YX Precious' market value is the price at which a share of YX Precious trades on a public exchange. It measures the collective expectations of YX Precious Metals investors about its performance. YX Precious is selling for 0.25 as of the 29th of November 2024. This is a 3.85 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.25. With this module, you can estimate the performance of a buy and hold strategy of YX Precious Metals and determine expected loss or profit from investing in YX Precious over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
0250
YX Precious '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 YX Precious' 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 YX Precious.
0.00
06/08/2023
No Change 0.00
0.0
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest 0.00 in YX Precious on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding YX Precious Metals or generate 0.0% return on investment in YX Precious over 540 days.
YX Precious 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 YX Precious' 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 YX Precious Metals upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for YX Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YX Precious' standard deviation. In reality, there are many statistical measures that can use YX Precious historical prices to predict the future YX Precious' volatility.
YX Precious Metals retains Efficiency (Sharpe Ratio) of -0.0675, which attests that the company had a -0.0675% return per unit of price deviation over the last 3 months. YX Precious exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YX Precious' information ratio of (0.16), and Market Risk Adjusted Performance of 0.2552 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning YX Precious are expected to decrease at a much lower rate. During the bear market, YX Precious is likely to outperform the market. At this point, YX Precious Metals has a negative expected return of -0.11%. Please make sure to check out YX Precious' coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if YX Precious Metals performance from the past will be repeated in the future.
Auto-correlation
0.28
Poor predictability
YX Precious Metals has poor predictability. Overlapping area represents the amount of predictability between YX Precious time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 YX Precious Metals price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current YX Precious price fluctuation can be explain by its past prices.
Correlation Coefficient
0.28
Spearman Rank Test
0.0
Residual Average
0.0
Price Variance
0.0
YX Precious Metals lagged returns against current returns
Autocorrelation, which is YX Precious 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 YX Precious' stock expected returns. We can calculate the autocorrelation of YX Precious returns to help us make a trade decision. For example, suppose you find that YX Precious 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
YX Precious 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 YX Precious stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YX Precious stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YX Precious stock over time.
Current vs Lagged Prices
Timeline
YX Precious Lagged Returns
When evaluating YX Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YX Precious stock have on its future price. YX Precious 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, YX Precious autocorrelation shows the relationship between YX Precious stock current value and its past values and can show if there is a momentum factor associated with investing in YX Precious Metals.
Regressed Prices
Timeline
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