Duketon Mining (Australia) Market Value
| DKM Stock | 0.11 0.00 0.00% |
| Symbol | Duketon |
Duketon 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 Duketon 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 Duketon Mining.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Duketon Mining on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Duketon Mining or generate 0.0% return on investment in Duketon Mining over 30 days. Duketon Mining is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Duketon Mining is entity of Australia. It is traded as Stock on AU exchange. More
Duketon 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 Duketon 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 Duketon Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.96 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 29.09 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Duketon Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Duketon Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Duketon Mining's standard deviation. In reality, there are many statistical measures that can use Duketon Mining historical prices to predict the future Duketon Mining's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.2027 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.002 | |||
| Treynor Ratio | (0.10) |
Duketon Mining Backtested Returns
Duketon Mining appears to be out of control, given 3 months investment horizon. Duketon Mining secures Sharpe Ratio (or Efficiency) of 0.053, which denotes the company had a 0.053% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Duketon Mining, which you can use to evaluate the volatility of the firm. Please utilize Duketon Mining's Mean Deviation of 2.24, downside deviation of 8.96, and Coefficient Of Variation of 4233.33 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Duketon Mining holds a performance score of 4. The firm shows a Beta (market volatility) of -1.05, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Duketon Mining are expected to decrease slowly. On the other hand, during market turmoil, Duketon Mining is expected to outperform it slightly. Please check Duketon Mining's variance, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Duketon Mining's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Duketon Mining has no correlation between past and present. Overlapping area represents the amount of predictability between Duketon Mining time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Duketon Mining price movement. The serial correlation of 0.0 indicates that just 0.0% of current Duketon Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Duketon Mining lagged returns against current returns
Autocorrelation, which is Duketon 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 Duketon Mining's stock expected returns. We can calculate the autocorrelation of Duketon Mining returns to help us make a trade decision. For example, suppose you find that Duketon 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 |
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Duketon 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 Duketon Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Duketon Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Duketon Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Duketon Mining Lagged Returns
When evaluating Duketon Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Duketon Mining stock have on its future price. Duketon 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, Duketon Mining autocorrelation shows the relationship between Duketon Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Duketon Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Duketon Stock Analysis
When running Duketon Mining's price analysis, check to measure Duketon 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 Duketon Mining is operating at the current time. Most of Duketon Mining's value examination focuses on studying past and present price action to predict the probability of Duketon 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 Duketon Mining's price. Additionally, you may evaluate how the addition of Duketon Mining to your portfolios can decrease your overall portfolio volatility.