De Grey Mining Stock Market Value
| DGMLF Stock | USD 1.29 0.09 7.50% |
| Symbol | DGMLF |
De Grey '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 De Grey's pink sheet 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 De Grey.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in De Grey on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding De Grey Mining or generate 0.0% return on investment in De Grey over 90 days. De Grey is related to or competes with Chalice Mining, Lion One, and Irving Resources. De Grey Mining Limited engages in the exploration of mineral properties in Australia More
De Grey 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 De Grey's pink sheet 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 De Grey Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0963 | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 5.98 |
De Grey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for De Grey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as De Grey's standard deviation. In reality, there are many statistical measures that can use De Grey historical prices to predict the future De Grey's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.1405 | |||
| Total Risk Alpha | 0.4788 | |||
| Sortino Ratio | 0.1098 | |||
| Treynor Ratio | (2.64) |
De Grey Mining Backtested Returns
At this point, De Grey is dangerous. De Grey Mining retains Efficiency (Sharpe Ratio) of 0.0685, which denotes the company had a 0.0685 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for De Grey, which you can use to evaluate the volatility of the firm. Please confirm De Grey's Downside Deviation of 2.33, market risk adjusted performance of (2.63), and Standard Deviation of 2.65 to check if the risk estimate we provide is consistent with the expected return of 0.18%. De Grey has a performance score of 5 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.0554, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning De Grey are expected to decrease at a much lower rate. During the bear market, De Grey is likely to outperform the market. De Grey Mining at this moment owns a risk of 2.68%. Please confirm De Grey Mining value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to decide if De Grey Mining will be following its current price history.
Auto-correlation | -0.67 |
Very good reverse predictability
De Grey Mining has very good reverse predictability. Overlapping area represents the amount of predictability between De Grey time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 De Grey Mining price movement. The serial correlation of -0.67 indicates that around 67.0% of current De Grey price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
De Grey Mining lagged returns against current returns
Autocorrelation, which is De Grey pink sheet'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 De Grey's pink sheet expected returns. We can calculate the autocorrelation of De Grey returns to help us make a trade decision. For example, suppose you find that De Grey has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
De Grey 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 De Grey pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if De Grey pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in De Grey pink sheet over time.
Current vs Lagged Prices |
| Timeline |
De Grey Lagged Returns
When evaluating De Grey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of De Grey pink sheet have on its future price. De Grey 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, De Grey autocorrelation shows the relationship between De Grey pink sheet current value and its past values and can show if there is a momentum factor associated with investing in De Grey Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DGMLF Pink Sheet
De Grey financial ratios help investors to determine whether DGMLF Pink Sheet 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 DGMLF with respect to the benefits of owning De Grey security.