DEVEX Resources (Australia) Market Value
| DEV Stock | 0.09 0 2.41% |
| Symbol | DEVEX |
DEVEX Resources '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 DEVEX Resources' 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 DEVEX Resources.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in DEVEX Resources on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding DEVEX Resources or generate 0.0% return on investment in DEVEX Resources over 90 days. DEVEX Resources is related to or competes with Westpac Banking, and Abacus Storage. DEVEX Resources is entity of Australia. It is traded as Stock on AU exchange. More
DEVEX Resources 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 DEVEX Resources' 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 DEVEX Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | 0.0642 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (6.85) | |||
| Potential Upside | 10.98 |
DEVEX Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DEVEX Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DEVEX Resources' standard deviation. In reality, there are many statistical measures that can use DEVEX Resources historical prices to predict the future DEVEX Resources' volatility.| Risk Adjusted Performance | 0.095 | |||
| Jensen Alpha | 0.4036 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0794 | |||
| Treynor Ratio | 1.13 |
DEVEX Resources Backtested Returns
DEVEX Resources appears to be out of control, given 3 months investment horizon. DEVEX Resources secures Sharpe Ratio (or Efficiency) of 0.0434, which denotes the company had a 0.0434 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for DEVEX Resources, which you can use to evaluate the volatility of the firm. Please utilize DEVEX Resources' Downside Deviation of 4.07, market risk adjusted performance of 1.14, and Mean Deviation of 3.93 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DEVEX Resources holds a performance score of 3. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, DEVEX Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding DEVEX Resources is expected to be smaller as well. Please check DEVEX Resources' sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether DEVEX Resources' price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
DEVEX Resources has good predictability. Overlapping area represents the amount of predictability between DEVEX Resources time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DEVEX Resources price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current DEVEX Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DEVEX Resources lagged returns against current returns
Autocorrelation, which is DEVEX Resources 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 DEVEX Resources' stock expected returns. We can calculate the autocorrelation of DEVEX Resources returns to help us make a trade decision. For example, suppose you find that DEVEX Resources 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 |
DEVEX Resources 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 DEVEX Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DEVEX Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DEVEX Resources stock over time.
Current vs Lagged Prices |
| Timeline |
DEVEX Resources Lagged Returns
When evaluating DEVEX Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DEVEX Resources stock have on its future price. DEVEX Resources 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, DEVEX Resources autocorrelation shows the relationship between DEVEX Resources stock current value and its past values and can show if there is a momentum factor associated with investing in DEVEX Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for DEVEX Stock Analysis
When running DEVEX Resources' price analysis, check to measure DEVEX Resources' 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 DEVEX Resources is operating at the current time. Most of DEVEX Resources' value examination focuses on studying past and present price action to predict the probability of DEVEX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DEVEX Resources' price. Additionally, you may evaluate how the addition of DEVEX Resources to your portfolios can decrease your overall portfolio volatility.