Commerce Resources Corp Stock Market Value
| CMRZF Stock | USD 0.06 0 7.17% |
| Symbol | Commerce |
Commerce 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 Commerce Resources' 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 Commerce Resources.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Commerce Resources on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Commerce Resources Corp or generate 0.0% return on investment in Commerce Resources over 360 days. Commerce Resources is related to or competes with StrikePoint Gold, Silver Elephant, Eskay Mining, Aurelia Metals, Centaurus Metals, and Adriatic Metals. Commerce Resources Corp. acquires, explores, develops, and evaluates mineral resource properties in Canada More
Commerce 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 Commerce Resources' 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 Commerce Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.48 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 59.34 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Commerce Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commerce Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commerce Resources' standard deviation. In reality, there are many statistical measures that can use Commerce Resources historical prices to predict the future Commerce Resources' volatility.| Risk Adjusted Performance | 0.0098 | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (1.66) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0) |
Commerce Resources Corp Backtested Returns
At this point, Commerce Resources is out of control. Commerce Resources Corp secures Sharpe Ratio (or Efficiency) of 7.0E-4, which signifies that the company had a 7.0E-4% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Commerce Resources Corp, which you can use to evaluate the volatility of the firm. Please confirm Commerce Resources' Downside Deviation of 16.48, risk adjusted performance of 0.0098, and Mean Deviation of 6.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.0072%. The firm shows a Beta (market volatility) of 1.88, 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, Commerce Resources will likely underperform. Commerce Resources Corp right now shows a risk of 10.58%. Please confirm Commerce Resources Corp sortino ratio and the relationship between the downside variance and period momentum indicator , to decide if Commerce Resources Corp will be following its price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Commerce Resources Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Commerce Resources time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Commerce Resources Corp price movement. The serial correlation of -0.03 indicates that only 3.0% of current Commerce Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Commerce Resources Corp lagged returns against current returns
Autocorrelation, which is Commerce Resources 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 Commerce Resources' otc stock expected returns. We can calculate the autocorrelation of Commerce Resources returns to help us make a trade decision. For example, suppose you find that Commerce Resources 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 |
Commerce 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 Commerce Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commerce Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commerce Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Commerce Resources Lagged Returns
When evaluating Commerce Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commerce Resources otc stock have on its future price. Commerce 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, Commerce Resources autocorrelation shows the relationship between Commerce Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Commerce Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Commerce OTC Stock
Commerce Resources financial ratios help investors to determine whether Commerce 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 Commerce with respect to the benefits of owning Commerce Resources security.