E79 Resources Corp Stock Market Value
| ESVNF Stock | USD 0.01 0 19.77% |
| Symbol | E79 |
E79 Resources '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 E79 Resources' otc 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 E79 Resources.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in E79 Resources on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding E79 Resources Corp or generate 0.0% return on investment in E79 Resources over 720 days. E79 Resources is related to or competes with Amarc Resources, Mundoro Capital, Progressive Planet, and Aurelia Metals. E79 Resources Corp., a resource exploration company, engages in the acquisition and exploration of mineral properties More
E79 Resources 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 E79 Resources' otc 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 E79 Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0735 | |||
| Maximum Drawdown | 141.39 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 26.85 |
E79 Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for E79 Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E79 Resources' standard deviation. In reality, there are many statistical measures that can use E79 Resources historical prices to predict the future E79 Resources' volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.9038 | |||
| Total Risk Alpha | (1.52) | |||
| Treynor Ratio | 0.3495 |
E79 Resources Corp Backtested Returns
E79 Resources is out of control given 3 months investment horizon. E79 Resources Corp retains Efficiency (Sharpe Ratio) of 0.0826, which denotes the company had a 0.0826% return per unit of price deviation over the last 3 months. We were able to interpolate twenty-four different technical indicators, which can help you to evaluate if expected returns of 1.48% are justified by taking the suggested risk. Use E79 Resources Corp Market Risk Adjusted Performance of 0.3595, information ratio of 0.0735, and Standard Deviation of 17.63 to evaluate company specific risk that cannot be diversified away. E79 Resources holds a performance score of 6 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of 4.07, 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, E79 Resources will likely underperform. Use E79 Resources Corp standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to analyze future returns on E79 Resources Corp.
Auto-correlation | 0.59 |
Modest predictability
E79 Resources Corp has modest predictability. Overlapping area represents the amount of predictability between E79 Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 E79 Resources Corp price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current E79 Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
E79 Resources Corp lagged returns against current returns
Autocorrelation, which is E79 Resources otc 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 E79 Resources' otc stock expected returns. We can calculate the autocorrelation of E79 Resources returns to help us make a trade decision. For example, suppose you find that E79 Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
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E79 Resources 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 E79 Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E79 Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E79 Resources otc stock over time.
Current vs Lagged Prices |
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E79 Resources Lagged Returns
When evaluating E79 Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E79 Resources otc stock have on its future price. E79 Resources 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, E79 Resources autocorrelation shows the relationship between E79 Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in E79 Resources Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in E79 OTC Stock
E79 Resources financial ratios help investors to determine whether E79 OTC 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 E79 with respect to the benefits of owning E79 Resources security.