Edison Cobalt Corp Stock Market Value
| EDDYF Stock | USD 0.07 0.01 10.51% |
| Symbol | Edison |
Edison Cobalt '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 Edison Cobalt's 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 Edison Cobalt.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Edison Cobalt on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Edison Cobalt Corp or generate 0.0% return on investment in Edison Cobalt over 30 days. Edison Cobalt is related to or competes with Aurelia Metals, Centaurus Metals, and Adriatic Metals. Edison Lithium Corp., a junior mining exploration company, engages in the procurement, exploration, and development of m... More
Edison Cobalt 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 Edison Cobalt's 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 Edison Cobalt Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.9 | |||
| Information Ratio | 0.0324 | |||
| Maximum Drawdown | 87.64 | |||
| Value At Risk | (16.53) | |||
| Potential Upside | 31.94 |
Edison Cobalt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edison Cobalt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edison Cobalt's standard deviation. In reality, there are many statistical measures that can use Edison Cobalt historical prices to predict the future Edison Cobalt's volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | 0.5953 | |||
| Total Risk Alpha | (1.18) | |||
| Sortino Ratio | 0.0202 | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Edison Cobalt's 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.
Edison Cobalt Corp Backtested Returns
Edison Cobalt appears to be out of control, given 3 months investment horizon. Edison Cobalt Corp secures Sharpe Ratio (or Efficiency) of 0.0408, which denotes the company had a 0.0408% return per unit of risk over the last 3 months. By reviewing Edison Cobalt's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Edison Cobalt's Downside Deviation of 20.9, mean deviation of 5.36, and Coefficient Of Variation of 2449.03 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Edison Cobalt holds a performance score of 3. The firm shows a Beta (market volatility) of -0.73, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Edison Cobalt are expected to decrease at a much lower rate. During the bear market, Edison Cobalt is likely to outperform the market. Please check Edison Cobalt's jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Edison Cobalt's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Edison Cobalt Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Edison Cobalt time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Edison Cobalt Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Edison Cobalt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Edison Cobalt Corp lagged returns against current returns
Autocorrelation, which is Edison Cobalt 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 Edison Cobalt's pink sheet expected returns. We can calculate the autocorrelation of Edison Cobalt returns to help us make a trade decision. For example, suppose you find that Edison Cobalt 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 |
Edison Cobalt 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 Edison Cobalt pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edison Cobalt pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edison Cobalt pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Edison Cobalt Lagged Returns
When evaluating Edison Cobalt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edison Cobalt pink sheet have on its future price. Edison Cobalt 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, Edison Cobalt autocorrelation shows the relationship between Edison Cobalt pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Edison Cobalt Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Edison Pink Sheet
Edison Cobalt financial ratios help investors to determine whether Edison 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 Edison with respect to the benefits of owning Edison Cobalt security.