Desert Mountain Energy Stock Market Value
| DME Stock | CAD 0.23 0.01 4.55% |
| Symbol | Desert |
Desert Mountain Energy Price To Book Ratio
Desert Mountain '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 Desert Mountain'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 Desert Mountain.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Desert Mountain on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Desert Mountain Energy or generate 0.0% return on investment in Desert Mountain over 90 days. Desert Mountain is related to or competes with Gen III, Royal Helium, Tsodilo Resources, and Kutcho Copper. Desert Mountain Energy Corp., an exploratory resource company, engages in the exploration and development of helium, oil... More
Desert Mountain 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 Desert Mountain'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 Desert Mountain Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 25.54 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 9.52 |
Desert Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desert Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desert Mountain's standard deviation. In reality, there are many statistical measures that can use Desert Mountain historical prices to predict the future Desert Mountain's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | 0.7097 | |||
| Treynor Ratio | 0.6945 |
Desert Mountain Energy Backtested Returns
Desert Mountain Energy secures Sharpe Ratio (or Efficiency) of -0.0339, which denotes the company had a -0.0339 % return per unit of risk over the last 3 months. Desert Mountain Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Desert Mountain's Variance of 28.0, standard deviation of 5.29, and Mean Deviation of 3.98 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Desert Mountain are expected to decrease at a much lower rate. During the bear market, Desert Mountain is likely to outperform the market. At this point, Desert Mountain Energy has a negative expected return of -0.18%. Please make sure to confirm Desert Mountain's jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Desert Mountain Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Desert Mountain Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between Desert Mountain time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Desert Mountain Energy price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Desert Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Desert Mountain Energy lagged returns against current returns
Autocorrelation, which is Desert Mountain 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 Desert Mountain's stock expected returns. We can calculate the autocorrelation of Desert Mountain returns to help us make a trade decision. For example, suppose you find that Desert Mountain 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 |
Desert Mountain 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 Desert Mountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desert Mountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desert Mountain stock over time.
Current vs Lagged Prices |
| Timeline |
Desert Mountain Lagged Returns
When evaluating Desert Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desert Mountain stock have on its future price. Desert Mountain 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, Desert Mountain autocorrelation shows the relationship between Desert Mountain stock current value and its past values and can show if there is a momentum factor associated with investing in Desert Mountain Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Desert Stock Analysis
When running Desert Mountain's price analysis, check to measure Desert Mountain'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 Desert Mountain is operating at the current time. Most of Desert Mountain's value examination focuses on studying past and present price action to predict the probability of Desert Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Desert Mountain's price. Additionally, you may evaluate how the addition of Desert Mountain to your portfolios can decrease your overall portfolio volatility.