E79 Resources Corp Stock Market Value
| ESVNF Stock | USD 0.02 0.00 0.00% |
| Symbol | E79 |
E79 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 E79 Resources' 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 E79 Resources.
| 05/20/2024 |
| 06/19/2024 |
If you would invest 0.00 in E79 Resources on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding E79 Resources Corp or generate 0.0% return on investment in E79 Resources over 30 days. E79 Resources is related to or competes with Anglo American, Sumitomo Metal, Rio Tinto, Ivanhoe Mines, Anglo American, BHP Group, and Vale SA. E79 Resources Corp., a resource exploration company, engages in the acquisition and exploration of mineral properties More
E79 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 E79 Resources' 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 E79 Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.34 | |||
| Information Ratio | 0.0208 | |||
| Maximum Drawdown | 61.43 | |||
| Value At Risk | (7.30) | |||
| Potential Upside | 9.09 |
E79 Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for E79 Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E79 Resources' standard deviation. In reality, there are many statistical measures that can use E79 Resources historical prices to predict the future E79 Resources' volatility.| Risk Adjusted Performance | 0.0232 | |||
| Jensen Alpha | 0.1427 | |||
| Total Risk Alpha | 0.1196 | |||
| Sortino Ratio | 0.0105 | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of E79 Resources' 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.
E79 Resources Corp Backtested Returns
We consider E79 Resources out of control. E79 Resources Corp retains Efficiency (Sharpe Ratio) of 0.0196, which denotes the company had a 0.0196% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for E79 Resources, which you can use to evaluate the volatility of the entity. Please confirm E79 Resources' Market Risk Adjusted Performance of (0.29), downside deviation of 13.34, and Standard Deviation of 6.71 to check if the risk estimate we provide is consistent with the expected return of 0.13%. E79 Resources has a performance score of 1 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning E79 Resources are expected to decrease at a much lower rate. During the bear market, E79 Resources is likely to outperform the market. E79 Resources Corp today owns a risk of 6.77%. Please confirm E79 Resources Corp downside deviation, value at risk, day median price, as well as the relationship between the total risk alpha and expected short fall , to decide if E79 Resources Corp will be following its current price history.
Auto-correlation | -0.43 |
Modest reverse predictability
E79 Resources Corp has modest reverse predictability. Overlapping area represents the amount of predictability between E79 Resources time series from 20th of May 2024 to 4th of June 2024 and 4th of June 2024 to 19th of June 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 E79 Resources Corp price movement. The serial correlation of -0.43 indicates that just about 43.0% of current E79 Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
E79 Resources Corp lagged returns against current returns
Autocorrelation, which is E79 Resources 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 E79 Resources' otc stock expected returns. We can calculate the autocorrelation of E79 Resources returns to help us make a trade decision. For example, suppose you find that E79 Resources 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 |
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E79 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 E79 Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E79 Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E79 Resources otc stock over time.
Current vs Lagged Prices |
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E79 Resources Lagged Returns
When evaluating E79 Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E79 Resources otc stock have on its future price. E79 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, E79 Resources autocorrelation shows the relationship between E79 Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in E79 Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in E79 OTC Stock
E79 Resources financial ratios help investors to determine whether E79 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 E79 with respect to the benefits of owning E79 Resources security.