Cartier Resources Stock Market Value
| ECRFF Stock | USD 0.07 0.01 12.50% |
| Symbol | Cartier |
Cartier 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 Cartier Resources' pink sheet 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 Cartier Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cartier Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cartier Resources or generate 0.0% return on investment in Cartier Resources over 30 days. Cartier Resources is related to or competes with South32, NioCorp Developments, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Cartier Resources Inc. engages in the acquisition and exploration of mining properties in Canada More
Cartier 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 Cartier Resources' pink sheet 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 Cartier Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.47 | |||
| Information Ratio | 0.0843 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Cartier Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cartier Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cartier Resources' standard deviation. In reality, there are many statistical measures that can use Cartier Resources historical prices to predict the future Cartier Resources' volatility.| Risk Adjusted Performance | 0.0832 | |||
| Jensen Alpha | 1.41 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0646 | |||
| Treynor Ratio | (0.39) |
Cartier Resources Backtested Returns
Cartier Resources is out of control given 3 months investment horizon. Cartier Resources secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.47% are justified by taking the suggested risk. Use Cartier Resources Mean Deviation of 7.47, risk adjusted performance of 0.0832, and Downside Deviation of 14.47 to evaluate company specific risk that cannot be diversified away. Cartier Resources holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.73, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cartier Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Cartier Resources is expected to outperform it. Use Cartier Resources semi variance, day median price, and the relationship between the value at risk and kurtosis , to analyze future returns on Cartier Resources.
Auto-correlation | 0.73 |
Good predictability
Cartier Resources has good predictability. Overlapping area represents the amount of predictability between Cartier Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Cartier Resources price movement. The serial correlation of 0.73 indicates that around 73.0% of current Cartier Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cartier Resources lagged returns against current returns
Autocorrelation, which is Cartier Resources pink sheet'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 Cartier Resources' pink sheet expected returns. We can calculate the autocorrelation of Cartier Resources returns to help us make a trade decision. For example, suppose you find that Cartier Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Cartier 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 Cartier Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cartier Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cartier Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cartier Resources Lagged Returns
When evaluating Cartier Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cartier Resources pink sheet have on its future price. Cartier 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, Cartier Resources autocorrelation shows the relationship between Cartier Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cartier Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cartier Pink Sheet
Cartier Resources financial ratios help investors to determine whether Cartier Pink Sheet 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 Cartier with respect to the benefits of owning Cartier Resources security.