Philex Mining (Philippines) Market Value
| PX Stock | 5.16 0.03 0.58% |
| Symbol | Philex |
Philex 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 Philex 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 Philex Mining.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Philex Mining on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Philex Mining Corp or generate 0.0% return on investment in Philex Mining over 30 days. Philex Mining is related to or competes with Robinsons Retail, Apex Mining, Security Bank, Semirara Mining, Globe Telecom, Atlas Consolidated, and COL Financial. More
Philex 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 Philex 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 Philex Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.2609 | |||
| Maximum Drawdown | 22.43 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 6.43 |
Philex Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Philex Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Philex Mining's standard deviation. In reality, there are many statistical measures that can use Philex Mining historical prices to predict the future Philex Mining's volatility.| Risk Adjusted Performance | 0.2027 | |||
| Jensen Alpha | 0.9844 | |||
| Total Risk Alpha | 0.9605 | |||
| Sortino Ratio | 0.4643 | |||
| Treynor Ratio | 3.25 |
Philex Mining Corp Backtested Returns
Philex Mining is moderately volatile given 3 months investment horizon. Philex Mining Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.29, which implies the firm had a 0.29 % return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Philex Mining Semi Deviation of 1.29, coefficient of variation of 377.51, and Risk Adjusted Performance of 0.2027 to evaluate company specific risk that cannot be diversified away. Philex Mining holds a performance score of 22 on a scale of zero to a hundred. The company holds a Beta of 0.3, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Philex Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Philex Mining is expected to be smaller as well. Use Philex Mining downside variance, and the relationship between the sortino ratio and accumulation distribution , to analyze future returns on Philex Mining.
Auto-correlation | -0.37 |
Poor reverse predictability
Philex Mining Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Philex Mining time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Philex Mining Corp price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Philex Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Philex Mining Corp lagged returns against current returns
Autocorrelation, which is Philex 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 Philex Mining's stock expected returns. We can calculate the autocorrelation of Philex Mining returns to help us make a trade decision. For example, suppose you find that Philex 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 |
Philex 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 Philex Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Philex Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Philex Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Philex Mining Lagged Returns
When evaluating Philex Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Philex Mining stock have on its future price. Philex 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, Philex Mining autocorrelation shows the relationship between Philex Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Philex Mining Corp.
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 Philex Stock
Philex Mining financial ratios help investors to determine whether Philex 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 Philex with respect to the benefits of owning Philex Mining security.