Agnico Eagle (Germany) Market Value
| AE9 Stock | EUR 75.64 0.66 0.88% |
| Symbol | Agnico |
Agnico Eagle '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 Agnico Eagle'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 Agnico Eagle.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Agnico Eagle on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Agnico Eagle Mines or generate 0.0% return on investment in Agnico Eagle over 720 days. Agnico Eagle is related to or competes with ZIJIN MINH, Newmont, Barrick Gold, Franco Nevada, and . Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexi... More
Agnico Eagle 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 Agnico Eagle'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 Agnico Eagle Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.0112 | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.44 |
Agnico Eagle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Agnico Eagle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Agnico Eagle's standard deviation. In reality, there are many statistical measures that can use Agnico Eagle historical prices to predict the future Agnico Eagle's volatility.| Risk Adjusted Performance | 0.0277 | |||
| Jensen Alpha | 0.0409 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0101 | |||
| Treynor Ratio | 0.2898 |
Agnico Eagle Mines Backtested Returns
At this point, Agnico Eagle is very steady. Agnico Eagle Mines secures Sharpe Ratio (or Efficiency) of 0.0179, which signifies that the company had a 0.0179% return per unit of risk over the last 3 months. We have found thirty technical indicators for Agnico Eagle Mines, which you can use to evaluate the volatility of the firm. Please confirm Agnico Eagle's Mean Deviation of 1.55, risk adjusted performance of 0.0277, and Downside Deviation of 2.18 to double-check if the risk estimate we provide is consistent with the expected return of 0.0355%. Agnico Eagle has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Agnico Eagle's returns are expected to increase less than the market. However, during the bear market, the loss of holding Agnico Eagle is expected to be smaller as well. Agnico Eagle Mines right now shows a risk of 1.98%. Please confirm Agnico Eagle Mines coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Agnico Eagle Mines will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Agnico Eagle Mines has insignificant reverse predictability. Overlapping area represents the amount of predictability between Agnico Eagle time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Agnico Eagle Mines price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Agnico Eagle price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 145.02 |
Agnico Eagle Mines lagged returns against current returns
Autocorrelation, which is Agnico Eagle 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 Agnico Eagle's stock expected returns. We can calculate the autocorrelation of Agnico Eagle returns to help us make a trade decision. For example, suppose you find that Agnico Eagle 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 |
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Agnico Eagle 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 Agnico Eagle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Agnico Eagle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Agnico Eagle stock over time.
Current vs Lagged Prices |
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Agnico Eagle Lagged Returns
When evaluating Agnico Eagle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Agnico Eagle stock have on its future price. Agnico Eagle 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, Agnico Eagle autocorrelation shows the relationship between Agnico Eagle stock current value and its past values and can show if there is a momentum factor associated with investing in Agnico Eagle Mines.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Agnico Stock
When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:Check out Agnico Eagle Correlation, Agnico Eagle Volatility and Agnico Eagle Alpha and Beta module to complement your research on Agnico Eagle. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Agnico Eagle technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.