Cordoba Minerals' market value is the price at which a share of Cordoba Minerals trades on a public exchange. It measures the collective expectations of Cordoba Minerals Corp investors about its performance. Cordoba Minerals is trading at 0.27 as of the 18th of January 2025. This is a 3.57% down since the beginning of the trading day. The stock's lowest day price was 0.27. With this module, you can estimate the performance of a buy and hold strategy of Cordoba Minerals Corp and determine expected loss or profit from investing in Cordoba Minerals over a given investment horizon. Check out Cordoba Minerals Correlation, Cordoba Minerals Volatility and Cordoba Minerals Alpha and Beta module to complement your research on Cordoba Minerals.
Please note, there is a significant difference between Cordoba Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cordoba Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cordoba Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cordoba Minerals '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 Cordoba Minerals' 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 Cordoba Minerals.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Cordoba Minerals on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Cordoba Minerals Corp or generate 0.0% return on investment in Cordoba Minerals over 30 days. Cordoba Minerals is related to or competes with Metals X, Skeena Resources, Magna Mining, LithiumBank Resources, Lotus Resources, Canada Nickel, and Osisko Metals. Cordoba Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, and development of base ... More
Cordoba Minerals 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 Cordoba Minerals' 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 Cordoba Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cordoba Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cordoba Minerals' standard deviation. In reality, there are many statistical measures that can use Cordoba Minerals historical prices to predict the future Cordoba Minerals' volatility.
Cordoba Minerals Corp secures Sharpe Ratio (or Efficiency) of -0.0163, which signifies that the company had a -0.0163% return per unit of risk over the last 3 months. Cordoba Minerals Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cordoba Minerals' insignificant Risk Adjusted Performance, mean deviation of 2.34, and Standard Deviation of 6.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cordoba Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cordoba Minerals is expected to be smaller as well. At this point, Cordoba Minerals Corp has a negative expected return of -0.11%. Please make sure to confirm Cordoba Minerals' treynor ratio and the relationship between the kurtosis and period momentum indicator , to decide if Cordoba Minerals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
0.80
Very good predictability
Cordoba Minerals Corp has very good predictability. Overlapping area represents the amount of predictability between Cordoba Minerals time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cordoba Minerals Corp price movement. The serial correlation of 0.8 indicates that around 80.0% of current Cordoba Minerals price fluctuation can be explain by its past prices.
Correlation Coefficient
0.8
Spearman Rank Test
0.45
Residual Average
0.0
Price Variance
0.0
Cordoba Minerals Corp lagged returns against current returns
Autocorrelation, which is Cordoba Minerals 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 Cordoba Minerals' otc stock expected returns. We can calculate the autocorrelation of Cordoba Minerals returns to help us make a trade decision. For example, suppose you find that Cordoba Minerals 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
Cordoba Minerals 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 Cordoba Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cordoba Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cordoba Minerals otc stock over time.
Current vs Lagged Prices
Timeline
Cordoba Minerals Lagged Returns
When evaluating Cordoba Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cordoba Minerals otc stock have on its future price. Cordoba Minerals 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, Cordoba Minerals autocorrelation shows the relationship between Cordoba Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cordoba Minerals Corp.
Other Information on Investing in Cordoba OTC Stock
Cordoba Minerals financial ratios help investors to determine whether Cordoba 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 Cordoba with respect to the benefits of owning Cordoba Minerals security.