Polymetals Resources (Australia) Market Value
| POL Stock | 0.68 0.01 1.45% |
| Symbol | Polymetals |
Polymetals Resources '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 Polymetals Resources' 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 Polymetals Resources.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Polymetals Resources on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Polymetals Resources or generate 0.0% return on investment in Polymetals Resources over 60 days. Polymetals Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, and De Grey. Polymetals Resources is entity of Australia More
Polymetals Resources 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 Polymetals Resources' 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 Polymetals Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.08 | |||
| Information Ratio | 0.2241 | |||
| Maximum Drawdown | 35.32 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 17.39 |
Polymetals Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polymetals Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polymetals Resources' standard deviation. In reality, there are many statistical measures that can use Polymetals Resources historical prices to predict the future Polymetals Resources' volatility.| Risk Adjusted Performance | 0.1943 | |||
| Jensen Alpha | 1.78 | |||
| Total Risk Alpha | 0.6316 | |||
| Sortino Ratio | 0.259 | |||
| Treynor Ratio | (2.09) |
Polymetals Resources Backtested Returns
Polymetals Resources is out of control given 3 months investment horizon. Polymetals Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.81% are justified by taking the suggested risk. Use Polymetals Resources Coefficient Of Variation of 413.39, risk adjusted performance of 0.1943, and Semi Deviation of 4.22 to evaluate company specific risk that cannot be diversified away. Polymetals Resources holds a performance score of 20 on a scale of zero to a hundred. The company holds a Beta of -0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Polymetals Resources are expected to decrease at a much lower rate. During the bear market, Polymetals Resources is likely to outperform the market. Use Polymetals Resources jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Polymetals Resources.
Auto-correlation | -0.27 |
Weak reverse predictability
Polymetals Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Polymetals Resources time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Polymetals Resources price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Polymetals Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Polymetals Resources lagged returns against current returns
Autocorrelation, which is Polymetals Resources 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 Polymetals Resources' stock expected returns. We can calculate the autocorrelation of Polymetals Resources returns to help us make a trade decision. For example, suppose you find that Polymetals Resources 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 |
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Polymetals Resources 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 Polymetals Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polymetals Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polymetals Resources stock over time.
Current vs Lagged Prices |
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Polymetals Resources Lagged Returns
When evaluating Polymetals Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polymetals Resources stock have on its future price. Polymetals Resources 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, Polymetals Resources autocorrelation shows the relationship between Polymetals Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Polymetals Resources.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Polymetals Stock Analysis
When running Polymetals Resources' price analysis, check to measure Polymetals Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Polymetals Resources is operating at the current time. Most of Polymetals Resources' value examination focuses on studying past and present price action to predict the probability of Polymetals Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polymetals Resources' price. Additionally, you may evaluate how the addition of Polymetals Resources to your portfolios can decrease your overall portfolio volatility.