Danakali Stock Market Value
| SBMSF Stock | USD 0.16 0.00 0.00% |
| Symbol | Danakali |
Danakali '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 Danakali's pink sheet 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 Danakali.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Danakali on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Danakali or generate 0.0% return on investment in Danakali over 30 days. Danakali is related to or competes with Corteva, Nutrien, CF Industries, Yara International, Yara International, Mosaic, and FMC. Danakali Limited, together with its subsidiaries, engages in the exploration of minerals in Eritrea, East Africa More
Danakali 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 Danakali's pink sheet 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 Danakali upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.42 | |||
| Information Ratio | 0.0314 | |||
| Maximum Drawdown | 50.77 | |||
| Value At Risk | (15.00) | |||
| Potential Upside | 17.65 |
Danakali Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danakali's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danakali's standard deviation. In reality, there are many statistical measures that can use Danakali historical prices to predict the future Danakali's volatility.| Risk Adjusted Performance | 0.0436 | |||
| Jensen Alpha | 0.448 | |||
| Total Risk Alpha | (0.99) | |||
| Sortino Ratio | 0.0234 | |||
| Treynor Ratio | (1.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Danakali's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Danakali Backtested Returns
Danakali secures Sharpe Ratio (or Efficiency) of -0.0637, which denotes the company had a -0.0637% return per unit of risk over the last 3 months. Danakali exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danakali's Mean Deviation of 5.7, coefficient of variation of 2224.2, and Downside Deviation of 12.42 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Danakali are expected to decrease at a much lower rate. During the bear market, Danakali is likely to outperform the market. At this point, Danakali has a negative expected return of -0.28%. Please make sure to confirm Danakali's maximum drawdown, as well as the relationship between the semi variance and rate of daily change , to decide if Danakali performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Danakali has poor reverse predictability. Overlapping area represents the amount of predictability between Danakali time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Danakali price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Danakali price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Danakali lagged returns against current returns
Autocorrelation, which is Danakali pink sheet'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 Danakali's pink sheet expected returns. We can calculate the autocorrelation of Danakali returns to help us make a trade decision. For example, suppose you find that Danakali has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Danakali 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 Danakali pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danakali pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danakali pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Danakali Lagged Returns
When evaluating Danakali's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danakali pink sheet have on its future price. Danakali 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, Danakali autocorrelation shows the relationship between Danakali pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Danakali.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Danakali Pink Sheet
Danakali financial ratios help investors to determine whether Danakali Pink Sheet 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 Danakali with respect to the benefits of owning Danakali security.