Diamond Fields Resources Stock Market Value
| DFR Stock | CAD 0.04 0.01 16.67% |
| Symbol | Diamond |
Diamond Fields '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 Diamond Fields' 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 Diamond Fields.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Diamond Fields on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Diamond Fields Resources or generate 0.0% return on investment in Diamond Fields over 720 days. Diamond Fields is related to or competes with Diamond Estates, Data Communications, Ramp Metals, HPQ Silicon, and Gfl Environmental. Diamond Fields Resources Inc. explores for and evaluates mineral properties in Namibia, Madagascar, and the Red Sea More
Diamond Fields 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 Diamond Fields' 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 Diamond Fields Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 41.67 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Diamond Fields Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Fields' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Fields' standard deviation. In reality, there are many statistical measures that can use Diamond Fields historical prices to predict the future Diamond Fields' volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | (0.11) |
Diamond Fields Resources Backtested Returns
At this stage we consider Diamond Stock to be out of control. Diamond Fields Resources secures Sharpe Ratio (or Efficiency) of 0.0103, which denotes the company had a 0.0103% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Diamond Fields Resources, which you can use to evaluate the volatility of the firm. Please confirm Diamond Fields' Mean Deviation of 3.79, coefficient of variation of (8,107), and Standard Deviation of 7.56 to check if the risk estimate we provide is consistent with the expected return of 0.0775%. The firm shows a Beta (market volatility) of 0.95, which means possible diversification benefits within a given portfolio. Diamond Fields returns are very sensitive to returns on the market. As the market goes up or down, Diamond Fields is expected to follow. Diamond Fields Resources right now shows a risk of 7.55%. Please confirm Diamond Fields Resources standard deviation and the relationship between the treynor ratio and day typical price , to decide if Diamond Fields Resources will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
Diamond Fields Resources has average predictability. Overlapping area represents the amount of predictability between Diamond Fields time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Diamond Fields Resources price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Diamond Fields price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diamond Fields Resources lagged returns against current returns
Autocorrelation, which is Diamond Fields 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 Diamond Fields' stock expected returns. We can calculate the autocorrelation of Diamond Fields returns to help us make a trade decision. For example, suppose you find that Diamond Fields 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 |
Diamond Fields 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 Diamond Fields stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Fields stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Fields stock over time.
Current vs Lagged Prices |
| Timeline |
Diamond Fields Lagged Returns
When evaluating Diamond Fields' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamond Fields stock have on its future price. Diamond Fields 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, Diamond Fields autocorrelation shows the relationship between Diamond Fields stock current value and its past values and can show if there is a momentum factor associated with investing in Diamond Fields Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Diamond Stock Analysis
When running Diamond Fields' price analysis, check to measure Diamond Fields' 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 Diamond Fields is operating at the current time. Most of Diamond Fields' value examination focuses on studying past and present price action to predict the probability of Diamond Fields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Fields' price. Additionally, you may evaluate how the addition of Diamond Fields to your portfolios can decrease your overall portfolio volatility.