Camino Minerals Stock Market Value
| COR Stock | CAD 0.04 0.01 14.29% |
| Symbol | Camino |
Camino Minerals Price To Book Ratio
Camino Minerals '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 Camino Minerals' 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 Camino Minerals.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Camino Minerals on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Camino Minerals or generate 0.0% return on investment in Camino Minerals over 30 days. Camino Minerals is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Camino Minerals Corporation, an exploration stage company, engages in the exploration and development of mineral propert... More
Camino Minerals 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 Camino Minerals' 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 Camino Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 40.0 | |||
| Value At Risk | (14.29) |
Camino Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Camino Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Camino Minerals' standard deviation. In reality, there are many statistical measures that can use Camino Minerals historical prices to predict the future Camino Minerals' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (1.68) | |||
| Treynor Ratio | (1.00) |
Camino Minerals Backtested Returns
Camino Minerals secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Camino Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Camino Minerals' Standard Deviation of 5.06, risk adjusted performance of (0.13), and Mean Deviation of 2.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Camino Minerals returns are very sensitive to returns on the market. As the market goes up or down, Camino Minerals is expected to follow. At this point, Camino Minerals has a negative expected return of -0.53%. Please make sure to confirm Camino Minerals' maximum drawdown and the relationship between the accumulation distribution and relative strength index , to decide if Camino Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Camino Minerals has perfect predictability. Overlapping area represents the amount of predictability between Camino Minerals time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Camino Minerals price movement. The serial correlation of 1.0 indicates that 100.0% of current Camino Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Camino Minerals lagged returns against current returns
Autocorrelation, which is Camino Minerals 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 Camino Minerals' stock expected returns. We can calculate the autocorrelation of Camino Minerals returns to help us make a trade decision. For example, suppose you find that Camino Minerals 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 |
Camino Minerals 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 Camino Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Camino Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Camino Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Camino Minerals Lagged Returns
When evaluating Camino Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Camino Minerals stock have on its future price. Camino Minerals 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, Camino Minerals autocorrelation shows the relationship between Camino Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Camino Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Camino Stock Analysis
When running Camino Minerals' price analysis, check to measure Camino Minerals' 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 Camino Minerals is operating at the current time. Most of Camino Minerals' value examination focuses on studying past and present price action to predict the probability of Camino Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camino Minerals' price. Additionally, you may evaluate how the addition of Camino Minerals to your portfolios can decrease your overall portfolio volatility.