Chibougamau Independent Mines Stock Market Value
| CBG Stock | CAD 0.14 0.01 7.69% |
| Symbol | Chibougamau |
Chibougamau Independent '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 Chibougamau Independent'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 Chibougamau Independent.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chibougamau Independent on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Chibougamau Independent Mines or generate 0.0% return on investment in Chibougamau Independent over 30 days. Chibougamau Independent is related to or competes with Firan Technology, Wilmington Capital, Element Fleet, CVW CleanTech, Westshore Terminals, Northstar Clean, and Economic Investment. Chibougamau Independent Mines Inc. engages in the acquisition, exploration, and development of natural resource properti... More
Chibougamau Independent 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 Chibougamau Independent'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 Chibougamau Independent Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.47 | |||
| Information Ratio | 0.069 | |||
| Maximum Drawdown | 31.31 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 10.0 |
Chibougamau Independent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chibougamau Independent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chibougamau Independent's standard deviation. In reality, there are many statistical measures that can use Chibougamau Independent historical prices to predict the future Chibougamau Independent's volatility.| Risk Adjusted Performance | 0.0799 | |||
| Jensen Alpha | 0.5737 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0436 | |||
| Treynor Ratio | (0.70) |
Chibougamau Independent Backtested Returns
Chibougamau Independent appears to be out of control, given 3 months investment horizon. Chibougamau Independent 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. By analyzing Chibougamau Independent's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Chibougamau Independent's Mean Deviation of 2.77, risk adjusted performance of 0.0799, and Downside Deviation of 8.47 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chibougamau Independent holds a performance score of 9. The firm shows a Beta (market volatility) of -0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chibougamau Independent are expected to decrease at a much lower rate. During the bear market, Chibougamau Independent is likely to outperform the market. Please check Chibougamau Independent's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Chibougamau Independent's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Chibougamau Independent Mines has poor reverse predictability. Overlapping area represents the amount of predictability between Chibougamau Independent time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Chibougamau Independent price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Chibougamau Independent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chibougamau Independent lagged returns against current returns
Autocorrelation, which is Chibougamau Independent 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 Chibougamau Independent's stock expected returns. We can calculate the autocorrelation of Chibougamau Independent returns to help us make a trade decision. For example, suppose you find that Chibougamau Independent 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 |
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Chibougamau Independent 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 Chibougamau Independent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chibougamau Independent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chibougamau Independent stock over time.
Current vs Lagged Prices |
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Chibougamau Independent Lagged Returns
When evaluating Chibougamau Independent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chibougamau Independent stock have on its future price. Chibougamau Independent 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, Chibougamau Independent autocorrelation shows the relationship between Chibougamau Independent stock current value and its past values and can show if there is a momentum factor associated with investing in Chibougamau Independent Mines.
Regressed Prices |
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Additional Tools for Chibougamau Stock Analysis
When running Chibougamau Independent's price analysis, check to measure Chibougamau Independent'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 Chibougamau Independent is operating at the current time. Most of Chibougamau Independent's value examination focuses on studying past and present price action to predict the probability of Chibougamau Independent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chibougamau Independent's price. Additionally, you may evaluate how the addition of Chibougamau Independent to your portfolios can decrease your overall portfolio volatility.