Endeavour Silver Corp Stock Market Value
| EDR Stock | CAD 7.39 0.27 3.52% |
| Symbol | Endeavour |
Endeavour Silver '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 Silver'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 Silver.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Endeavour Silver on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Endeavour Silver Corp or generate 0.0% return on investment in Endeavour Silver over 90 days. Endeavour Silver is related to or competes with Fortuna Silver, MAG Silver, Pan American, and Silvercorp Metals. Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extracti... More
Endeavour Silver 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 Silver'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 Silver Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.132 | |||
| Maximum Drawdown | 18.58 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 7.8 |
Endeavour Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endeavour Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endeavour Silver's standard deviation. In reality, there are many statistical measures that can use Endeavour Silver historical prices to predict the future Endeavour Silver's volatility.| Risk Adjusted Performance | 0.1649 | |||
| Jensen Alpha | 0.518 | |||
| Total Risk Alpha | 0.0997 | |||
| Sortino Ratio | 0.1711 | |||
| Treynor Ratio | 0.6877 |
Endeavour Silver Corp Backtested Returns
Endeavour Silver appears to be slightly risky, given 3 months investment horizon. Endeavour Silver Corp secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17 % return per unit of standard deviation over the last 3 months. By reviewing Endeavour Silver's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Endeavour Silver's Semi Deviation of 2.55, downside deviation of 2.97, and Mean Deviation of 2.96 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Endeavour Silver holds a performance score of 13. The firm shows a Beta (market volatility) of 0.93, which means possible diversification benefits within a given portfolio. Endeavour Silver returns are very sensitive to returns on the market. As the market goes up or down, Endeavour Silver is expected to follow. Please check Endeavour Silver's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Endeavour Silver's price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Endeavour Silver Corp has below average predictability. Overlapping area represents the amount of predictability between Endeavour Silver time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th 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 Endeavour Silver Corp price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Endeavour Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Endeavour Silver Corp lagged returns against current returns
Autocorrelation, which is Endeavour Silver 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 Silver's stock expected returns. We can calculate the autocorrelation of Endeavour Silver returns to help us make a trade decision. For example, suppose you find that Endeavour Silver 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 Silver 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 Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endeavour Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endeavour Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Endeavour Silver Lagged Returns
When evaluating Endeavour Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endeavour Silver stock have on its future price. Endeavour Silver 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 Silver autocorrelation shows the relationship between Endeavour Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Endeavour Silver Corp.
Regressed Prices |
| Timeline |
Pair Trading with Endeavour Silver
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 Endeavour Silver 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 Endeavour Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Endeavour Stock
| 0.98 | AG | First Majestic Silver | PairCorr |
| 0.79 | IE | Ivanhoe Energy | PairCorr |
| 0.64 | FDY | Faraday Copper Corp | PairCorr |
Moving against Endeavour Stock
The ability to find closely correlated positions to Endeavour Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Silver 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 Endeavour Silver - 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 Endeavour Silver Corp to buy it.
The correlation of Endeavour Silver 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 Endeavour Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Silver Corp 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 Endeavour Silver 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.Check out Endeavour Silver Correlation, Endeavour Silver Volatility and Endeavour Silver Alpha and Beta module to complement your research on Endeavour Silver. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Endeavour Silver technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.