Headwater Exploration Stock Market Value
| CDDRF Stock | USD 4.88 0.03 0.62% |
| Symbol | Headwater |
Headwater Exploration '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 Headwater Exploration'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 Headwater Exploration.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Headwater Exploration on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Headwater Exploration or generate 0.0% return on investment in Headwater Exploration over 720 days. Headwater Exploration is related to or competes with Yamaha, Nitto Denko, Farmers Merchants, and Furukawa Electric. Headwater Exploration Inc., a junior resource company, engages in the exploration, development, and production of petrol... More
Headwater Exploration 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 Headwater Exploration'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 Headwater Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.16 |
Headwater Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Headwater Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Headwater Exploration's standard deviation. In reality, there are many statistical measures that can use Headwater Exploration historical prices to predict the future Headwater Exploration's volatility.| Risk Adjusted Performance | 0.0217 | |||
| Jensen Alpha | 0.0346 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.71) |
Headwater Exploration Backtested Returns
Headwater Exploration holds Efficiency (Sharpe) Ratio of -0.0117, which attests that the entity had a -0.0117% return per unit of standard deviation over the last 3 months. Headwater Exploration exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Headwater Exploration's market risk adjusted performance of (0.70), and Risk Adjusted Performance of 0.0217 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0416, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Headwater Exploration are expected to decrease at a much lower rate. During the bear market, Headwater Exploration is likely to outperform the market. At this point, Headwater Exploration has a negative expected return of -0.0229%. Please make sure to check out Headwater Exploration's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Headwater Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Headwater Exploration has insignificant predictability. Overlapping area represents the amount of predictability between Headwater Exploration time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Headwater Exploration price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Headwater Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Headwater Exploration lagged returns against current returns
Autocorrelation, which is Headwater Exploration 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 Headwater Exploration's pink sheet expected returns. We can calculate the autocorrelation of Headwater Exploration returns to help us make a trade decision. For example, suppose you find that Headwater Exploration 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 |
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Headwater Exploration 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 Headwater Exploration pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Headwater Exploration pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Headwater Exploration pink sheet over time.
Current vs Lagged Prices |
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Headwater Exploration Lagged Returns
When evaluating Headwater Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Headwater Exploration pink sheet have on its future price. Headwater Exploration 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, Headwater Exploration autocorrelation shows the relationship between Headwater Exploration pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Headwater Exploration.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Headwater Pink Sheet
Headwater Exploration financial ratios help investors to determine whether Headwater 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 Headwater with respect to the benefits of owning Headwater Exploration security.