Dundee Precious Metals Stock Market Value
| DPM Stock | CAD 13.17 0.13 1.00% |
| Symbol | Dundee |
Dundee Precious Metals Price To Book Ratio
Dundee Precious '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 Dundee Precious' 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 Dundee Precious.
| 06/14/2024 |
| 12/11/2024 |
If you would invest 0.00 in Dundee Precious on June 14, 2024 and sell it all today you would earn a total of 0.00 from holding Dundee Precious Metals or generate 0.0% return on investment in Dundee Precious over 180 days. Dundee Precious is related to or competes with Centerra Gold, SSR Mining, Alamos Gold, Endeavour Mining, and Lundin Gold. Dundee Precious Metals Inc., a gold mining company, engages in the acquisition of mineral properties, exploration, devel... More
Dundee Precious 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 Dundee Precious' 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 Dundee Precious Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.88 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.33 |
Dundee Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dundee Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dundee Precious' standard deviation. In reality, there are many statistical measures that can use Dundee Precious historical prices to predict the future Dundee Precious' volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.0704 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (2.90) |
Dundee Precious Metals Backtested Returns
Dundee Precious Metals secures Sharpe Ratio (or Efficiency) of -0.001, which denotes the company had a -0.001% return per unit of risk over the last 3 months. Dundee Precious Metals exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dundee Precious' Downside Deviation of 1.81, mean deviation of 1.26, and Coefficient Of Variation of 2091.87 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0234, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dundee Precious are expected to decrease at a much lower rate. During the bear market, Dundee Precious is likely to outperform the market. At this point, Dundee Precious Metals has a negative expected return of -0.0016%. Please make sure to confirm Dundee Precious' sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Dundee Precious Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Dundee Precious Metals has very good reverse predictability. Overlapping area represents the amount of predictability between Dundee Precious time series from 14th of June 2024 to 12th of September 2024 and 12th of September 2024 to 11th 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 Dundee Precious Metals price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Dundee Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Dundee Precious Metals lagged returns against current returns
Autocorrelation, which is Dundee Precious 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 Dundee Precious' stock expected returns. We can calculate the autocorrelation of Dundee Precious returns to help us make a trade decision. For example, suppose you find that Dundee Precious 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 |
Dundee Precious 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 Dundee Precious stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dundee Precious stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dundee Precious stock over time.
Current vs Lagged Prices |
| Timeline |
Dundee Precious Lagged Returns
When evaluating Dundee Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dundee Precious stock have on its future price. Dundee Precious 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, Dundee Precious autocorrelation shows the relationship between Dundee Precious stock current value and its past values and can show if there is a momentum factor associated with investing in Dundee Precious Metals.
Regressed Prices |
| Timeline |
Pair Trading with Dundee Precious
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 Dundee Precious 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 Dundee Precious will appreciate offsetting losses from the drop in the long position's value.Moving together with Dundee Stock
Moving against Dundee Stock
| 0.59 | WCN | Waste Connections | PairCorr |
| 0.51 | FFH | Fairfax Financial | PairCorr |
| 0.43 | BYD | Boyd Group Services | PairCorr |
| 0.42 | CSU | Constellation Software | PairCorr |
The ability to find closely correlated positions to Dundee Precious could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dundee Precious 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 Dundee Precious - 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 Dundee Precious Metals to buy it.
The correlation of Dundee Precious 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 Dundee Precious moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dundee Precious Metals 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 Dundee Precious 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 Dundee Stock
Dundee Precious financial ratios help investors to determine whether Dundee 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 Dundee with respect to the benefits of owning Dundee Precious security.