Endeavour Mining (Germany) Market Value
| 6E2 Stock | 18.13 0.05 0.28% |
| Symbol | Endeavour |
Endeavour Mining '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 Mining'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 Mining.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Endeavour Mining on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Endeavour Mining PLC or generate 0.0% return on investment in Endeavour Mining over 60 days.
Endeavour Mining 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 Mining'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 Mining PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 3.82 |
Endeavour Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endeavour Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endeavour Mining's standard deviation. In reality, there are many statistical measures that can use Endeavour Mining historical prices to predict the future Endeavour Mining's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (1.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Endeavour Mining'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.
Endeavour Mining PLC Backtested Returns
Endeavour Mining PLC secures Sharpe Ratio (or Efficiency) of -0.0613, which denotes the company had a -0.0613% return per unit of standard deviation over the last 3 months. Endeavour Mining PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Endeavour Mining's Coefficient Of Variation of (1,632), mean deviation of 1.66, and Standard Deviation of 2.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Endeavour Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Endeavour Mining is expected to be smaller as well. At this point, Endeavour Mining PLC has a negative expected return of -0.14%. Please make sure to confirm Endeavour Mining's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Endeavour Mining PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Endeavour Mining PLC has average predictability. Overlapping area represents the amount of predictability between Endeavour Mining time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. 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 Mining PLC price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Endeavour Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Endeavour Mining PLC lagged returns against current returns
Autocorrelation, which is Endeavour Mining 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 Mining's stock expected returns. We can calculate the autocorrelation of Endeavour Mining returns to help us make a trade decision. For example, suppose you find that Endeavour Mining 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 Mining 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 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endeavour Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endeavour Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Endeavour Mining Lagged Returns
When evaluating Endeavour Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endeavour Mining stock have on its future price. Endeavour Mining 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 Mining autocorrelation shows the relationship between Endeavour Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Endeavour Mining PLC.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Endeavour Stock Analysis
When running Endeavour Mining's price analysis, check to measure Endeavour Mining'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 Mining is operating at the current time. Most of Endeavour Mining's value examination focuses on studying past and present price action to predict the probability of Endeavour Mining'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 Mining's price. Additionally, you may evaluate how the addition of Endeavour Mining to your portfolios can decrease your overall portfolio volatility.