Defense Metals Corp Stock Market Value
| DFMTF Stock | USD 0.07 0 1.32% |
| Symbol | Defense |
Defense Metals '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 Defense Metals' otc 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 Defense Metals.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Defense Metals on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Defense Metals Corp or generate 0.0% return on investment in Defense Metals over 30 days. Defense Metals is related to or competes with Aurelia Metals, Centaurus Metals, and Adriatic Metals. Defense Metals Corp., engages in the acquisition, exploration, development, and evaluation of mineral properties in Cana... More
Defense Metals 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 Defense Metals' otc 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 Defense Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 38.65 | |||
| Value At Risk | (12.00) | |||
| Potential Upside | 12.0 |
Defense Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defense Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defense Metals' standard deviation. In reality, there are many statistical measures that can use Defense Metals historical prices to predict the future Defense Metals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (1.48) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Defense Metals' 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.
Defense Metals Corp Backtested Returns
Defense Metals appears to be out of control, given 3 months investment horizon. Defense Metals Corp secures Sharpe Ratio (or Efficiency) of 0.0411, which denotes the company had a 0.0411% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Defense Metals Corp, which you can use to evaluate the volatility of the firm. Please utilize Defense Metals' Standard Deviation of 7.78, mean deviation of 5.4, and Variance of 60.49 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Defense Metals holds a performance score of 3. The firm shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, Defense Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Defense Metals is expected to be smaller as well. Please check Defense Metals' jensen alpha and the relationship between the potential upside and price action indicator , to make a quick decision on whether Defense Metals' price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Defense Metals Corp has good predictability. Overlapping area represents the amount of predictability between Defense Metals time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Defense Metals Corp price movement. The serial correlation of 0.79 indicates that around 79.0% of current Defense Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Defense Metals Corp lagged returns against current returns
Autocorrelation, which is Defense Metals otc 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 Defense Metals' otc stock expected returns. We can calculate the autocorrelation of Defense Metals returns to help us make a trade decision. For example, suppose you find that Defense Metals has exhibited high autocorrelation historically, and you observe that the otc 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 |
Defense Metals 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 Defense Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defense Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defense Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Defense Metals Lagged Returns
When evaluating Defense Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defense Metals otc stock have on its future price. Defense Metals 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, Defense Metals autocorrelation shows the relationship between Defense Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Defense Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Defense OTC Stock
Defense Metals financial ratios help investors to determine whether Defense OTC 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 Defense with respect to the benefits of owning Defense Metals security.