Kesselrun Resources Stock Market Value
| KES Stock | CAD 0.04 0.01 12.50% |
| Symbol | Kesselrun |
Kesselrun Resources Price To Book Ratio
Kesselrun 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 Kesselrun 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 Kesselrun Resources.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Kesselrun Resources on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kesselrun Resources or generate 0.0% return on investment in Kesselrun Resources over 30 days. Kesselrun Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
Kesselrun 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 Kesselrun 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 Kesselrun Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 42.22 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 14.29 |
Kesselrun Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kesselrun Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kesselrun Resources' standard deviation. In reality, there are many statistical measures that can use Kesselrun Resources historical prices to predict the future Kesselrun Resources' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (1.78) | |||
| Treynor Ratio | 0.2999 |
Kesselrun Resources Backtested Returns
Kesselrun Resources has Sharpe Ratio of -0.0189, which conveys that the firm had a -0.0189% return per unit of risk over the last 3 months. Kesselrun Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kesselrun Resources' Standard Deviation of 9.21, risk adjusted performance of (0.02), and Mean Deviation of 6.52 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.32, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Kesselrun Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Kesselrun Resources is expected to outperform it. At this point, Kesselrun Resources has a negative expected return of -0.17%. Please make sure to verify Kesselrun Resources' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Kesselrun Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Kesselrun Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kesselrun Resources 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 Kesselrun Resources price movement. The serial correlation of -0.16 indicates that over 16.0% of current Kesselrun Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kesselrun Resources lagged returns against current returns
Autocorrelation, which is Kesselrun 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 Kesselrun Resources' stock expected returns. We can calculate the autocorrelation of Kesselrun Resources returns to help us make a trade decision. For example, suppose you find that Kesselrun 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 |
Kesselrun 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 Kesselrun Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kesselrun Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kesselrun Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Kesselrun Resources Lagged Returns
When evaluating Kesselrun Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kesselrun Resources stock have on its future price. Kesselrun 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, Kesselrun Resources autocorrelation shows the relationship between Kesselrun Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Kesselrun Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Kesselrun Stock Analysis
When running Kesselrun Resources' price analysis, check to measure Kesselrun 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 Kesselrun Resources is operating at the current time. Most of Kesselrun Resources' value examination focuses on studying past and present price action to predict the probability of Kesselrun Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kesselrun Resources' price. Additionally, you may evaluate how the addition of Kesselrun Resources to your portfolios can decrease your overall portfolio volatility.