Kenorland Minerals Stock Market Value
| KLDCF Stock | USD 0.76 0.02 2.56% |
| Symbol | Kenorland |
Kenorland Minerals '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 Kenorland Minerals' 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 Kenorland Minerals.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Kenorland Minerals on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kenorland Minerals or generate 0.0% return on investment in Kenorland Minerals over 30 days. Kenorland Minerals is related to or competes with Ameriwest Lithium, and Osisko Metals. Kenorland Minerals Ltd., a mineral exploration Company, engages in the acquisition and exploration of precious metal min... More
Kenorland Minerals 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 Kenorland Minerals' 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 Kenorland Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.07 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 5.06 |
Kenorland Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kenorland Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kenorland Minerals' standard deviation. In reality, there are many statistical measures that can use Kenorland Minerals historical prices to predict the future Kenorland Minerals' volatility.| Risk Adjusted Performance | 0.0036 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kenorland Minerals' 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.
Kenorland Minerals Backtested Returns
At this point, Kenorland Minerals is extremely dangerous. Kenorland Minerals has Sharpe Ratio of 0.0214, which conveys that the firm had a 0.0214% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Kenorland Minerals, which you can use to evaluate the volatility of the firm. Please verify Kenorland Minerals' Risk Adjusted Performance of 0.0036, mean deviation of 2.05, and Standard Deviation of 2.94 to check out if the risk estimate we provide is consistent with the expected return of 0.0615%. Kenorland Minerals has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kenorland Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kenorland Minerals is expected to be smaller as well. Kenorland Minerals right now secures a risk of 2.88%. Please verify Kenorland Minerals value at risk and the relationship between the kurtosis and price action indicator , to decide if Kenorland Minerals will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
Kenorland Minerals has no correlation between past and present. Overlapping area represents the amount of predictability between Kenorland Minerals 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 Kenorland Minerals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Kenorland Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kenorland Minerals lagged returns against current returns
Autocorrelation, which is Kenorland Minerals 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 Kenorland Minerals' otc stock expected returns. We can calculate the autocorrelation of Kenorland Minerals returns to help us make a trade decision. For example, suppose you find that Kenorland Minerals 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 |
Kenorland Minerals 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 Kenorland Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kenorland Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kenorland Minerals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Kenorland Minerals Lagged Returns
When evaluating Kenorland Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kenorland Minerals otc stock have on its future price. Kenorland Minerals 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, Kenorland Minerals autocorrelation shows the relationship between Kenorland Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Kenorland Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kenorland OTC Stock
Kenorland Minerals financial ratios help investors to determine whether Kenorland 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 Kenorland with respect to the benefits of owning Kenorland Minerals security.