Eastern Metals (Australia) Market Value

Symbol

Eastern

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 Eastern 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 Eastern Metals.

Eastern Metals Upside/Downside Indicators

Eastern Metals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Metals' standard deviation. In reality, there are many statistical measures that can use Eastern Metals historical prices to predict the future Eastern Metals' volatility.

Autocorrelation, which is Eastern 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 Eastern Metals' stock expected returns. We can calculate the autocorrelation of Eastern Metals returns to help us make a trade decision. For example, suppose you find that Eastern 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.

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eastern Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Metals stock over time.

When evaluating Eastern Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Metals stock have on its future price. Eastern 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, Eastern Metals autocorrelation shows the relationship between Eastern Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Metals.

When running Eastern Metals' price analysis, check to measure Eastern 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 Eastern Metals is operating at the current time. Most of Eastern Metals' value examination focuses on studying past and present price action to predict the probability of Eastern Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern Metals' price. Additionally, you may evaluate how the addition of Eastern Metals to your portfolios can decrease your overall portfolio volatility.