DY6 Metals (Australia) Market Value
| DY6 Stock | 0.04 0.01 17.65% |
| Symbol | DY6 |
DY6 Metals '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 DY6 Metals' 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 DY6 Metals.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in DY6 Metals on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding DY6 Metals or generate 0.0% return on investment in DY6 Metals over 90 days. DY6 Metals is related to or competes with Northern Star, Alcoa, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, and Aneka Tambang. DY6 Metals is entity of Australia. It is traded as Stock on AU exchange. More
DY6 Metals 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 DY6 Metals' 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 DY6 Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 42.11 | |||
| Value At Risk | (8.89) | |||
| Potential Upside | 7.14 |
DY6 Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DY6 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DY6 Metals' standard deviation. In reality, there are many statistical measures that can use DY6 Metals historical prices to predict the future DY6 Metals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0043 | |||
| Total Risk Alpha | 0.5819 | |||
| Treynor Ratio | (0.11) |
DY6 Metals Backtested Returns
DY6 Metals retains Efficiency (Sharpe Ratio) of close to zero, which denotes the company had a close to zero % return per unit of price deviation over the last 3 months. DY6 Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DY6 Metals' Standard Deviation of 5.74, insignificant information ratio, and Market Risk Adjusted Performance of (0.1) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.29, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DY6 Metals will likely underperform. At this point, DY6 Metals has a negative expected return of -0.0342%. Please make sure to confirm DY6 Metals' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if DY6 Metals performance from the past will be repeated in the future.
Auto-correlation | -0.09 |
Very weak reverse predictability
DY6 Metals has very weak reverse predictability. Overlapping area represents the amount of predictability between DY6 Metals time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 DY6 Metals price movement. The serial correlation of -0.09 indicates that less than 9.0% of current DY6 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DY6 Metals lagged returns against current returns
Autocorrelation, which is DY6 Metals 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 DY6 Metals' stock expected returns. We can calculate the autocorrelation of DY6 Metals returns to help us make a trade decision. For example, suppose you find that DY6 Metals 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 |
DY6 Metals 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 DY6 Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DY6 Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DY6 Metals stock over time.
Current vs Lagged Prices |
| Timeline |
DY6 Metals Lagged Returns
When evaluating DY6 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DY6 Metals stock have on its future price. DY6 Metals 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, DY6 Metals autocorrelation shows the relationship between DY6 Metals stock current value and its past values and can show if there is a momentum factor associated with investing in DY6 Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for DY6 Stock Analysis
When running DY6 Metals' price analysis, check to measure DY6 Metals' 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 DY6 Metals is operating at the current time. Most of DY6 Metals' value examination focuses on studying past and present price action to predict the probability of DY6 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DY6 Metals' price. Additionally, you may evaluate how the addition of DY6 Metals to your portfolios can decrease your overall portfolio volatility.