Eastinco Mining (UK) Market Value
| ATN Stock | 51.00 1.00 2.00% |
| Symbol | Eastinco |
Eastinco 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 Eastinco 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 Eastinco Mining.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Eastinco Mining on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Eastinco Mining Exploration or generate 0.0% return on investment in Eastinco Mining over 180 days. Eastinco Mining is related to or competes with Take Two, Zoom Video, Dentsply Sirona, Spirent Communications, Westlake Chemical, Eastman Chemical, and Vitec Software. Eastinco Mining is entity of United Kingdom More
Eastinco 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 Eastinco 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 Eastinco Mining Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 10.35 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.02 |
Eastinco Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastinco Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastinco Mining's standard deviation. In reality, there are many statistical measures that can use Eastinco Mining historical prices to predict the future Eastinco Mining's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 2.3 |
Eastinco Mining Expl Backtested Returns
Eastinco Mining Expl secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Eastinco Mining Exploration exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eastinco Mining's Mean Deviation of 0.7707, variance of 2.91, and Standard Deviation of 1.71 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eastinco Mining are expected to decrease at a much lower rate. During the bear market, Eastinco Mining is likely to outperform the market. At this point, Eastinco Mining Expl has a negative expected return of -0.29%. Please make sure to confirm Eastinco Mining's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Eastinco Mining Expl performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Eastinco Mining Exploration has very good reverse predictability. Overlapping area represents the amount of predictability between Eastinco Mining time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Eastinco Mining Expl price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Eastinco Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 14.13 |
Eastinco Mining Expl lagged returns against current returns
Autocorrelation, which is Eastinco 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 Eastinco Mining's stock expected returns. We can calculate the autocorrelation of Eastinco Mining returns to help us make a trade decision. For example, suppose you find that Eastinco 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 |
Eastinco 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 Eastinco Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastinco Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastinco Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Eastinco Mining Lagged Returns
When evaluating Eastinco Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastinco Mining stock have on its future price. Eastinco 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, Eastinco Mining autocorrelation shows the relationship between Eastinco Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Eastinco Mining Exploration.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Eastinco Stock
Eastinco Mining financial ratios help investors to determine whether Eastinco 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 Eastinco with respect to the benefits of owning Eastinco Mining security.