Everest Metals (Australia) Market Value
| EMC Stock | 0.14 0.01 7.69% |
| Symbol | Everest |
Everest 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 Everest 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 Everest Metals.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Everest Metals on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Everest Metals or generate 0.0% return on investment in Everest Metals over 30 days. Everest Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, De Grey, Sandfire Resources, and Perseus Mining. Everest Metals is entity of Australia. It is traded as Stock on AU exchange. More
Everest 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 Everest 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 Everest Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.72 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Everest Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everest Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everest Metals' standard deviation. In reality, there are many statistical measures that can use Everest Metals historical prices to predict the future Everest Metals' volatility.| Risk Adjusted Performance | 0.0475 | |||
| Jensen Alpha | 0.154 | |||
| Total Risk Alpha | 0.1105 | |||
| Sortino Ratio | 0.0198 | |||
| Treynor Ratio | 0.1871 |
Everest Metals Backtested Returns
Currently, Everest Metals is out of control. Everest Metals secures Sharpe Ratio (or Efficiency) of 0.0505, which denotes the company had a 0.0505% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Everest Metals, which you can use to evaluate the volatility of the firm. Please confirm Everest Metals' Mean Deviation of 1.82, downside deviation of 7.72, and Coefficient Of Variation of 2042.14 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Everest Metals has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. Everest Metals returns are very sensitive to returns on the market. As the market goes up or down, Everest Metals is expected to follow. Everest Metals right now shows a risk of 3.69%. Please confirm Everest Metals coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if Everest Metals will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Everest Metals has no correlation between past and present. Overlapping area represents the amount of predictability between Everest Metals time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Everest Metals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Everest Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Everest Metals lagged returns against current returns
Autocorrelation, which is Everest 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 Everest Metals' stock expected returns. We can calculate the autocorrelation of Everest Metals returns to help us make a trade decision. For example, suppose you find that Everest 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 |
Everest 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 Everest Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everest Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everest Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Everest Metals Lagged Returns
When evaluating Everest Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everest Metals stock have on its future price. Everest 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, Everest Metals autocorrelation shows the relationship between Everest Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Everest Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Everest Stock Analysis
When running Everest Metals' price analysis, check to measure Everest 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 Everest Metals is operating at the current time. Most of Everest Metals' value examination focuses on studying past and present price action to predict the probability of Everest Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everest Metals' price. Additionally, you may evaluate how the addition of Everest Metals to your portfolios can decrease your overall portfolio volatility.