, and Mean Deviation of 4.95 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Excelsior Mining holds a performance score of 4. The firm shows a Beta (market volatility) of -0.79, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Excelsior Mining are expected to decrease at a much lower rate. During the bear market, Excelsior Mining is likely to outperform the market. Please check Excelsior Mining's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Excelsior Mining's price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Excelsior Mining Corp has weak predictability. Overlapping area represents the amount of predictability between Excelsior Mining time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Excelsior Mining Corp price movement. The serial correlation of 0.22 indicates that over 22.0% of current Excelsior Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Excelsior Mining Corp lagged returns against current returns
Autocorrelation, which is Excelsior Mining stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Excelsior Mining's stock expected returns. We can calculate the autocorrelation of Excelsior Mining returns to help us make a trade decision. For example, suppose you find that Excelsior Mining has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Excelsior Mining regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Excelsior Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Excelsior Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Excelsior Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Excelsior Mining Lagged Returns
When evaluating Excelsior Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Excelsior Mining stock have on its future price. Excelsior Mining autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Excelsior Mining autocorrelation shows the relationship between Excelsior Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Excelsior Mining Corp.
Regressed Prices |
| Timeline |
Pair Trading with Excelsior Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Excelsior Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Excelsior Mining will appreciate offsetting losses from the drop in the long position's value.Moving against Excelsior Stock
The ability to find closely correlated positions to Excelsior Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excelsior Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Excelsior Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Excelsior Mining Corp to buy it.
The correlation of Excelsior Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Excelsior Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excelsior Mining Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Excelsior Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Excelsior Stock
Excelsior Mining financial ratios help investors to determine whether Excelsior Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Excelsior with respect to the benefits of owning Excelsior Mining security.