Kootenay Silver Stock Market Value
| KTN Stock | CAD 1.08 0.03 2.86% |
| Symbol | Kootenay |
Kootenay Silver Price To Book Ratio
Kootenay Silver '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 Kootenay Silver's 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 Kootenay Silver.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Kootenay Silver on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Kootenay Silver or generate 0.0% return on investment in Kootenay Silver over 180 days. Kootenay Silver is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Kootenay Silver Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral projects in the Sierra Madre Region of Mexico, and in British Columbia, Canada. More
Kootenay Silver 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 Kootenay Silver's 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 Kootenay Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.91 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 23.87 | |||
| Value At Risk | (5.83) | |||
| Potential Upside | 8.49 |
Kootenay Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kootenay Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kootenay Silver's standard deviation. In reality, there are many statistical measures that can use Kootenay Silver historical prices to predict the future Kootenay Silver's volatility.| Risk Adjusted Performance | 0.0205 | |||
| Jensen Alpha | 0.0496 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.5859 |
Kootenay Silver Backtested Returns
At this stage we consider Kootenay Stock to be extremely dangerous. Kootenay Silver has Sharpe Ratio of 0.0129, which conveys that the firm had a 0.0129% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kootenay Silver, which you can use to evaluate the volatility of the firm. Please verify Kootenay Silver's Downside Deviation of 3.91, risk adjusted performance of 0.0205, and Mean Deviation of 3.56 to check out if the risk estimate we provide is consistent with the expected return of 0.059%. Kootenay Silver has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kootenay Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kootenay Silver is expected to be smaller as well. Kootenay Silver right now secures a risk of 4.59%. Please verify Kootenay Silver treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Kootenay Silver will be following its current price movements.
Auto-correlation | -0.36 |
Poor reverse predictability
Kootenay Silver has poor reverse predictability. Overlapping area represents the amount of predictability between Kootenay Silver time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Kootenay Silver price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Kootenay Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Kootenay Silver lagged returns against current returns
Autocorrelation, which is Kootenay Silver 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 Kootenay Silver's stock expected returns. We can calculate the autocorrelation of Kootenay Silver returns to help us make a trade decision. For example, suppose you find that Kootenay Silver 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 |
Kootenay Silver 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 Kootenay Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kootenay Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kootenay Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Kootenay Silver Lagged Returns
When evaluating Kootenay Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kootenay Silver stock have on its future price. Kootenay Silver 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, Kootenay Silver autocorrelation shows the relationship between Kootenay Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Kootenay Silver.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Kootenay Stock Analysis
When running Kootenay Silver's price analysis, check to measure Kootenay Silver's 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 Kootenay Silver is operating at the current time. Most of Kootenay Silver's value examination focuses on studying past and present price action to predict the probability of Kootenay Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kootenay Silver's price. Additionally, you may evaluate how the addition of Kootenay Silver to your portfolios can decrease your overall portfolio volatility.