Comet Industries Stock Market Value
| CMU Stock | CAD 4.00 0.00 0.00% |
| Symbol | Comet |
Comet Industries Price To Book Ratio
Comet Industries '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 Comet Industries' 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 Comet Industries.
| 12/05/2025 |
| 01/04/2026 |
If you would invest 0.00 in Comet Industries on December 5, 2025 and sell it all today you would earn a total of 0.00 from holding Comet Industries or generate 0.0% return on investment in Comet Industries over 30 days. Comet Industries is related to or competes with Niobay Metals, Intrepid Metals, Starr Peak, New Age, Vulcan Minerals, Bayhorse Silver, and TNR Gold. Comet Industries Ltd. acquires, holds, manages, and rents land and a commercial building located at the corner of Carral... More
Comet Industries 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 Comet Industries' 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 Comet Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 28.01 | |||
| Potential Upside | 3.61 |
Comet Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comet Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comet Industries' standard deviation. In reality, there are many statistical measures that can use Comet Industries historical prices to predict the future Comet Industries' volatility.| Risk Adjusted Performance | 0.0685 | |||
| Jensen Alpha | 0.2584 | |||
| Total Risk Alpha | 0.0116 | |||
| Treynor Ratio | 3.31 |
Comet Industries Backtested Returns
Comet Industries secures Sharpe Ratio (or Efficiency) of -0.0118, which signifies that the company had a -0.0118 % return per unit of risk over the last 3 months. Comet Industries exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Comet Industries' Risk Adjusted Performance of 0.0685, mean deviation of 1.14, and Standard Deviation of 3.18 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0794, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Comet Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Comet Industries is expected to be smaller as well. At this point, Comet Industries has a negative expected return of -0.0294%. Please make sure to confirm Comet Industries' standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Comet Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Comet Industries has no correlation between past and present. Overlapping area represents the amount of predictability between Comet Industries time series from 5th of December 2025 to 20th of December 2025 and 20th of December 2025 to 4th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Comet Industries price movement. The serial correlation of 0.0 indicates that just 0.0% of current Comet Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Comet Industries lagged returns against current returns
Autocorrelation, which is Comet Industries 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 Comet Industries' stock expected returns. We can calculate the autocorrelation of Comet Industries returns to help us make a trade decision. For example, suppose you find that Comet Industries 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 |
Comet Industries 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 Comet Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comet Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comet Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Comet Industries Lagged Returns
When evaluating Comet Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comet Industries stock have on its future price. Comet Industries 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, Comet Industries autocorrelation shows the relationship between Comet Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Comet Industries.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Comet Stock Analysis
When running Comet Industries' price analysis, check to measure Comet Industries' 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 Comet Industries is operating at the current time. Most of Comet Industries' value examination focuses on studying past and present price action to predict the probability of Comet Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comet Industries' price. Additionally, you may evaluate how the addition of Comet Industries to your portfolios can decrease your overall portfolio volatility.