Silver Elephant Mining Stock Market Value
| SILEF Stock | USD 0.35 0.01 2.94% |
| Symbol | Silver |
Silver Elephant '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 Silver Elephant's otc 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 Silver Elephant.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Silver Elephant on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Silver Elephant Mining or generate 0.0% return on investment in Silver Elephant over 30 days. Silver Elephant is related to or competes with South Star, and Mundoro Capital. Silver Elephant Mining Corp., a mineral exploration stage company, engages in the acquisition, exploration, and developm... More
Silver Elephant 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 Silver Elephant's otc 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 Silver Elephant Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.63 | |||
| Information Ratio | 0.0381 | |||
| Maximum Drawdown | 80.21 | |||
| Value At Risk | (12.20) | |||
| Potential Upside | 10.42 |
Silver Elephant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver Elephant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver Elephant's standard deviation. In reality, there are many statistical measures that can use Silver Elephant historical prices to predict the future Silver Elephant's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.61 | |||
| Total Risk Alpha | (1.02) | |||
| Sortino Ratio | 0.0422 | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Silver Elephant'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.
Silver Elephant Mining Backtested Returns
Silver Elephant appears to be out of control, given 3 months investment horizon. Silver Elephant Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0571, which indicates the firm had a 0.0571% return per unit of risk over the last 3 months. By inspecting Silver Elephant's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Silver Elephant's Coefficient Of Variation of 1930.16, risk adjusted performance of 0.0489, and Semi Deviation of 6.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Silver Elephant holds a performance score of 4. The entity has a beta of -1.03, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Silver Elephant are expected to decrease slowly. On the other hand, during market turmoil, Silver Elephant is expected to outperform it slightly. Please check Silver Elephant's semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Silver Elephant's existing price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Silver Elephant Mining has modest reverse predictability. Overlapping area represents the amount of predictability between Silver Elephant time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Silver Elephant Mining price movement. The serial correlation of -0.48 indicates that about 48.0% of current Silver Elephant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Silver Elephant Mining lagged returns against current returns
Autocorrelation, which is Silver Elephant otc 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 Silver Elephant's otc stock expected returns. We can calculate the autocorrelation of Silver Elephant returns to help us make a trade decision. For example, suppose you find that Silver Elephant has exhibited high autocorrelation historically, and you observe that the otc 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 |
Silver Elephant 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 Silver Elephant otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver Elephant otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver Elephant otc stock over time.
Current vs Lagged Prices |
| Timeline |
Silver Elephant Lagged Returns
When evaluating Silver Elephant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver Elephant otc stock have on its future price. Silver Elephant 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, Silver Elephant autocorrelation shows the relationship between Silver Elephant otc stock current value and its past values and can show if there is a momentum factor associated with investing in Silver Elephant Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Silver OTC Stock
Silver Elephant financial ratios help investors to determine whether Silver OTC 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 Silver with respect to the benefits of owning Silver Elephant security.