Discovery Silver Corp Stock Market Value

DSV Stock   0.79  0.02  2.47%   
Discovery Silver's market value is the price at which a share of Discovery Silver trades on a public exchange. It measures the collective expectations of Discovery Silver Corp investors about its performance. Discovery Silver is selling at 0.79 as of the 8th of January 2025; that is 2.47% down since the beginning of the trading day. The stock's open price was 0.81.
With this module, you can estimate the performance of a buy and hold strategy of Discovery Silver Corp and determine expected loss or profit from investing in Discovery Silver over a given investment horizon. Check out Discovery Silver Correlation, Discovery Silver Volatility and Discovery Silver Alpha and Beta module to complement your research on Discovery Silver.
Symbol

Please note, there is a significant difference between Discovery Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Discovery Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Discovery Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Discovery Silver '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 Discovery Silver'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 Discovery Silver.
0.00
12/09/2024
No Change 0.00  0.0 
In 31 days
01/08/2025
0.00
If you would invest  0.00  in Discovery Silver on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Discovery Silver Corp or generate 0.0% return on investment in Discovery Silver over 30 days. Discovery Silver is related to or competes with Western Investment, Information Services, Partners Value, and Salesforce. More

Discovery Silver 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 Discovery Silver'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 Discovery Silver Corp upside and downside potential and time the market with a certain degree of confidence.

Discovery Silver Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Discovery Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Discovery Silver's standard deviation. In reality, there are many statistical measures that can use Discovery Silver historical prices to predict the future Discovery Silver's volatility.
Hype
Prediction
LowEstimatedHigh
0.040.815.63
Details
Intrinsic
Valuation
LowRealHigh
0.040.775.59
Details
Naive
Forecast
LowNextHigh
0.020.925.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.690.770.85
Details

Discovery Silver Corp Backtested Returns

Discovery Silver Corp secures Sharpe Ratio (or Efficiency) of -0.0402, which denotes the company had a -0.0402% return per unit of risk over the last 3 months. Discovery Silver Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Discovery Silver's Standard Deviation of 4.82, mean deviation of 3.84, and Variance of 23.21 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Discovery Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Discovery Silver is expected to be smaller as well. At this point, Discovery Silver Corp has a negative expected return of -0.19%. Please make sure to confirm Discovery Silver's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Discovery Silver Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.92  

Near perfect reversele predictability

Discovery Silver Corp has near perfect reversele predictability. Overlapping area represents the amount of predictability between Discovery Silver time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Discovery Silver Corp price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Discovery Silver price fluctuation can be explain by its past prices.
Correlation Coefficient-0.92
Spearman Rank Test-0.83
Residual Average0.0
Price Variance0.0

Discovery Silver Corp lagged returns against current returns

Autocorrelation, which is Discovery Silver 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 Discovery Silver's stock expected returns. We can calculate the autocorrelation of Discovery Silver returns to help us make a trade decision. For example, suppose you find that Discovery Silver 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  

Discovery Silver 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 Discovery Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Discovery Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Discovery Silver stock over time.
   Current vs Lagged Prices   
       Timeline  

Discovery Silver Lagged Returns

When evaluating Discovery Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Discovery Silver stock have on its future price. Discovery Silver 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, Discovery Silver autocorrelation shows the relationship between Discovery Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Discovery Silver Corp.
   Regressed Prices   
       Timeline  

Pair Trading with Discovery Silver

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Discovery Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Discovery Silver will appreciate offsetting losses from the drop in the long position's value.

Moving together with Discovery Stock

  0.89AG First Majestic SilverPairCorr
  0.76IE Ivanhoe EnergyPairCorr
  0.79ORE Orezone Gold CorpPairCorr

Moving against Discovery Stock

  0.73IMP Intermap TechnologiesPairCorr
  0.54FDR Flinders ResourcesPairCorr
  0.5MIN Excelsior Mining CorpPairCorr
  0.45ETG Entree ResourcesPairCorr
The ability to find closely correlated positions to Discovery Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discovery Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Discovery Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Discovery Silver Corp to buy it.
The correlation of Discovery Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Discovery Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discovery Silver Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Discovery Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Discovery Stock

Discovery Silver financial ratios help investors to determine whether Discovery 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 Discovery with respect to the benefits of owning Discovery Silver security.