Exxaro Resources (South Africa) Market Value
| EXX Stock | 15,897 53.00 0.33% |
| Symbol | Exxaro |
Exxaro 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 Exxaro 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 Exxaro Resources.
| 10/30/2023 |
| 12/23/2024 |
If you would invest 0.00 in Exxaro Resources on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Exxaro Resources or generate 0.0% return on investment in Exxaro Resources over 420 days. Exxaro Resources is related to or competes with Thungela Resources, MC Mining, Afine Investments, Capitec Bank, RMB Holdings, and Argent. More
Exxaro 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 Exxaro 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 Exxaro Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0471 | |||
| Maximum Drawdown | 9.29 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 3.42 |
Exxaro Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exxaro Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exxaro Resources' standard deviation. In reality, there are many statistical measures that can use Exxaro Resources historical prices to predict the future Exxaro Resources' volatility.| Risk Adjusted Performance | 0.0573 | |||
| Jensen Alpha | 0.1042 | |||
| Total Risk Alpha | 0.0556 | |||
| Sortino Ratio | 0.0551 | |||
| Treynor Ratio | 5.54 |
Exxaro Resources Backtested Returns
Exxaro Resources secures Sharpe Ratio (or Efficiency) of -0.0032, which denotes the company had a -0.0032% return per unit of risk over the last 3 months. Exxaro Resources exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Exxaro Resources' Mean Deviation of 1.32, coefficient of variation of 1528.37, and Downside Deviation of 1.5 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0189, which means not very significant fluctuations relative to the market. As returns on the market increase, Exxaro Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Exxaro Resources is expected to be smaller as well. At this point, Exxaro Resources has a negative expected return of -0.0052%. Please make sure to confirm Exxaro Resources' kurtosis, market facilitation index, and the relationship between the semi variance and rate of daily change , to decide if Exxaro Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Exxaro Resources has average predictability. Overlapping area represents the amount of predictability between Exxaro Resources time series from 30th of October 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Exxaro Resources price movement. The serial correlation of 0.46 indicates that about 46.0% of current Exxaro Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
Exxaro Resources lagged returns against current returns
Autocorrelation, which is Exxaro 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 Exxaro Resources' stock expected returns. We can calculate the autocorrelation of Exxaro Resources returns to help us make a trade decision. For example, suppose you find that Exxaro 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 |
Exxaro 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 Exxaro Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exxaro Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exxaro Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Exxaro Resources Lagged Returns
When evaluating Exxaro Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exxaro Resources stock have on its future price. Exxaro 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, Exxaro Resources autocorrelation shows the relationship between Exxaro Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Exxaro Resources.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Exxaro Stock
Exxaro Resources financial ratios help investors to determine whether Exxaro 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 Exxaro with respect to the benefits of owning Exxaro Resources security.