Delta Resources Stock Market Value
| DLTA Stock | CAD 0.17 0.01 6.25% |
| Symbol | Delta |
Delta 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 Delta 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 Delta Resources.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Delta Resources on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Resources or generate 0.0% return on investment in Delta Resources over 570 days. Delta Resources is related to or competes with OnGold Resources, Viva Gold, Sentry Select, Orecap Invest, and Sirios Resources. Delta Resources Limited, a mineral exploration company, engages in the acquisition, exploration, and development of gold... More
Delta 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 Delta 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 Delta Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.55 | |||
| Information Ratio | 0.0529 | |||
| Maximum Drawdown | 36.76 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.67 |
Delta Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Resources' standard deviation. In reality, there are many statistical measures that can use Delta Resources historical prices to predict the future Delta Resources' volatility.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | 0.2582 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0368 | |||
| Treynor Ratio | 0.2558 |
Delta Resources Backtested Returns
Delta Resources appears to be out of control, given 3 months investment horizon. Delta Resources secures Sharpe Ratio (or Efficiency) of 0.0842, which denotes the company had a 0.0842 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Delta Resources, which you can use to evaluate the volatility of the firm. Please utilize Delta Resources' Coefficient Of Variation of 1509.33, mean deviation of 2.83, and Downside Deviation of 7.55 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Delta Resources holds a performance score of 6. The firm shows a Beta (market volatility) of 1.32, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Delta Resources will likely underperform. Please check Delta Resources' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Delta Resources' price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Delta Resources has below average predictability. Overlapping area represents the amount of predictability between Delta Resources time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Delta Resources price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Delta Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delta Resources lagged returns against current returns
Autocorrelation, which is Delta 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 Delta Resources' stock expected returns. We can calculate the autocorrelation of Delta Resources returns to help us make a trade decision. For example, suppose you find that Delta 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 |
Delta 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 Delta Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Resources Lagged Returns
When evaluating Delta Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Resources stock have on its future price. Delta 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, Delta Resources autocorrelation shows the relationship between Delta Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Delta Stock Analysis
When running Delta Resources' price analysis, check to measure Delta 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 Delta Resources is operating at the current time. Most of Delta Resources' value examination focuses on studying past and present price action to predict the probability of Delta Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Resources' price. Additionally, you may evaluate how the addition of Delta Resources to your portfolios can decrease your overall portfolio volatility.