Cruz Cobalt Corp Stock Market Value
| BKTPF Stock | USD 0.03 0.0006 2.23% |
| Symbol | Cruz |
Cruz Cobalt '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 Cruz Cobalt's pink sheet 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 Cruz Cobalt.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Cruz Cobalt on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Cruz Cobalt Corp or generate 0.0% return on investment in Cruz Cobalt over 390 days. Cruz Cobalt is related to or competes with Mundoro Capital, Freegold Ventures, Aurelia Metals, Centaurus Metals, Ardea Resources, Canada Silver, and Azimut Exploration. Cruz Battery Metals Corp., an exploration stage company, engages in the identification, acquisition, and exploration of ... More
Cruz Cobalt 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 Cruz Cobalt's pink sheet 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 Cruz Cobalt Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 55.53 | |||
| Value At Risk | (16.39) | |||
| Potential Upside | 19.05 |
Cruz Cobalt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cruz Cobalt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cruz Cobalt's standard deviation. In reality, there are many statistical measures that can use Cruz Cobalt historical prices to predict the future Cruz Cobalt's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | 0.1625 | |||
| Total Risk Alpha | (1.67) | |||
| Treynor Ratio | 0.0207 |
Cruz Cobalt Corp Backtested Returns
Cruz Cobalt appears to be out of control, given 3 months investment horizon. Cruz Cobalt Corp secures Sharpe Ratio (or Efficiency) of 0.0542, which signifies that the company had a 0.0542% return per unit of risk over the last 3 months. By analyzing Cruz Cobalt's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of Cruz Cobalt's Standard Deviation of 9.79, risk adjusted performance of 0.0075, and Mean Deviation of 6.34 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cruz Cobalt holds a performance score of 4. The firm shows a Beta (market volatility) of -1.52, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cruz Cobalt are expected to decrease by larger amounts. On the other hand, during market turmoil, Cruz Cobalt is expected to outperform it. Please check Cruz Cobalt's skewness, as well as the relationship between the rate of daily change and price action indicator , to make a quick decision on whether Cruz Cobalt's price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Cruz Cobalt Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Cruz Cobalt time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Cruz Cobalt Corp price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Cruz Cobalt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cruz Cobalt Corp lagged returns against current returns
Autocorrelation, which is Cruz Cobalt pink sheet'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 Cruz Cobalt's pink sheet expected returns. We can calculate the autocorrelation of Cruz Cobalt returns to help us make a trade decision. For example, suppose you find that Cruz Cobalt has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Cruz Cobalt 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 Cruz Cobalt pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cruz Cobalt pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cruz Cobalt pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cruz Cobalt Lagged Returns
When evaluating Cruz Cobalt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cruz Cobalt pink sheet have on its future price. Cruz Cobalt 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, Cruz Cobalt autocorrelation shows the relationship between Cruz Cobalt pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cruz Cobalt Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cruz Pink Sheet
Cruz Cobalt financial ratios help investors to determine whether Cruz Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cruz with respect to the benefits of owning Cruz Cobalt security.