ValOre Metals (Germany) Market Value
| KEQ0 Stock | EUR 0.04 0 8.00% |
| Symbol | ValOre |
ValOre 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 ValOre Metals' 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 ValOre Metals.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in ValOre Metals on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding ValOre Metals Corp or generate 0.0% return on investment in ValOre Metals over 30 days. ValOre Metals is related to or competes with JSC National, NexGen Energy, Ur Energy, URANIUM ROYALTY, and Bannerman Resources. ValOre Metals Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development ... More
ValOre 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 ValOre Metals' 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 ValOre Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.34 | |||
| Information Ratio | 0.1369 | |||
| Maximum Drawdown | 91.35 | |||
| Value At Risk | (16.87) | |||
| Potential Upside | 28.0 |
ValOre Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ValOre Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ValOre Metals' standard deviation. In reality, there are many statistical measures that can use ValOre Metals historical prices to predict the future ValOre Metals' volatility.| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | 3.02 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.1768 | |||
| Treynor Ratio | (0.52) |
ValOre Metals Corp Backtested Returns
ValOre Metals is out of control given 3 months investment horizon. ValOre Metals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We were able to break down and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.51% are justified by taking the suggested risk. Use ValOre Metals Corp Coefficient Of Variation of 693.72, risk adjusted performance of 0.1137, and Semi Deviation of 9.93 to evaluate company specific risk that cannot be diversified away. ValOre Metals holds a performance score of 11 on a scale of zero to a hundred. The entity has a beta of -4.8, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ValOre Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, ValOre Metals is expected to outperform it. Use ValOre Metals Corp total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on ValOre Metals Corp.
Auto-correlation | 0.57 |
Modest predictability
ValOre Metals Corp has modest predictability. Overlapping area represents the amount of predictability between ValOre Metals time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 ValOre Metals Corp price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current ValOre Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ValOre Metals Corp lagged returns against current returns
Autocorrelation, which is ValOre Metals 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 ValOre Metals' stock expected returns. We can calculate the autocorrelation of ValOre Metals returns to help us make a trade decision. For example, suppose you find that ValOre Metals 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 |
ValOre 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 ValOre Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ValOre Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ValOre Metals stock over time.
Current vs Lagged Prices |
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ValOre Metals Lagged Returns
When evaluating ValOre Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ValOre Metals stock have on its future price. ValOre 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, ValOre Metals autocorrelation shows the relationship between ValOre Metals stock current value and its past values and can show if there is a momentum factor associated with investing in ValOre Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ValOre Stock
ValOre Metals financial ratios help investors to determine whether ValOre 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 ValOre with respect to the benefits of owning ValOre Metals security.