Colonial Coal International Stock Market Value
| CAD Stock | CAD 2.15 0.01 0.46% |
| Symbol | Colonial |
Colonial Coal Intern Price To Book Ratio
Colonial Coal '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 Colonial Coal'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 Colonial Coal.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Colonial Coal on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Colonial Coal International or generate 0.0% return on investment in Colonial Coal over 30 days. Colonial Coal International Corp., an exploration stage company, engages in the acquisition, exploration, and developmen... More
Colonial Coal 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 Colonial Coal'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 Colonial Coal International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 15.18 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 5.62 |
Colonial Coal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colonial Coal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colonial Coal's standard deviation. In reality, there are many statistical measures that can use Colonial Coal historical prices to predict the future Colonial Coal's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (0.46) |
Colonial Coal Intern Backtested Returns
Colonial Coal Intern secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Colonial Coal International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Colonial Coal's Risk Adjusted Performance of (0.1), mean deviation of 2.38, and Standard Deviation of 3.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.96, which signifies possible diversification benefits within a given portfolio. Colonial Coal returns are very sensitive to returns on the market. As the market goes up or down, Colonial Coal is expected to follow. At this point, Colonial Coal Intern has a negative expected return of -0.42%. Please make sure to confirm Colonial Coal's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Colonial Coal Intern performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Colonial Coal International has virtually no predictability. Overlapping area represents the amount of predictability between Colonial Coal time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Colonial Coal Intern price movement. The serial correlation of 0.03 indicates that only 3.0% of current Colonial Coal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Colonial Coal Intern lagged returns against current returns
Autocorrelation, which is Colonial Coal 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 Colonial Coal's stock expected returns. We can calculate the autocorrelation of Colonial Coal returns to help us make a trade decision. For example, suppose you find that Colonial Coal 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 |
Colonial Coal 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 Colonial Coal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colonial Coal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colonial Coal stock over time.
Current vs Lagged Prices |
| Timeline |
Colonial Coal Lagged Returns
When evaluating Colonial Coal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colonial Coal stock have on its future price. Colonial Coal 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, Colonial Coal autocorrelation shows the relationship between Colonial Coal stock current value and its past values and can show if there is a momentum factor associated with investing in Colonial Coal International.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Colonial Stock Analysis
When running Colonial Coal's price analysis, check to measure Colonial Coal's 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 Colonial Coal is operating at the current time. Most of Colonial Coal's value examination focuses on studying past and present price action to predict the probability of Colonial Coal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Colonial Coal's price. Additionally, you may evaluate how the addition of Colonial Coal to your portfolios can decrease your overall portfolio volatility.