Endeavour Mining Corp Stock Market Value
| EDV Stock | CAD 27.87 0.06 0.21% |
| Symbol | Endeavour |
Endeavour Mining Corp Price To Book Ratio
Endeavour 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 Endeavour 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 Endeavour Mining.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Endeavour Mining on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Endeavour Mining Corp or generate 0.0% return on investment in Endeavour Mining over 30 days. Endeavour Mining is related to or competes with SSR Mining, Centerra Gold, Alamos Gold, Osisko Gold, and MAG Silver. Endeavour Mining Plc operates as a gold producer in West Africa More
Endeavour 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 Endeavour 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 Endeavour Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 3.85 |
Endeavour Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endeavour Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endeavour Mining's standard deviation. In reality, there are many statistical measures that can use Endeavour Mining historical prices to predict the future Endeavour Mining's volatility.| Risk Adjusted Performance | 0.0168 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0386 |
Endeavour Mining Corp Backtested Returns
As of now, Endeavour Stock is not too volatile. Endeavour Mining Corp secures Sharpe Ratio (or Efficiency) of 0.029, which denotes the company had a 0.029% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Endeavour Mining Corp, which you can use to evaluate the volatility of the firm. Please confirm Endeavour Mining's Semi Deviation of 2.17, downside deviation of 2.21, and Mean Deviation of 1.85 to check if the risk estimate we provide is consistent with the expected return of 0.0757%. Endeavour Mining has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, Endeavour Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Endeavour Mining is expected to be smaller as well. Endeavour Mining Corp right now shows a risk of 2.61%. Please confirm Endeavour Mining Corp potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Endeavour Mining Corp will be following its price patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Endeavour Mining Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Endeavour Mining time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Endeavour Mining Corp price movement. The serial correlation of -0.2 indicates that over 20.0% of current Endeavour Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Endeavour Mining Corp lagged returns against current returns
Autocorrelation, which is Endeavour 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 Endeavour Mining's stock expected returns. We can calculate the autocorrelation of Endeavour Mining returns to help us make a trade decision. For example, suppose you find that Endeavour 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 |
Endeavour 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 Endeavour Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endeavour Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endeavour Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Endeavour Mining Lagged Returns
When evaluating Endeavour Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endeavour Mining stock have on its future price. Endeavour 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, Endeavour Mining autocorrelation shows the relationship between Endeavour Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Endeavour Mining Corp.
Regressed Prices |
| Timeline |
Pair Trading with Endeavour Mining
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 Endeavour Mining 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 Endeavour Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Endeavour Stock
Moving against Endeavour Stock
The ability to find closely correlated positions to Endeavour Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Mining 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 Endeavour Mining - 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 Endeavour Mining Corp to buy it.
The correlation of Endeavour Mining 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 Endeavour Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Mining 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 Endeavour Mining 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.Other Information on Investing in Endeavour Stock
Endeavour Mining financial ratios help investors to determine whether Endeavour 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 Endeavour with respect to the benefits of owning Endeavour Mining security.