Perseus Mining Stock Market Value
| PRU Stock | CAD 2.87 0.04 1.37% |
| Symbol | Perseus |
Perseus Mining Price To Book Ratio
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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Perseus Mining on December 17, 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 Serabi Gold, Precipitate Gold, and Rackla Metals. Perseus Mining Limited explores, evaluates, develops, and mines for gold properties in West Africa 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 | 1.92 | |||
| Information Ratio | 0.1808 | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.43 |
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 | 0.1199 | |||
| Jensen Alpha | 0.2792 | |||
| Total Risk Alpha | 0.5024 | |||
| Sortino Ratio | 0.1879 | |||
| Treynor Ratio | 1.02 |
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 Coefficient Of Variation of 762.16, risk adjusted performance of 0.1199, and Semi Deviation of 1.75 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 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Perseus Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Perseus Mining is expected to be smaller as well. Please check Perseus Mining's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Perseus Mining's historical price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Perseus Mining has very good predictability. Overlapping area represents the amount of predictability between Perseus Mining time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 0.85 indicates that around 85.0% of current Perseus Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
Pair Trading with Perseus Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Perseus Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Perseus Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Perseus Stock
| 0.74 | ORE | Orezone Gold Corp Earnings Call This Week | PairCorr |
Moving against Perseus Stock
| 0.78 | NXE | NexGen Energy | PairCorr |
| 0.77 | VCM | Vecima Networks | PairCorr |
| 0.68 | IE | Ivanhoe Energy | PairCorr |
| 0.66 | CNQ | Canadian Natural Res | PairCorr |
| 0.49 | BIP-PB | Brookfield Infrastructure | PairCorr |
The ability to find closely correlated positions to Perseus Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perseus Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Perseus Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Perseus Mining to buy it.
The correlation of Perseus Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Perseus Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perseus Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Perseus Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Perseus Stock
Perseus Mining financial ratios help investors to determine whether Perseus 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 Perseus with respect to the benefits of owning Perseus Mining security.