Perseus Mining (Australia) Market Value
| PRU Stock | 3.18 0.04 1.27% |
| Symbol | Perseus |
Perseus Mining '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 Perseus Mining's 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 Perseus Mining.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Perseus Mining on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Perseus Mining or generate 0.0% return on investment in Perseus Mining over 90 days. Perseus Mining is related to or competes with Autosports, Ainsworth Game, Environmental, Bluescope Steel, Seven West, Tombador Iron, and ARN Media. Perseus Mining is entity of Australia. It is traded as Stock on AU exchange. More
Perseus Mining 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 Perseus Mining's 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 Perseus Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.194 | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 3.31 |
Perseus Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perseus Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perseus Mining's standard deviation. In reality, there are many statistical measures that can use Perseus Mining historical prices to predict the future Perseus Mining's volatility.| Risk Adjusted Performance | 0.1292 | |||
| Jensen Alpha | 0.2388 | |||
| Total Risk Alpha | 0.5013 | |||
| Sortino Ratio | 0.1869 | |||
| Treynor Ratio | (1.24) |
Perseus Mining Backtested Returns
Perseus Mining appears to be slightly risky, given 3 months investment horizon. Perseus Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Perseus Mining, which you can use to evaluate the volatility of the company. Please evaluate Perseus Mining's Risk Adjusted Performance of 0.1292, semi deviation of 1.69, and Coefficient Of Variation of 703.3 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Perseus Mining holds a performance score of 12. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Perseus Mining are expected to decrease at a much lower rate. During the bear market, Perseus Mining is likely to outperform the market. Please check Perseus Mining's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Perseus Mining's historical price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Perseus Mining has good predictability. Overlapping area represents the amount of predictability between Perseus Mining time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Perseus Mining price movement. The serial correlation of 0.79 indicates that around 79.0% of current Perseus Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Perseus Mining lagged returns against current returns
Autocorrelation, which is Perseus Mining 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 Perseus Mining's stock expected returns. We can calculate the autocorrelation of Perseus Mining returns to help us make a trade decision. For example, suppose you find that Perseus Mining 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 |
Perseus Mining 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 Perseus Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perseus Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perseus Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Perseus Mining Lagged Returns
When evaluating Perseus Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perseus Mining stock have on its future price. Perseus Mining 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, Perseus Mining autocorrelation shows the relationship between Perseus Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Perseus Mining.
Regressed Prices |
| Timeline |
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Additional Tools for Perseus Stock Analysis
When running Perseus Mining's price analysis, check to measure Perseus Mining's 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 Perseus Mining is operating at the current time. Most of Perseus Mining's value examination focuses on studying past and present price action to predict the probability of Perseus Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Perseus Mining's price. Additionally, you may evaluate how the addition of Perseus Mining to your portfolios can decrease your overall portfolio volatility.