Colossus Resources Corp Stock Market Value
| CLUS Stock | 0.13 0.00 0.00% |
| Symbol | Colossus |
Colossus Resources '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 Colossus Resources' 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 Colossus Resources.
| 11/06/2023 |
| 12/30/2024 |
If you would invest 0.00 in Colossus Resources on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Colossus Resources Corp or generate 0.0% return on investment in Colossus Resources over 420 days. Colossus Resources is entity of Canada. It is traded as Stock on V exchange. More
Colossus Resources 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 Colossus Resources' 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 Colossus Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0448 | |||
| Maximum Drawdown | 45.24 | |||
| Potential Upside | 8.33 |
Colossus Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colossus Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colossus Resources' standard deviation. In reality, there are many statistical measures that can use Colossus Resources historical prices to predict the future Colossus Resources' volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.2779 | |||
| Total Risk Alpha | 0.1165 | |||
| Treynor Ratio | (0.95) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Colossus Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Colossus Resources Corp Backtested Returns
At this stage we consider Colossus Stock to be out of control. Colossus Resources Corp secures Sharpe Ratio (or Efficiency) of 0.0058, which signifies that the company had a 0.0058% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Colossus Resources Corp, which you can use to evaluate the volatility of the firm. Please confirm Colossus Resources' Risk Adjusted Performance of 0.0489, standard deviation of 5.57, and Mean Deviation of 1.88 to double-check if the risk estimate we provide is consistent with the expected return of 0.0309%. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Colossus Resources are expected to decrease at a much lower rate. During the bear market, Colossus Resources is likely to outperform the market. Colossus Resources Corp right now shows a risk of 5.35%. Please confirm Colossus Resources Corp jensen alpha, potential upside, and the relationship between the information ratio and maximum drawdown , to decide if Colossus Resources Corp will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Colossus Resources Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Colossus Resources time series from 6th of November 2023 to 3rd of June 2024 and 3rd of June 2024 to 30th of December 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 Colossus Resources Corp price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Colossus Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Colossus Resources Corp lagged returns against current returns
Autocorrelation, which is Colossus Resources 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 Colossus Resources' stock expected returns. We can calculate the autocorrelation of Colossus Resources returns to help us make a trade decision. For example, suppose you find that Colossus Resources 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 |
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Colossus Resources 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 Colossus Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colossus Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colossus Resources stock over time.
Current vs Lagged Prices |
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Colossus Resources Lagged Returns
When evaluating Colossus Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colossus Resources stock have on its future price. Colossus Resources 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, Colossus Resources autocorrelation shows the relationship between Colossus Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Colossus Resources Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Colossus Stock Analysis
When running Colossus Resources' price analysis, check to measure Colossus Resources' 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 Colossus Resources is operating at the current time. Most of Colossus Resources' value examination focuses on studying past and present price action to predict the probability of Colossus Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Colossus Resources' price. Additionally, you may evaluate how the addition of Colossus Resources to your portfolios can decrease your overall portfolio volatility.