Endeavour Mining (UK) Market Value
| EDV Stock | 1,544 5.00 0.32% |
| Symbol | Endeavour |
Endeavour 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 Endeavour 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 Endeavour Mining.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Endeavour Mining on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Endeavour Mining Corp or generate 0.0% return on investment in Endeavour Mining over 720 days. Endeavour Mining is related to or competes with Everyman Media, Schweiter Technologies, XLMedia PLC, PureTech Health, LBG Media, and Allianz Technology. Endeavour Mining is entity of United Kingdom More
Endeavour 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 Endeavour 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 Endeavour Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.41 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.85 |
Endeavour Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endeavour Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endeavour Mining's standard deviation. In reality, there are many statistical measures that can use Endeavour Mining historical prices to predict the future Endeavour Mining's volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | 0.0339 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0258 |
Endeavour Mining Corp Backtested Returns
At this point, Endeavour Mining is very steady. Endeavour Mining Corp secures Sharpe Ratio (or Efficiency) of 0.0112, which denotes the company had a 0.0112% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Endeavour Mining Corp, which you can use to evaluate the volatility of the firm. Please confirm Endeavour Mining's Semi Deviation of 2.07, downside deviation of 2.15, and Mean Deviation of 1.75 to check if the risk estimate we provide is consistent with the expected return of 0.0277%. The firm shows a Beta (market volatility) of -0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Endeavour Mining are expected to decrease at a much lower rate. During the bear market, Endeavour Mining is likely to outperform the market. Endeavour Mining Corp right now shows a risk of 2.46%. Please confirm Endeavour Mining Corp jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Endeavour Mining Corp will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Endeavour Mining Corp has virtually no predictability. Overlapping area represents the amount of predictability between Endeavour Mining time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Endeavour Mining Corp price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Endeavour Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 28.7 K |
Endeavour Mining Corp lagged returns against current returns
Autocorrelation, which is Endeavour 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 Endeavour Mining's stock expected returns. We can calculate the autocorrelation of Endeavour Mining returns to help us make a trade decision. For example, suppose you find that Endeavour 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 |
Endeavour 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 Endeavour Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endeavour Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endeavour Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Endeavour Mining Lagged Returns
When evaluating Endeavour Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endeavour Mining stock have on its future price. Endeavour 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, Endeavour Mining autocorrelation shows the relationship between Endeavour Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Endeavour Mining Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Endeavour Stock
Endeavour Mining financial ratios help investors to determine whether Endeavour 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 Endeavour with respect to the benefits of owning Endeavour Mining security.