Eastfield Resources Stock Market Value
| ETF Stock | CAD 0.03 0.00 0.00% |
| Symbol | Eastfield |
Eastfield Resources Price To Book Ratio
Eastfield 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 Eastfield Resources' 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 Eastfield Resources.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Eastfield Resources on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Eastfield Resources or generate 0.0% return on investment in Eastfield Resources over 30 days. Eastfield Resources is related to or competes with Strikepoint Gold, Eskay Mining, and Stillwater Critical. Eastfield Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties... More
Eastfield 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 Eastfield Resources' 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 Eastfield Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 25.0 |
Eastfield Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastfield Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastfield Resources' standard deviation. In reality, there are many statistical measures that can use Eastfield Resources historical prices to predict the future Eastfield Resources' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.5205 |
Eastfield Resources Backtested Returns
We have found nineteen technical indicators for Eastfield Resources, which you can use to evaluate the volatility of the firm. Please confirm Eastfield Resources' Variance of 9.47, mean deviation of 0.7461, and Standard Deviation of 3.08 to check if the risk estimate we provide is consistent with the expected return of 0.0%. The firm shows a Beta (market volatility) of -0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eastfield Resources are expected to decrease at a much lower rate. During the bear market, Eastfield Resources is likely to outperform the market. Eastfield Resources right now shows a risk of 0.0%. Please confirm Eastfield Resources jensen alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Eastfield Resources will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Eastfield Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Eastfield Resources time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Eastfield Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Eastfield Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eastfield Resources lagged returns against current returns
Autocorrelation, which is Eastfield Resources 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 Eastfield Resources' stock expected returns. We can calculate the autocorrelation of Eastfield Resources returns to help us make a trade decision. For example, suppose you find that Eastfield Resources 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 |
Eastfield 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 Eastfield Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastfield Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastfield Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Eastfield Resources Lagged Returns
When evaluating Eastfield Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastfield Resources stock have on its future price. Eastfield 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, Eastfield Resources autocorrelation shows the relationship between Eastfield Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Eastfield Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eastfield Stock Analysis
When running Eastfield Resources' price analysis, check to measure Eastfield Resources' 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 Eastfield Resources is operating at the current time. Most of Eastfield Resources' value examination focuses on studying past and present price action to predict the probability of Eastfield Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastfield Resources' price. Additionally, you may evaluate how the addition of Eastfield Resources to your portfolios can decrease your overall portfolio volatility.