Heliostar Metals Stock Market Value
| HSTXF Stock | USD 0.44 0.01 2.22% |
| Symbol | Heliostar |
Heliostar 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 Heliostar 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 Heliostar Metals.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Heliostar Metals on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Heliostar Metals or generate 0.0% return on investment in Heliostar Metals over 30 days. Heliostar Metals is related to or competes with Revival Gold, Cabral Gold, Cassiar Gold, Independence Gold, and Snowline Gold. Heliostar Metals Ltd. engages in the acquisition, exploration, and development of mineral properties in North America More
Heliostar 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 Heliostar 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 Heliostar Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.57 | |||
| Information Ratio | 0.1569 | |||
| Maximum Drawdown | 28.41 | |||
| Value At Risk | (8.16) | |||
| Potential Upside | 9.76 |
Heliostar Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heliostar Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heliostar Metals' standard deviation. In reality, there are many statistical measures that can use Heliostar Metals historical prices to predict the future Heliostar Metals' volatility.| Risk Adjusted Performance | 0.1455 | |||
| Jensen Alpha | 0.9762 | |||
| Total Risk Alpha | 0.1523 | |||
| Sortino Ratio | 0.1636 | |||
| Treynor Ratio | 2.37 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heliostar 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.
Heliostar Metals Backtested Returns
Heliostar Metals is out of control given 3 months investment horizon. Heliostar Metals holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use Heliostar Metals Market Risk Adjusted Performance of 2.38, risk adjusted performance of 0.1455, and Downside Deviation of 5.57 to evaluate company specific risk that cannot be diversified away. Heliostar Metals holds a performance score of 14 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Heliostar Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Heliostar Metals is expected to be smaller as well. Use Heliostar Metals treynor ratio and the relationship between the semi variance and price action indicator , to analyze future returns on Heliostar Metals.
Auto-correlation | -0.58 |
Good reverse predictability
Heliostar Metals has good reverse predictability. Overlapping area represents the amount of predictability between Heliostar Metals time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Heliostar Metals price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Heliostar Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Heliostar Metals lagged returns against current returns
Autocorrelation, which is Heliostar 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 Heliostar Metals' otc stock expected returns. We can calculate the autocorrelation of Heliostar Metals returns to help us make a trade decision. For example, suppose you find that Heliostar 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 |
Heliostar 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 Heliostar Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heliostar 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 Heliostar Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Heliostar Metals Lagged Returns
When evaluating Heliostar Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heliostar Metals otc stock have on its future price. Heliostar 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, Heliostar Metals autocorrelation shows the relationship between Heliostar Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Heliostar Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Heliostar OTC Stock
Heliostar Metals financial ratios help investors to determine whether Heliostar 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 Heliostar with respect to the benefits of owning Heliostar Metals security.