Silver Elephant Mining Stock Market Value
| ELEF Stock | CAD 0.16 0.01 5.88% |
| Symbol | Silver |
Silver Elephant Mining Price To Book Ratio
Silver Elephant '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 Silver Elephant'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 Silver Elephant.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Silver Elephant on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Silver Elephant Mining or generate 0.0% return on investment in Silver Elephant over 30 days. Silver Elephant is related to or competes with Silver One, Aftermath Silver, AbraSilver Resource, Reyna Silver, and GR Silver. Silver Elephant Mining Corp., a mineral exploration stage company, engages in the acquisition, exploration, and developm... More
Silver Elephant 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 Silver Elephant'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 Silver Elephant Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 57.54 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 5.88 |
Silver Elephant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver Elephant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver Elephant's standard deviation. In reality, there are many statistical measures that can use Silver Elephant historical prices to predict the future Silver Elephant's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (1.66) | |||
| Total Risk Alpha | (1.87) | |||
| Treynor Ratio | (2.29) |
Silver Elephant Mining Backtested Returns
Silver Elephant Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.24, which indicates the firm had a -0.24 % return per unit of risk over the last 3 months. Silver Elephant Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Silver Elephant's Risk Adjusted Performance of (0.17), coefficient of variation of (466.74), and Variance of 57.93 to confirm the risk estimate we provide. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Silver Elephant's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silver Elephant is expected to be smaller as well. At this point, Silver Elephant Mining has a negative expected return of -1.87%. Please make sure to validate Silver Elephant's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Silver Elephant Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Silver Elephant Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between Silver Elephant time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 Silver Elephant Mining price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Silver Elephant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Silver Elephant Mining lagged returns against current returns
Autocorrelation, which is Silver Elephant 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 Silver Elephant's stock expected returns. We can calculate the autocorrelation of Silver Elephant returns to help us make a trade decision. For example, suppose you find that Silver Elephant 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 |
Silver Elephant 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 Silver Elephant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver Elephant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver Elephant stock over time.
Current vs Lagged Prices |
| Timeline |
Silver Elephant Lagged Returns
When evaluating Silver Elephant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver Elephant stock have on its future price. Silver Elephant 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, Silver Elephant autocorrelation shows the relationship between Silver Elephant stock current value and its past values and can show if there is a momentum factor associated with investing in Silver Elephant Mining.
Regressed Prices |
| Timeline |
Pair Trading with Silver Elephant
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 Silver Elephant 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 Silver Elephant will appreciate offsetting losses from the drop in the long position's value.Moving together with Silver Stock
| 0.79 | AG | First Majestic Silver | PairCorr |
| 0.9 | IE | Ivanhoe Energy | PairCorr |
| 0.82 | FDY | Faraday Copper Corp | PairCorr |
Moving against Silver Stock
| 0.89 | FDR | Flinders Resources | PairCorr |
| 0.78 | AMZN | Amazon CDR Earnings Call This Week | PairCorr |
| 0.71 | JPM | JPMorgan Chase | PairCorr |
| 0.69 | WMT | Walmart Inc CDR | PairCorr |
| 0.61 | BN | Brookfield | PairCorr |
The ability to find closely correlated positions to Silver Elephant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Elephant 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 Silver Elephant - 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 Silver Elephant Mining to buy it.
The correlation of Silver Elephant 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 Silver Elephant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Elephant Mining 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 Silver Elephant 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 Silver Stock
Silver Elephant financial ratios help investors to determine whether Silver 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 Silver with respect to the benefits of owning Silver Elephant security.