Mcchip Resources Stock Market Value
| MCS Stock | CAD 0.80 0.00 0.00% |
| Symbol | McChip |
McChip 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 McChip 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 McChip Resources.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in McChip Resources on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding McChip Resources or generate 0.0% return on investment in McChip Resources over 180 days. McChip Resources is related to or competes with InPlay Oil, Yangarra Resources, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. McChip Resources Inc. operates in the natural resource industry in Canada More
McChip 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 McChip 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 McChip Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1395 | |||
| Maximum Drawdown | 14.29 |
McChip Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McChip Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McChip Resources' standard deviation. In reality, there are many statistical measures that can use McChip Resources historical prices to predict the future McChip Resources' volatility.| Risk Adjusted Performance | 0.1559 | |||
| Jensen Alpha | 0.5014 | |||
| Total Risk Alpha | 0.078 | |||
| Treynor Ratio | (1.12) |
McChip Resources Backtested Returns
McChip Resources appears to be dangerous, given 3 months investment horizon. McChip Resources retains Efficiency (Sharpe Ratio) of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We have found seventeen technical indicators for McChip Resources, which you can use to evaluate the volatility of the firm. Please exercise McChip Resources' Coefficient Of Variation of 514.21, market risk adjusted performance of (1.11), and Mean Deviation of 0.8829 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, McChip Resources holds a performance score of 15. The company owns a Beta (Systematic Risk) of -0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning McChip Resources are expected to decrease at a much lower rate. During the bear market, McChip Resources is likely to outperform the market. Please check McChip Resources' information ratio, as well as the relationship between the kurtosis and relative strength index , to make a quick decision on whether McChip Resources' current price history will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
McChip Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between McChip Resources 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 McChip Resources price movement. The serial correlation of -0.74 indicates that around 74.0% of current McChip Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
McChip Resources lagged returns against current returns
Autocorrelation, which is McChip 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 McChip Resources' stock expected returns. We can calculate the autocorrelation of McChip Resources returns to help us make a trade decision. For example, suppose you find that McChip 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 |
McChip 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 McChip Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McChip Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McChip Resources stock over time.
Current vs Lagged Prices |
| Timeline |
McChip Resources Lagged Returns
When evaluating McChip Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McChip Resources stock have on its future price. McChip 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, McChip Resources autocorrelation shows the relationship between McChip Resources stock current value and its past values and can show if there is a momentum factor associated with investing in McChip Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for McChip Stock Analysis
When running McChip Resources' price analysis, check to measure McChip 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 McChip Resources is operating at the current time. Most of McChip Resources' value examination focuses on studying past and present price action to predict the probability of McChip Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McChip Resources' price. Additionally, you may evaluate how the addition of McChip Resources to your portfolios can decrease your overall portfolio volatility.