Evolution Mining (Australia) Market Value
| EVN Stock | 4.98 0.02 0.40% |
| Symbol | Evolution |
Evolution 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 Evolution 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 Evolution Mining.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Evolution Mining on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Evolution Mining or generate 0.0% return on investment in Evolution Mining over 90 days. Evolution Mining is related to or competes with Alternative Investment, Premier Investments, Dicker Data, ABACUS STORAGE, Pinnacle Investment, and Data3. More
Evolution 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 Evolution 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 Evolution Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.083 | |||
| Maximum Drawdown | 13.39 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 4.17 |
Evolution Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolution Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolution Mining's standard deviation. In reality, there are many statistical measures that can use Evolution Mining historical prices to predict the future Evolution Mining's volatility.| Risk Adjusted Performance | 0.1106 | |||
| Jensen Alpha | 0.3091 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.084 | |||
| Treynor Ratio | 7.54 |
Evolution Mining Backtested Returns
Evolution Mining appears to be slightly risky, given 3 months investment horizon. Evolution Mining secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Evolution Mining, which you can use to evaluate the volatility of the firm. Please utilize Evolution Mining's Coefficient Of Variation of 737.99, mean deviation of 1.75, and Downside Deviation of 2.36 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Evolution Mining holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0416, which means not very significant fluctuations relative to the market. As returns on the market increase, Evolution Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolution Mining is expected to be smaller as well. Please check Evolution Mining's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Evolution Mining's price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Evolution Mining has good reverse predictability. Overlapping area represents the amount of predictability between Evolution Mining time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Evolution Mining price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Evolution Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Evolution Mining lagged returns against current returns
Autocorrelation, which is Evolution 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 Evolution Mining's stock expected returns. We can calculate the autocorrelation of Evolution Mining returns to help us make a trade decision. For example, suppose you find that Evolution 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 |
Evolution 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 Evolution Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolution Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolution Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Evolution Mining Lagged Returns
When evaluating Evolution Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolution Mining stock have on its future price. Evolution 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, Evolution Mining autocorrelation shows the relationship between Evolution Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Evolution Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Evolution Stock Analysis
When running Evolution Mining's price analysis, check to measure Evolution 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 Evolution Mining is operating at the current time. Most of Evolution Mining's value examination focuses on studying past and present price action to predict the probability of Evolution 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 Evolution Mining's price. Additionally, you may evaluate how the addition of Evolution Mining to your portfolios can decrease your overall portfolio volatility.