DY6 Metals (Australia) Market Value
| DY6 Stock | 0.28 0.02 6.67% |
| Symbol | DY6 |
DY6 Metals '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 DY6 Metals' 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 DY6 Metals.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in DY6 Metals on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding DY6 Metals or generate 0.0% return on investment in DY6 Metals over 90 days. DY6 Metals is related to or competes with Northern Star, Evolution Mining, Alcoa, Bluescope Steel, Aneka Tambang, Sandfire Resources, and Perseus Mining. DY6 Metals is entity of Australia. It is traded as Stock on AU exchange. More
DY6 Metals 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 DY6 Metals' 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 DY6 Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.86 | |||
| Information Ratio | 0.1701 | |||
| Maximum Drawdown | 358.88 | |||
| Value At Risk | (14.10) | |||
| Potential Upside | 31.25 |
DY6 Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DY6 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DY6 Metals' standard deviation. In reality, there are many statistical measures that can use DY6 Metals historical prices to predict the future DY6 Metals' volatility.| Risk Adjusted Performance | 0.1716 | |||
| Jensen Alpha | 7.13 | |||
| Total Risk Alpha | 1.13 | |||
| Sortino Ratio | 0.4124 | |||
| Treynor Ratio | (22.19) |
DY6 Metals Backtested Returns
DY6 Metals is out of control given 3 months investment horizon. DY6 Metals retains Efficiency (Sharpe Ratio) of 0.17, which denotes the company had a 0.17 % return per unit of price deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 7.06% are justified by taking the suggested risk. Use DY6 Metals Market Risk Adjusted Performance of (22.18), downside deviation of 16.86, and Standard Deviation of 40.87 to evaluate company specific risk that cannot be diversified away. DY6 Metals holds a performance score of 13 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DY6 Metals are expected to decrease at a much lower rate. During the bear market, DY6 Metals is likely to outperform the market. Use DY6 Metals semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on DY6 Metals.
Auto-correlation | 0.38 |
Below average predictability
DY6 Metals has below average predictability. Overlapping area represents the amount of predictability between DY6 Metals 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 DY6 Metals price movement. The serial correlation of 0.38 indicates that just about 38.0% of current DY6 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
DY6 Metals lagged returns against current returns
Autocorrelation, which is DY6 Metals 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 DY6 Metals' stock expected returns. We can calculate the autocorrelation of DY6 Metals returns to help us make a trade decision. For example, suppose you find that DY6 Metals 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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DY6 Metals 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 DY6 Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DY6 Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DY6 Metals stock over time.
Current vs Lagged Prices |
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DY6 Metals Lagged Returns
When evaluating DY6 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DY6 Metals stock have on its future price. DY6 Metals 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, DY6 Metals autocorrelation shows the relationship between DY6 Metals stock current value and its past values and can show if there is a momentum factor associated with investing in DY6 Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for DY6 Stock Analysis
When running DY6 Metals' price analysis, check to measure DY6 Metals' 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 DY6 Metals is operating at the current time. Most of DY6 Metals' value examination focuses on studying past and present price action to predict the probability of DY6 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DY6 Metals' price. Additionally, you may evaluate how the addition of DY6 Metals to your portfolios can decrease your overall portfolio volatility.