Calibre Mining Corp Stock Market Value
| CXB Stock | CAD 2.35 0.04 1.73% |
| Symbol | Calibre |
Calibre Mining Corp Price To Book Ratio
Calibre 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 Calibre 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 Calibre Mining.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Calibre Mining on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Calibre Mining Corp or generate 0.0% return on investment in Calibre Mining over 30 days. Calibre Mining is related to or competes with OceanaGold, Equinox Gold, and K92 Mining. Calibre Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold p... More
Calibre 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 Calibre 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 Calibre Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 15.55 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 4.87 |
Calibre Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calibre Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calibre Mining's standard deviation. In reality, there are many statistical measures that can use Calibre Mining historical prices to predict the future Calibre Mining's volatility.| Risk Adjusted Performance | 0.0341 | |||
| Jensen Alpha | 0.1591 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.13) |
Calibre Mining Corp Backtested Returns
As of now, Calibre Stock is risky. Calibre Mining Corp secures Sharpe Ratio (or Efficiency) of 0.0182, which signifies that the company had a 0.0182% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Calibre Mining Corp, which you can use to evaluate the volatility of the firm. Please confirm Calibre Mining's Risk Adjusted Performance of 0.0341, downside deviation of 2.64, and Mean Deviation of 2.08 to double-check if the risk estimate we provide is consistent with the expected return of 0.049%. Calibre Mining has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Calibre Mining are expected to decrease at a much lower rate. During the bear market, Calibre Mining is likely to outperform the market. Calibre Mining Corp right now shows a risk of 2.69%. Please confirm Calibre Mining Corp jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Calibre Mining Corp will be following its price patterns.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Calibre Mining Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Calibre Mining time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Calibre Mining Corp price movement. The serial correlation of -0.77 indicates that around 77.0% of current Calibre Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Calibre Mining Corp lagged returns against current returns
Autocorrelation, which is Calibre 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 Calibre Mining's stock expected returns. We can calculate the autocorrelation of Calibre Mining returns to help us make a trade decision. For example, suppose you find that Calibre 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 |
Calibre 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 Calibre Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calibre Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calibre Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Calibre Mining Lagged Returns
When evaluating Calibre Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calibre Mining stock have on its future price. Calibre 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, Calibre Mining autocorrelation shows the relationship between Calibre Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Calibre Mining Corp.
Regressed Prices |
| Timeline |
Pair Trading with Calibre 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 Calibre 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 Calibre Mining will appreciate offsetting losses from the drop in the long position's value.Moving against Calibre Stock
The ability to find closely correlated positions to Calibre 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 Calibre 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 Calibre 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 Calibre Mining Corp to buy it.
The correlation of Calibre 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 Calibre Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calibre 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 Calibre 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 Calibre Stock
Calibre Mining financial ratios help investors to determine whether Calibre 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 Calibre with respect to the benefits of owning Calibre Mining security.