Capricorn Metals (Australia) Market Value
| CMM Stock | 6.44 0.07 1.10% |
| Symbol | Capricorn |
Capricorn 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 Capricorn 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 Capricorn Metals.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Capricorn Metals on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Capricorn Metals or generate 0.0% return on investment in Capricorn Metals over 30 days. Capricorn Metals is related to or competes with Red Hill, EROAD, Cleanaway Waste, Vulcan Steel, Gold Road, Tombador Iron, and Bluescope Steel. Capricorn Metals is entity of Australia. It is traded as Stock on AU exchange. More
Capricorn 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 Capricorn 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 Capricorn Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0214 | |||
| Maximum Drawdown | 14.24 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 4.55 |
Capricorn Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capricorn Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capricorn Metals' standard deviation. In reality, there are many statistical measures that can use Capricorn Metals historical prices to predict the future Capricorn Metals' volatility.| Risk Adjusted Performance | 0.0613 | |||
| Jensen Alpha | 0.2043 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0236 | |||
| Treynor Ratio | (0.56) |
Capricorn Metals Backtested Returns
Capricorn Metals appears to be slightly risky, given 3 months investment horizon. Capricorn Metals secures Sharpe Ratio (or Efficiency) of 0.0806, which signifies that the company had a 0.0806% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Capricorn Metals, which you can use to evaluate the volatility of the firm. Please makes use of Capricorn Metals' Mean Deviation of 1.83, risk adjusted performance of 0.0613, and Downside Deviation of 2.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Capricorn Metals holds a performance score of 6. The firm shows a Beta (market volatility) of -0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Capricorn Metals are expected to decrease at a much lower rate. During the bear market, Capricorn Metals is likely to outperform the market. Please check Capricorn Metals' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Capricorn Metals' price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Capricorn Metals has good reverse predictability. Overlapping area represents the amount of predictability between Capricorn Metals time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Capricorn Metals price movement. The serial correlation of -0.53 indicates that about 53.0% of current Capricorn Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Capricorn Metals lagged returns against current returns
Autocorrelation, which is Capricorn 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 Capricorn Metals' stock expected returns. We can calculate the autocorrelation of Capricorn Metals returns to help us make a trade decision. For example, suppose you find that Capricorn 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 |
Capricorn 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 Capricorn Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capricorn Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capricorn Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Capricorn Metals Lagged Returns
When evaluating Capricorn Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capricorn Metals stock have on its future price. Capricorn 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, Capricorn Metals autocorrelation shows the relationship between Capricorn Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Capricorn Metals.
Regressed Prices |
| Timeline |
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Additional Tools for Capricorn Stock Analysis
When running Capricorn Metals' price analysis, check to measure Capricorn 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 Capricorn Metals is operating at the current time. Most of Capricorn Metals' value examination focuses on studying past and present price action to predict the probability of Capricorn Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capricorn Metals' price. Additionally, you may evaluate how the addition of Capricorn Metals to your portfolios can decrease your overall portfolio volatility.