SIERRA METALS (Germany) Market Value
| DFXN Stock | EUR 0.56 0.03 5.66% |
| Symbol | SIERRA |
SIERRA METALS '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 SIERRA METALS'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 SIERRA METALS.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in SIERRA METALS on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding SIERRA METALS or generate 0.0% return on investment in SIERRA METALS over 30 days. SIERRA METALS is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
SIERRA METALS 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 SIERRA METALS'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 SIERRA METALS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.69 | |||
| Information Ratio | 0.1008 | |||
| Maximum Drawdown | 20.93 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 5.66 |
SIERRA METALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SIERRA METALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIERRA METALS's standard deviation. In reality, there are many statistical measures that can use SIERRA METALS historical prices to predict the future SIERRA METALS's volatility.| Risk Adjusted Performance | 0.0955 | |||
| Jensen Alpha | 0.3473 | |||
| Total Risk Alpha | 0.2496 | |||
| Sortino Ratio | 0.0554 | |||
| Treynor Ratio | (0.74) |
SIERRA METALS Backtested Returns
SIERRA METALS appears to be abnormally volatile, given 3 months investment horizon. SIERRA METALS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SIERRA METALS, which you can use to evaluate the volatility of the company. Please review SIERRA METALS's risk adjusted performance of 0.0955, and Coefficient Of Variation of 900.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SIERRA METALS holds a performance score of 8. The entity has a beta of -0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SIERRA METALS are expected to decrease at a much lower rate. During the bear market, SIERRA METALS is likely to outperform the market. Please check SIERRA METALS's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether SIERRA METALS's existing price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
SIERRA METALS has below average predictability. Overlapping area represents the amount of predictability between SIERRA METALS time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 SIERRA METALS price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current SIERRA METALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SIERRA METALS lagged returns against current returns
Autocorrelation, which is SIERRA METALS 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 SIERRA METALS's stock expected returns. We can calculate the autocorrelation of SIERRA METALS returns to help us make a trade decision. For example, suppose you find that SIERRA METALS 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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SIERRA METALS 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 SIERRA METALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SIERRA METALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SIERRA METALS stock over time.
Current vs Lagged Prices |
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SIERRA METALS Lagged Returns
When evaluating SIERRA METALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SIERRA METALS stock have on its future price. SIERRA METALS 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, SIERRA METALS autocorrelation shows the relationship between SIERRA METALS stock current value and its past values and can show if there is a momentum factor associated with investing in SIERRA METALS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SIERRA Stock Analysis
When running SIERRA METALS's price analysis, check to measure SIERRA METALS'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 SIERRA METALS is operating at the current time. Most of SIERRA METALS's value examination focuses on studying past and present price action to predict the probability of SIERRA METALS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SIERRA METALS's price. Additionally, you may evaluate how the addition of SIERRA METALS to your portfolios can decrease your overall portfolio volatility.