Canstar Resources Stock Market Value
| CSRNF Stock | USD 0.02 0.0002 0.90% |
| Symbol | Canstar |
Canstar 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 Canstar Resources' 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 Canstar Resources.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Canstar Resources on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Canstar Resources or generate 0.0% return on investment in Canstar Resources over 720 days. Canstar Resources is related to or competes with Ameriwest Lithium, and Osisko Metals. Canstar Resources Inc., a junior resource company, engages in the acquisition, exploration, and development of mineral p... More
Canstar 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 Canstar Resources' 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 Canstar Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 69.43 | |||
| Value At Risk | (13.98) | |||
| Potential Upside | 10.71 |
Canstar Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canstar Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canstar Resources' standard deviation. In reality, there are many statistical measures that can use Canstar Resources historical prices to predict the future Canstar Resources' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (1.94) | |||
| Treynor Ratio | 0.4142 |
Canstar Resources Backtested Returns
Canstar Resources secures Sharpe Ratio (or Efficiency) of -0.0511, which signifies that the company had a -0.0511% return per unit of risk over the last 3 months. Canstar Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canstar Resources' Risk Adjusted Performance of (0.03), standard deviation of 9.25, and Mean Deviation of 4.81 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.16, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Canstar Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Canstar Resources is expected to outperform it. At this point, Canstar Resources has a negative expected return of -0.48%. Please make sure to confirm Canstar Resources' value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Canstar Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Canstar Resources has modest reverse predictability. Overlapping area represents the amount of predictability between Canstar Resources time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Canstar Resources price movement. The serial correlation of -0.5 indicates that about 50.0% of current Canstar Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canstar Resources lagged returns against current returns
Autocorrelation, which is Canstar Resources 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 Canstar Resources' pink sheet expected returns. We can calculate the autocorrelation of Canstar Resources returns to help us make a trade decision. For example, suppose you find that Canstar Resources 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 |
Canstar 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 Canstar Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canstar Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canstar Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canstar Resources Lagged Returns
When evaluating Canstar Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canstar Resources pink sheet have on its future price. Canstar 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, Canstar Resources autocorrelation shows the relationship between Canstar Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canstar Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canstar Pink Sheet
Canstar Resources financial ratios help investors to determine whether Canstar Pink Sheet 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 Canstar with respect to the benefits of owning Canstar Resources security.