Canada Silver Cobalt Stock Market Value
| CCWOF Stock | USD 0.10 0.01 9.09% |
| Symbol | Canada |
Canada Silver '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 Canada Silver's otc 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 Canada Silver.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Canada Silver on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Canada Silver Cobalt or generate 0.0% return on investment in Canada Silver over 30 days. Canada Silver is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Canada Silver Cobalt Works Inc. engages in the acquisition, evaluation, exploration, and development of mineral properti... More
Canada Silver 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 Canada Silver's otc 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 Canada Silver Cobalt upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 32.5 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Canada Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canada Silver's standard deviation. In reality, there are many statistical measures that can use Canada Silver historical prices to predict the future Canada Silver's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (1.82) | |||
| Treynor Ratio | 0.3427 |
Canada Silver Cobalt Backtested Returns
Canada Silver Cobalt secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Canada Silver Cobalt exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canada Silver's Mean Deviation of 4.38, risk adjusted performance of (0.08), and Standard Deviation of 6.74 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.2, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Canada Silver are expected to decrease by larger amounts. On the other hand, during market turmoil, Canada Silver is expected to outperform it. At this point, Canada Silver Cobalt has a negative expected return of -0.73%. Please make sure to confirm Canada Silver's value at risk and the relationship between the accumulation distribution and relative strength index , to decide if Canada Silver Cobalt performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Canada Silver Cobalt has poor predictability. Overlapping area represents the amount of predictability between Canada Silver time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Canada Silver Cobalt price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Canada Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canada Silver Cobalt lagged returns against current returns
Autocorrelation, which is Canada Silver otc 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 Canada Silver's otc stock expected returns. We can calculate the autocorrelation of Canada Silver returns to help us make a trade decision. For example, suppose you find that Canada Silver has exhibited high autocorrelation historically, and you observe that the otc 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 |
Canada Silver 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 Canada Silver otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canada Silver otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canada Silver otc stock over time.
Current vs Lagged Prices |
| Timeline |
Canada Silver Lagged Returns
When evaluating Canada Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canada Silver otc stock have on its future price. Canada Silver 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, Canada Silver autocorrelation shows the relationship between Canada Silver otc stock current value and its past values and can show if there is a momentum factor associated with investing in Canada Silver Cobalt.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canada OTC Stock
Canada Silver financial ratios help investors to determine whether Canada OTC Stock 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 Canada with respect to the benefits of owning Canada Silver security.