Karnalyte Resources Stock Market Value
| KRN Stock | CAD 0.23 0.01 4.55% |
| Symbol | Karnalyte |
Karnalyte Resources Price To Book Ratio
Karnalyte 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 Karnalyte 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 Karnalyte Resources.
| 02/28/2024 |
| 01/18/2026 |
If you would invest 0.00 in Karnalyte Resources on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Karnalyte Resources or generate 0.0% return on investment in Karnalyte Resources over 690 days. Karnalyte Resources is related to or competes with Coloured Ties, Melkior Resources, Coast Copper, Volcanic Gold, and Golden Minerals. Karnalyte Resources Inc. explores for and develops agricultural and industrial potash, and magnesium products in Canada More
Karnalyte 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 Karnalyte 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 Karnalyte Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.89 | |||
| Information Ratio | 0.1057 | |||
| Maximum Drawdown | 89.44 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 27.27 |
Karnalyte Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karnalyte Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Karnalyte Resources' standard deviation. In reality, there are many statistical measures that can use Karnalyte Resources historical prices to predict the future Karnalyte Resources' volatility.| Risk Adjusted Performance | 0.0879 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.1324 | |||
| Treynor Ratio | 0.2796 |
Karnalyte Resources Backtested Returns
Karnalyte Resources is out of control given 3 months investment horizon. Karnalyte Resources has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.84% are justified by taking the suggested risk. Use Karnalyte Resources Risk Adjusted Performance of 0.0879, downside deviation of 10.89, and Mean Deviation of 8.62 to evaluate company specific risk that cannot be diversified away. Karnalyte Resources holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 5.48, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Karnalyte Resources will likely underperform. Use Karnalyte Resources maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on Karnalyte Resources.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Karnalyte Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Karnalyte Resources time series from 28th of February 2024 to 7th of February 2025 and 7th of February 2025 to 18th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Karnalyte Resources price movement. The serial correlation of -0.19 indicates that over 19.0% of current Karnalyte Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Karnalyte Resources lagged returns against current returns
Autocorrelation, which is Karnalyte 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 Karnalyte Resources' stock expected returns. We can calculate the autocorrelation of Karnalyte Resources returns to help us make a trade decision. For example, suppose you find that Karnalyte 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 |
Karnalyte 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 Karnalyte Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Karnalyte Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Karnalyte Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Karnalyte Resources Lagged Returns
When evaluating Karnalyte Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Karnalyte Resources stock have on its future price. Karnalyte 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, Karnalyte Resources autocorrelation shows the relationship between Karnalyte Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Karnalyte Resources.
Regressed Prices |
| Timeline |
Pair Trading with Karnalyte Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Karnalyte Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Karnalyte Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Karnalyte Stock
| 0.8 | AG | First Majestic Silver | PairCorr |
| 0.8 | ORE | Orezone Gold Corp | PairCorr |
| 0.64 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.81 | FDY | Faraday Copper Corp | PairCorr |
Moving against Karnalyte Stock
| 0.68 | AML | Argus Metals Corp | PairCorr |
| 0.47 | INFM | Infinico Metals Corp | PairCorr |
| 0.44 | URZ | Urz Energy Corp | PairCorr |
The ability to find closely correlated positions to Karnalyte Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Karnalyte Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Karnalyte Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Karnalyte Resources to buy it.
The correlation of Karnalyte Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Karnalyte Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Karnalyte Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Karnalyte Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Karnalyte Stock
Karnalyte Resources financial ratios help investors to determine whether Karnalyte 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 Karnalyte with respect to the benefits of owning Karnalyte Resources security.