Capstone Mining Corp Stock Market Value
| CS Stock | CAD 8.64 0.15 1.71% |
| Symbol | Capstone |
Capstone Mining Corp Price To Book Ratio
Capstone Mining '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 Capstone Mining's 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 Capstone Mining.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Capstone Mining on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Capstone Mining Corp or generate 0.0% return on investment in Capstone Mining over 30 days. Capstone Mining is related to or competes with Atrium Mortgage, InPlay Oil, Plaza Retail, Diversified Royalty, and CNJ Capital. Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and... More
Capstone Mining 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 Capstone Mining's 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 Capstone Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 4.26 |
Capstone Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capstone Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capstone Mining's standard deviation. In reality, there are many statistical measures that can use Capstone Mining historical prices to predict the future Capstone Mining's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (3.00) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capstone Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Capstone Mining Corp Backtested Returns
Capstone Mining Corp secures Sharpe Ratio (or Efficiency) of -0.0797, which signifies that the company had a -0.0797 % return per unit of risk over the last 3 months. Capstone Mining Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Capstone Mining's Risk Adjusted Performance of (0.04), mean deviation of 1.99, and Standard Deviation of 2.53 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.062, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Capstone Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capstone Mining is expected to be smaller as well. At this point, Capstone Mining Corp has a negative expected return of -0.2%. Please make sure to confirm Capstone Mining's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Capstone Mining Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Capstone Mining Corp has good reverse predictability. Overlapping area represents the amount of predictability between Capstone Mining time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Capstone Mining Corp price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Capstone Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Capstone Mining Corp lagged returns against current returns
Autocorrelation, which is Capstone Mining 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 Capstone Mining's stock expected returns. We can calculate the autocorrelation of Capstone Mining returns to help us make a trade decision. For example, suppose you find that Capstone Mining 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 |
Capstone Mining 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 Capstone Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capstone Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capstone Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Capstone Mining Lagged Returns
When evaluating Capstone Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capstone Mining stock have on its future price. Capstone Mining 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, Capstone Mining autocorrelation shows the relationship between Capstone Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Capstone Mining Corp.
Regressed Prices |
| Timeline |
Pair Trading with Capstone Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Capstone Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Capstone Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Capstone Stock
| 0.72 | AG | First Majestic Silver | PairCorr |
| 0.9 | IE | Ivanhoe Energy | PairCorr |
| 0.83 | FDY | Faraday Copper Corp | PairCorr |
Moving against Capstone Stock
| 0.85 | AMZN | Amazon CDR | PairCorr |
| 0.83 | OIII | O3 Mining | PairCorr |
| 0.82 | GOOG | Alphabet CDR | PairCorr |
| 0.74 | META | Meta Platforms CDR | PairCorr |
| 0.7 | FDR | Flinders Resources | PairCorr |
The ability to find closely correlated positions to Capstone Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capstone Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Capstone Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Capstone Mining Corp to buy it.
The correlation of Capstone Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Capstone Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capstone Mining Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Capstone Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Capstone Stock
Capstone Mining financial ratios help investors to determine whether Capstone 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 Capstone with respect to the benefits of owning Capstone Mining security.