Chalice Mining (Australia) Market Value
| CHN Stock | 1.34 0.05 3.60% |
| Symbol | Chalice |
Chalice Mining '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 Chalice Mining'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 Chalice Mining.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Chalice Mining on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Chalice Mining Limited or generate 0.0% return on investment in Chalice Mining over 540 days. Chalice Mining is related to or competes with Readytech Holdings, Ras Technology, Centaurus Metals, Hansen Technologies, and Macquarie Technology. Chalice Mining is entity of Australia. It is traded as Stock on AU exchange. More
Chalice Mining 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 Chalice Mining'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 Chalice Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.29 | |||
| Information Ratio | 0.0709 | |||
| Maximum Drawdown | 27.14 | |||
| Value At Risk | (6.36) | |||
| Potential Upside | 8.7 |
Chalice Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chalice Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chalice Mining's standard deviation. In reality, there are many statistical measures that can use Chalice Mining historical prices to predict the future Chalice Mining's volatility.| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | 0.5635 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0796 | |||
| Treynor Ratio | (0.50) |
Chalice Mining Backtested Returns
Chalice Mining appears to be extremely dangerous, given 3 months investment horizon. Chalice Mining secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing Chalice Mining's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of Chalice Mining's mean deviation of 3.57, and Risk Adjusted Performance of 0.0827 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chalice Mining holds a performance score of 8. The firm shows a Beta (market volatility) of -0.92, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Chalice Mining are expected to decrease slowly. On the other hand, during market turmoil, Chalice Mining is expected to outperform it slightly. Please check Chalice Mining's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Chalice Mining's price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Chalice Mining Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chalice Mining time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Chalice Mining price movement. The serial correlation of -0.18 indicates that over 18.0% of current Chalice Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Chalice Mining lagged returns against current returns
Autocorrelation, which is Chalice Mining 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 Chalice Mining's stock expected returns. We can calculate the autocorrelation of Chalice Mining returns to help us make a trade decision. For example, suppose you find that Chalice Mining 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 |
| Timeline |
Chalice Mining 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 Chalice Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chalice Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chalice Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Chalice Mining Lagged Returns
When evaluating Chalice Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chalice Mining stock have on its future price. Chalice Mining 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, Chalice Mining autocorrelation shows the relationship between Chalice Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Chalice Mining Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Chalice Stock Analysis
When running Chalice Mining's price analysis, check to measure Chalice Mining'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 Chalice Mining is operating at the current time. Most of Chalice Mining's value examination focuses on studying past and present price action to predict the probability of Chalice Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chalice Mining's price. Additionally, you may evaluate how the addition of Chalice Mining to your portfolios can decrease your overall portfolio volatility.