Cmc Metals Stock Market Value
| CMB Stock | CAD 0.02 0.00 0.00% |
| Symbol | CMC |
CMC Metals Price To Book Ratio
CMC Metals '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 CMC Metals' 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 CMC Metals.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in CMC Metals on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding CMC Metals or generate 0.0% return on investment in CMC Metals over 30 days. CMC Metals is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. CMC Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and the United States More
CMC Metals 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 CMC Metals' 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 CMC Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 35.14 | |||
| Information Ratio | 0.0722 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
CMC Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CMC Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CMC Metals' standard deviation. In reality, there are many statistical measures that can use CMC Metals historical prices to predict the future CMC Metals' volatility.| Risk Adjusted Performance | 0.0693 | |||
| Jensen Alpha | 1.67 | |||
| Total Risk Alpha | (1.81) | |||
| Sortino Ratio | 0.0466 | |||
| Treynor Ratio | 2.49 |
CMC Metals Backtested Returns
CMC Metals is out of control given 3 months investment horizon. CMC Metals retains Efficiency (Sharpe Ratio) of 0.0985, which signifies that the company had a 0.0985% return per unit of risk over the last 3 months. We were able to interpolate twenty-five different technical indicators, which can help you to evaluate if expected returns of 2.12% are justified by taking the suggested risk. Use CMC Metals market risk adjusted performance of 2.5, and Coefficient Of Variation of 1282.46 to evaluate company specific risk that cannot be diversified away. CMC Metals holds a performance score of 7 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CMC Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding CMC Metals is expected to be smaller as well. Use CMC Metals downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside , to analyze future returns on CMC Metals.
Auto-correlation | 0.32 |
Below average predictability
CMC Metals has below average predictability. Overlapping area represents the amount of predictability between CMC Metals time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 CMC Metals price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current CMC Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CMC Metals lagged returns against current returns
Autocorrelation, which is CMC Metals 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 CMC Metals' stock expected returns. We can calculate the autocorrelation of CMC Metals returns to help us make a trade decision. For example, suppose you find that CMC Metals 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 |
CMC Metals 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 CMC Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CMC Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CMC Metals stock over time.
Current vs Lagged Prices |
| Timeline |
CMC Metals Lagged Returns
When evaluating CMC Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CMC Metals stock have on its future price. CMC Metals 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, CMC Metals autocorrelation shows the relationship between CMC Metals stock current value and its past values and can show if there is a momentum factor associated with investing in CMC Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CMC Stock Analysis
When running CMC Metals' price analysis, check to measure CMC Metals' 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 CMC Metals is operating at the current time. Most of CMC Metals' value examination focuses on studying past and present price action to predict the probability of CMC Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMC Metals' price. Additionally, you may evaluate how the addition of CMC Metals to your portfolios can decrease your overall portfolio volatility.