Commander Resources Stock Market Value
| CMD Stock | CAD 0.08 0.01 14.29% |
| Symbol | Commander |
Commander 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 Commander 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 Commander Resources.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Commander Resources on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Commander Resources or generate 0.0% return on investment in Commander Resources over 720 days. Commander Resources is related to or competes with Constellation Software, Monument Mining, DIRTT Environmental, Labrador Iron, A W, Gatos Silver, and Arizona Gold. Commander Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of base... More
Commander 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 Commander 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 Commander Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 29.17 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Commander Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commander Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commander Resources' standard deviation. In reality, there are many statistical measures that can use Commander Resources historical prices to predict the future Commander Resources' volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | 0.2049 | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.14) |
Commander Resources Backtested Returns
At this stage we consider Commander Stock to be out of control. Commander Resources secures Sharpe Ratio (or Efficiency) of 0.0243, which signifies that the company had a 0.0243% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Commander Resources, which you can use to evaluate the volatility of the firm. Please confirm Commander Resources' Standard Deviation of 4.9, risk adjusted performance of 0.0267, and Mean Deviation of 1.79 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Commander Resources has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Commander Resources are expected to decrease at a much lower rate. During the bear market, Commander Resources is likely to outperform the market. Commander Resources right now shows a risk of 4.98%. Please confirm Commander Resources maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if Commander Resources will be following its price patterns.
Auto-correlation | 0.29 |
Poor predictability
Commander Resources has poor predictability. Overlapping area represents the amount of predictability between Commander Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Commander Resources price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Commander Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Commander Resources lagged returns against current returns
Autocorrelation, which is Commander 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 Commander Resources' stock expected returns. We can calculate the autocorrelation of Commander Resources returns to help us make a trade decision. For example, suppose you find that Commander 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 |
| Timeline |
Commander 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 Commander Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commander Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commander Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Commander Resources Lagged Returns
When evaluating Commander Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commander Resources stock have on its future price. Commander 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, Commander Resources autocorrelation shows the relationship between Commander Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Commander Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Commander Stock Analysis
When running Commander Resources' price analysis, check to measure Commander 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 Commander Resources is operating at the current time. Most of Commander Resources' value examination focuses on studying past and present price action to predict the probability of Commander Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commander Resources' price. Additionally, you may evaluate how the addition of Commander Resources to your portfolios can decrease your overall portfolio volatility.