Cunningham Natural's market value is the price at which a share of Cunningham Natural trades on a public exchange. It measures the collective expectations of Cunningham Natural Resources investors about its performance. Cunningham Natural is trading at 0.02 as of the 30th of November 2024, a 17.65% increase since the beginning of the trading day. The stock's open price was 0.017. With this module, you can estimate the performance of a buy and hold strategy of Cunningham Natural Resources and determine expected loss or profit from investing in Cunningham Natural over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
Cunningham
Cunningham Natural '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 Cunningham Natural's pink sheet 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 Cunningham Natural.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in Cunningham Natural on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cunningham Natural Resources or generate 0.0% return on investment in Cunningham Natural over 30 days.
Cunningham Natural 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 Cunningham Natural's pink sheet 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 Cunningham Natural Resources upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cunningham Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cunningham Natural's standard deviation. In reality, there are many statistical measures that can use Cunningham Natural historical prices to predict the future Cunningham Natural's volatility.
Cunningham Natural is out of control given 3 months investment horizon. Cunningham Natural secures Sharpe Ratio (or Efficiency) of 0.0815, which signifies that the company had a 0.0815% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.66% are justified by taking the suggested risk. Use Cunningham Natural Mean Deviation of 15.22, risk adjusted performance of 0.0741, and Downside Deviation of 16.53 to evaluate company specific risk that cannot be diversified away. Cunningham Natural holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.01, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Cunningham Natural are expected to decrease slowly. On the other hand, during market turmoil, Cunningham Natural is expected to outperform it slightly. Use Cunningham Natural sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Cunningham Natural.
Auto-correlation
-0.61
Very good reverse predictability
Cunningham Natural Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Cunningham Natural time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Cunningham Natural price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Cunningham Natural price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.61
Spearman Rank Test
0.1
Residual Average
0.0
Price Variance
0.0
Cunningham Natural lagged returns against current returns
Autocorrelation, which is Cunningham Natural pink sheet'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 Cunningham Natural's pink sheet expected returns. We can calculate the autocorrelation of Cunningham Natural returns to help us make a trade decision. For example, suppose you find that Cunningham Natural has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Cunningham Natural 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 Cunningham Natural pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cunningham Natural pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cunningham Natural pink sheet over time.
Current vs Lagged Prices
Timeline
Cunningham Natural Lagged Returns
When evaluating Cunningham Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cunningham Natural pink sheet have on its future price. Cunningham Natural 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, Cunningham Natural autocorrelation shows the relationship between Cunningham Natural pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cunningham Natural Resources.
Regressed Prices
Timeline
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