Endeavour Silver Corp Stock Market Value

EXK Stock  USD 2.29  0.16  7.51%   
Endeavour Silver's market value is the price at which a share of Endeavour Silver trades on a public exchange. It measures the collective expectations of Endeavour Silver Corp investors about its performance. Endeavour Silver is selling for 2.29 as of the 28th of March 2024. This is a 7.51 percent up since the beginning of the trading day. The stock's last reported lowest price was 2.13.
With this module, you can estimate the performance of a buy and hold strategy of Endeavour Silver Corp and determine expected loss or profit from investing in Endeavour Silver over a given investment horizon. Check out Endeavour Silver Correlation, Endeavour Silver Volatility and Endeavour Silver Alpha and Beta module to complement your research on Endeavour Silver.
Symbol

Endeavour Silver Corp Price To Book Ratio

Is Endeavour Silver's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Endeavour Silver. If investors know Endeavour will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Endeavour Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.73)
Earnings Share
0.03
Revenue Per Share
1.048
Quarterly Revenue Growth
(0.38)
Return On Assets
0.0116
The market value of Endeavour Silver Corp is measured differently than its book value, which is the value of Endeavour that is recorded on the company's balance sheet. Investors also form their own opinion of Endeavour Silver's value that differs from its market value or its book value, called intrinsic value, which is Endeavour Silver's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Endeavour Silver's market value can be influenced by many factors that don't directly affect Endeavour Silver's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Endeavour Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Endeavour Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Endeavour Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Endeavour Silver '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 Endeavour Silver'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 Endeavour Silver.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Endeavour Silver on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Endeavour Silver Corp or generate 0.0% return on investment in Endeavour Silver over 30 days. Endeavour Silver is related to or competes with Vox Royalty, Avino Silver, Platinum Group, Gatos Silver, and Perpetua Resources. Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, proce... More

Endeavour Silver 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 Endeavour Silver'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 Endeavour Silver Corp upside and downside potential and time the market with a certain degree of confidence.

Endeavour Silver Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Endeavour Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endeavour Silver's standard deviation. In reality, there are many statistical measures that can use Endeavour Silver historical prices to predict the future Endeavour Silver's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Endeavour Silver'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.
Hype
Prediction
LowEstimatedHigh
0.112.276.86
Details
Intrinsic
Valuation
LowRealHigh
0.163.147.73
Details
Naive
Forecast
LowNextHigh
0.042.096.68
Details
5 Analysts
Consensus
LowTargetHigh
5.696.256.94
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Endeavour Silver. Your research has to be compared to or analyzed against Endeavour Silver's peers to derive any actionable benefits. When done correctly, Endeavour Silver's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Endeavour Silver Corp.

Endeavour Silver Corp Backtested Returns

Endeavour Silver appears to be risky, given 3 months investment horizon. Endeavour Silver Corp secures Sharpe Ratio (or Efficiency) of 0.0757, which denotes the company had a 0.0757% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Endeavour Silver Corp, which you can use to evaluate the volatility of the firm. Please utilize Endeavour Silver's Downside Deviation of 3.51, mean deviation of 3.22, and Semi Deviation of 3.22 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Endeavour Silver holds a performance score of 5. The firm shows a Beta (market volatility) of 3.28, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Endeavour Silver will likely underperform. Please check Endeavour Silver's standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Endeavour Silver's price patterns will revert.

Auto-correlation

    
  0.15  

Insignificant predictability

Endeavour Silver Corp has insignificant predictability. Overlapping area represents the amount of predictability between Endeavour Silver time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Endeavour Silver Corp price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Endeavour Silver price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test0.14
Residual Average0.0
Price Variance0.0

Endeavour Silver Corp lagged returns against current returns

Autocorrelation, which is Endeavour Silver 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 Endeavour Silver's stock expected returns. We can calculate the autocorrelation of Endeavour Silver returns to help us make a trade decision. For example, suppose you find that Endeavour Silver 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  

Endeavour Silver 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 Endeavour Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endeavour Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endeavour Silver stock over time.
   Current vs Lagged Prices   
       Timeline  

Endeavour Silver Lagged Returns

When evaluating Endeavour Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endeavour Silver stock have on its future price. Endeavour Silver 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, Endeavour Silver autocorrelation shows the relationship between Endeavour Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Endeavour Silver Corp.
   Regressed Prices   
       Timeline  

Pair Trading with Endeavour Silver

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Endeavour Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Endeavour Silver will appreciate offsetting losses from the drop in the long position's value.

Moving together with Endeavour Stock

  0.8HL Hecla Mining Financial Report 8th of May 2024 PairCorr
  0.89ASM Avino Silver Gold Financial Report 8th of May 2024 PairCorr

Moving against Endeavour Stock

  0.53AUMN Golden Minerals Financial Report 8th of May 2024 PairCorr
  0.52X United States Steel Financial Report 25th of April 2024 PairCorr
The ability to find closely correlated positions to Endeavour Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Endeavour Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Endeavour Silver Corp to buy it.
The correlation of Endeavour Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Endeavour Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Silver Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Endeavour Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Endeavour Silver Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Endeavour Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Endeavour Silver Corp Stock. Highlighted below are key reports to facilitate an investment decision about Endeavour Silver Corp Stock:
Check out Endeavour Silver Correlation, Endeavour Silver Volatility and Endeavour Silver Alpha and Beta module to complement your research on Endeavour Silver.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Endeavour Silver's price analysis, check to measure Endeavour Silver'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 Endeavour Silver is operating at the current time. Most of Endeavour Silver's value examination focuses on studying past and present price action to predict the probability of Endeavour Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endeavour Silver's price. Additionally, you may evaluate how the addition of Endeavour Silver to your portfolios can decrease your overall portfolio volatility.
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Endeavour Silver technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Endeavour Silver technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Endeavour Silver trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...