Decade Resources Stock Market Value
| DEC Stock | CAD 0.04 0.01 33.33% |
| Symbol | Decade |
Decade Resources Price To Book Ratio
Decade 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 Decade 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 Decade Resources.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Decade Resources on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Decade Resources or generate 0.0% return on investment in Decade Resources over 30 days. Decade Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral ... More
Decade 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 Decade 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 Decade Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.03 | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Decade Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Decade Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Decade Resources' standard deviation. In reality, there are many statistical measures that can use Decade Resources historical prices to predict the future Decade Resources' volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.4539 | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.44) |
Decade Resources Backtested Returns
Decade Resources appears to be out of control, given 3 months investment horizon. Decade Resources secures Sharpe Ratio (or Efficiency) of 0.0436, which denotes the company had a 0.0436% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Decade Resources, which you can use to evaluate the volatility of the firm. Please utilize Decade Resources' Standard Deviation of 8.89, mean deviation of 3.68, and Coefficient Of Variation of 2345.84 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Decade Resources holds a performance score of 3. The firm shows a Beta (market volatility) of -0.84, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Decade Resources are expected to decrease at a much lower rate. During the bear market, Decade Resources is likely to outperform the market. Please check Decade Resources' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to make a quick decision on whether Decade Resources' price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Decade Resources has insignificant predictability. Overlapping area represents the amount of predictability between Decade Resources time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Decade Resources price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Decade Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Decade Resources lagged returns against current returns
Autocorrelation, which is Decade 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 Decade Resources' stock expected returns. We can calculate the autocorrelation of Decade Resources returns to help us make a trade decision. For example, suppose you find that Decade 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 |
Decade 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 Decade Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Decade Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Decade Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Decade Resources Lagged Returns
When evaluating Decade Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Decade Resources stock have on its future price. Decade 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, Decade Resources autocorrelation shows the relationship between Decade Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Decade Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Decade Stock Analysis
When running Decade Resources' price analysis, check to measure Decade 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 Decade Resources is operating at the current time. Most of Decade Resources' value examination focuses on studying past and present price action to predict the probability of Decade Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decade Resources' price. Additionally, you may evaluate how the addition of Decade Resources to your portfolios can decrease your overall portfolio volatility.