Exxaro Resources' market value is the price at which a share of Exxaro Resources trades on a public exchange. It measures the collective expectations of Exxaro Resources investors about its performance. Exxaro Resources is trading at 15319.00 as of the 10th of January 2025, a 0.09 percent increase since the beginning of the trading day. The stock's lowest day price was 15192.0. With this module, you can estimate the performance of a buy and hold strategy of Exxaro Resources and determine expected loss or profit from investing in Exxaro Resources over a given investment horizon. Check out Exxaro Resources Correlation, Exxaro Resources Volatility and Exxaro Resources Alpha and Beta module to complement your research on Exxaro Resources.
Please note, there is a significant difference between Exxaro Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Exxaro Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exxaro Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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.
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.
Exxaro Resources secures Sharpe Ratio (or Efficiency) of -0.0634, which denotes the company had a -0.0634% return per unit of risk over the last 3 months. Exxaro Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Exxaro Resources' Variance of 2.7, standard deviation of 1.64, and Mean Deviation of 1.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.43, which means possible diversification benefits within a given portfolio. 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 -0.1%. Please make sure to confirm Exxaro Resources' rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if Exxaro Resources performance from the past will be repeated at some point in the near future.
Auto-correlation
0.48
Average predictability
Exxaro Resources has average predictability. Overlapping area represents the amount of predictability between Exxaro Resources time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Exxaro Resources price movement. The serial correlation of 0.48 indicates that about 48.0% of current Exxaro Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
0.48
Spearman Rank Test
0.5
Residual Average
0.0
Price Variance
63.2 K
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
Also Currently Popular
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.
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.