Cmc Metals Stock Market Value
| CMCXF Stock | USD 0.02 0.01 100.00% |
| Symbol | CMC |
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' otc 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.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in CMC Metals on December 5, 2022 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 720 days. CMC Metals is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. 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' otc 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 | 53.45 | |||
| Information Ratio | 0.153 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
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 | 0.1298 | |||
| Jensen Alpha | 5.08 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1109 | |||
| Treynor Ratio | 0.7498 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CMC Metals' 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.
CMC Metals Backtested Returns
CMC Metals is out of control given 3 months investment horizon. CMC Metals retains Efficiency (Sharpe Ratio) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 6.15% are justified by taking the suggested risk. Use CMC Metals coefficient of variation of 639.29, and Market Risk Adjusted Performance of 0.7598 to evaluate company specific risk that cannot be diversified away. CMC Metals holds a performance score of 12 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of 8.07, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CMC Metals will likely underperform. Use CMC Metals potential upside, day median price, and the relationship between the sortino ratio and skewness , to analyze future returns on CMC Metals.
Auto-correlation | 0.64 |
Good predictability
CMC Metals has good predictability. Overlapping area represents the amount of predictability between CMC Metals time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 0.64 indicates that roughly 64.0% of current CMC Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CMC Metals lagged returns against current returns
Autocorrelation, which is CMC Metals otc 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' otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CMC Metals otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in CMC OTC Stock
CMC Metals financial ratios help investors to determine whether CMC OTC Stock 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 CMC with respect to the benefits of owning CMC Metals security.