Cabo Drilling Corp Stock Market Value
| CBEEF Stock | USD 0.0001 0.00 0.00% |
| Symbol | Cabo |
Cabo Drilling '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 Cabo Drilling'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 Cabo Drilling.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cabo Drilling on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cabo Drilling Corp or generate 0.0% return on investment in Cabo Drilling over 30 days. Cabo Drilling is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Cabo Drilling Corp., a drilling services company, provides contract drilling services to major, mid-tier, and junior min... More
Cabo Drilling 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 Cabo Drilling'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 Cabo Drilling Corp upside and downside potential and time the market with a certain degree of confidence.
Cabo Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cabo Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cabo Drilling's standard deviation. In reality, there are many statistical measures that can use Cabo Drilling historical prices to predict the future Cabo Drilling's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cabo Drilling's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cabo Drilling Corp Backtested Returns
We have found three technical indicators for Cabo Drilling Corp, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Cabo Drilling are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Cabo Drilling Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Cabo Drilling time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Cabo Drilling Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cabo Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cabo Drilling Corp lagged returns against current returns
Autocorrelation, which is Cabo Drilling 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 Cabo Drilling's pink sheet expected returns. We can calculate the autocorrelation of Cabo Drilling returns to help us make a trade decision. For example, suppose you find that Cabo Drilling 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 |
Cabo Drilling 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 Cabo Drilling pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cabo Drilling pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cabo Drilling pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cabo Drilling Lagged Returns
When evaluating Cabo Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cabo Drilling pink sheet have on its future price. Cabo Drilling 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, Cabo Drilling autocorrelation shows the relationship between Cabo Drilling pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cabo Drilling Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cabo Pink Sheet
Cabo Drilling financial ratios help investors to determine whether Cabo 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 Cabo with respect to the benefits of owning Cabo Drilling security.