Keweenaw Land Association Stock Market Value
| KEWL Stock | USD 35.00 3.00 7.89% |
| Symbol | Keweenaw |
Keweenaw Land '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 Keweenaw Land'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 Keweenaw Land.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Keweenaw Land on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Keweenaw Land Association or generate 0.0% return on investment in Keweenaw Land over 30 days. Keweenaw Land is related to or competes with Anglo American, Glencore PLC, Fortescue Metals, South32, South32 ADR, Nexa Resources, and Materion. Keweenaw Land Association, Limited engages in the exploration and evaluation of mineral assets More
Keweenaw Land 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 Keweenaw Land'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 Keweenaw Land Association upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 18.74 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 7.01 |
Keweenaw Land Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keweenaw Land's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keweenaw Land's standard deviation. In reality, there are many statistical measures that can use Keweenaw Land historical prices to predict the future Keweenaw Land's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (3.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Keweenaw Land'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.
Keweenaw Land Association Backtested Returns
Keweenaw Land Association has Sharpe Ratio of -0.0393, which conveys that the firm had a -0.0393% return per unit of risk over the last 3 months. Keweenaw Land exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Keweenaw Land's Standard Deviation of 4.26, mean deviation of 2.74, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0733, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Keweenaw Land's returns are expected to increase less than the market. However, during the bear market, the loss of holding Keweenaw Land is expected to be smaller as well. At this point, Keweenaw Land Association has a negative expected return of -0.17%. Please make sure to verify Keweenaw Land's maximum drawdown, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Keweenaw Land Association performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Keweenaw Land Association has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Keweenaw Land time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Keweenaw Land Association price movement. The serial correlation of -0.77 indicates that around 77.0% of current Keweenaw Land price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
Keweenaw Land Association lagged returns against current returns
Autocorrelation, which is Keweenaw Land 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 Keweenaw Land's pink sheet expected returns. We can calculate the autocorrelation of Keweenaw Land returns to help us make a trade decision. For example, suppose you find that Keweenaw Land 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 |
Keweenaw Land 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 Keweenaw Land pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keweenaw Land pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keweenaw Land pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Keweenaw Land Lagged Returns
When evaluating Keweenaw Land's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keweenaw Land pink sheet have on its future price. Keweenaw Land 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, Keweenaw Land autocorrelation shows the relationship between Keweenaw Land pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Keweenaw Land Association.
Regressed Prices |
| Timeline |
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Keweenaw Land financial ratios help investors to determine whether Keweenaw 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 Keweenaw with respect to the benefits of owning Keweenaw Land security.