Perseus Mining (Australia) Market Value
| PRU Stock | 2.58 0.05 1.90% |
| Symbol | Perseus |
Perseus 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 Perseus 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 Perseus Mining.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Perseus Mining on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Perseus Mining or generate 0.0% return on investment in Perseus Mining over 30 days. Perseus Mining is related to or competes with Navigator Global, Ramsay Health, Alternative Investment, MFF Capital, and Argo Investments. Perseus Mining is entity of Australia. It is traded as Stock on AU exchange. More
Perseus 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 Perseus 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 Perseus Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.15 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 3.14 |
Perseus Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perseus Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perseus Mining's standard deviation. In reality, there are many statistical measures that can use Perseus Mining historical prices to predict the future Perseus Mining's volatility.| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | 0.0789 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.74) |
Perseus Mining Backtested Returns
Perseus Mining maintains Sharpe Ratio (i.e., Efficiency) of -0.008, which implies the firm had a -0.008% return per unit of risk over the last 3 months. Perseus Mining exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Perseus Mining's Coefficient Of Variation of 3192.48, risk adjusted performance of 0.0309, and Semi Deviation of 2.2 to confirm the risk estimate we provide. The company holds a Beta of -0.0915, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Perseus Mining are expected to decrease at a much lower rate. During the bear market, Perseus Mining is likely to outperform the market. At this point, Perseus Mining has a negative expected return of -0.019%. Please make sure to check Perseus Mining's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Perseus Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Perseus Mining has good reverse predictability. Overlapping area represents the amount of predictability between Perseus Mining time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Perseus Mining price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Perseus Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Perseus Mining lagged returns against current returns
Autocorrelation, which is Perseus 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 Perseus Mining's stock expected returns. We can calculate the autocorrelation of Perseus Mining returns to help us make a trade decision. For example, suppose you find that Perseus 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 |
Perseus 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 Perseus Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perseus Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perseus Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Perseus Mining Lagged Returns
When evaluating Perseus Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perseus Mining stock have on its future price. Perseus 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, Perseus Mining autocorrelation shows the relationship between Perseus Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Perseus Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Perseus Stock Analysis
When running Perseus Mining's price analysis, check to measure Perseus Mining's 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 Perseus Mining is operating at the current time. Most of Perseus Mining's value examination focuses on studying past and present price action to predict the probability of Perseus Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Perseus Mining's price. Additionally, you may evaluate how the addition of Perseus Mining to your portfolios can decrease your overall portfolio volatility.