Champion Iron (Australia) Market Value
| CIA Stock | 5.56 0.03 0.54% |
| Symbol | Champion |
Champion Iron '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 Champion Iron'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 Champion Iron.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Champion Iron on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Champion Iron or generate 0.0% return on investment in Champion Iron over 30 days. Champion Iron is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, and De Grey. Champion Iron is entity of Australia. It is traded as Stock on AU exchange. More
Champion Iron 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 Champion Iron'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 Champion Iron upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 21.48 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 4.08 |
Champion Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Champion Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Champion Iron's standard deviation. In reality, there are many statistical measures that can use Champion Iron historical prices to predict the future Champion Iron's volatility.| Risk Adjusted Performance | 0.0024 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (2.32) |
Champion Iron Backtested Returns
Champion Iron secures Sharpe Ratio (or Efficiency) of -0.0153, which signifies that the company had a -0.0153% return per unit of standard deviation over the last 3 months. Champion Iron exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Champion Iron's mean deviation of 2.19, and Risk Adjusted Performance of 0.0024 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0133, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Champion Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Champion Iron is expected to be smaller as well. At this point, Champion Iron has a negative expected return of -0.0479%. Please make sure to confirm Champion Iron's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Champion Iron performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Champion Iron has insignificant reverse predictability. Overlapping area represents the amount of predictability between Champion Iron time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Champion Iron price movement. The serial correlation of -0.18 indicates that over 18.0% of current Champion Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Champion Iron lagged returns against current returns
Autocorrelation, which is Champion Iron 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 Champion Iron's stock expected returns. We can calculate the autocorrelation of Champion Iron returns to help us make a trade decision. For example, suppose you find that Champion Iron 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 |
Champion Iron 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 Champion Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Champion Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Champion Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Champion Iron Lagged Returns
When evaluating Champion Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Champion Iron stock have on its future price. Champion Iron 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, Champion Iron autocorrelation shows the relationship between Champion Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Champion Iron.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Champion Stock Analysis
When running Champion Iron's price analysis, check to measure Champion Iron'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 Champion Iron is operating at the current time. Most of Champion Iron's value examination focuses on studying past and present price action to predict the probability of Champion Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Champion Iron's price. Additionally, you may evaluate how the addition of Champion Iron to your portfolios can decrease your overall portfolio volatility.