Conquest Resources Stock Market Value
| CQR Stock | CAD 0.03 0.01 25.00% |
| Symbol | Conquest |
Conquest 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 Conquest Resources' 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 Conquest Resources.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Conquest Resources on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Conquest Resources or generate 0.0% return on investment in Conquest Resources over 90 days. Conquest Resources is related to or competes with MAG Silver, Vizsla Silver, Information Services, Arizona Gold, Globex Mining, Rubicon Organics, and Metalero Mining. Conquest Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of m... More
Conquest 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 Conquest Resources' 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 Conquest Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0117 | |||
| Maximum Drawdown | 83.33 |
Conquest Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conquest Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conquest Resources' standard deviation. In reality, there are many statistical measures that can use Conquest Resources historical prices to predict the future Conquest Resources' volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | 0.0506 |
Conquest Resources Backtested Returns
At this stage we consider Conquest Stock to be out of control. Conquest Resources secures Sharpe Ratio (or Efficiency) of 0.0142, which signifies that the company had a 0.0142% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Conquest Resources, which you can use to evaluate the volatility of the firm. Please confirm Conquest Resources' Mean Deviation of 3.26, standard deviation of 10.44, and Risk Adjusted Performance of 0.0278 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Conquest Resources has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 4.79, 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, Conquest Resources will likely underperform. Conquest Resources right now shows a risk of 9.29%. Please confirm Conquest Resources maximum drawdown, as well as the relationship between the rate of daily change and price action indicator , to decide if Conquest Resources will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Conquest Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Conquest Resources time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Conquest Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Conquest Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Conquest Resources lagged returns against current returns
Autocorrelation, which is Conquest Resources 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 Conquest Resources' stock expected returns. We can calculate the autocorrelation of Conquest Resources returns to help us make a trade decision. For example, suppose you find that Conquest Resources 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 |
Conquest 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 Conquest Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conquest Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conquest Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Conquest Resources Lagged Returns
When evaluating Conquest Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conquest Resources stock have on its future price. Conquest 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, Conquest Resources autocorrelation shows the relationship between Conquest Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Conquest Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Conquest Stock Analysis
When running Conquest Resources' price analysis, check to measure Conquest Resources' 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 Conquest Resources is operating at the current time. Most of Conquest Resources' value examination focuses on studying past and present price action to predict the probability of Conquest Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conquest Resources' price. Additionally, you may evaluate how the addition of Conquest Resources to your portfolios can decrease your overall portfolio volatility.