Canex Metals Stock Market Value
| NOMNF Stock | USD 0.17 0.01 6.25% |
| Symbol | CANEX |
CANEX Metals '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 CANEX Metals' 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 CANEX Metals.
| 12/11/2025 |
| 01/10/2026 |
If you would invest 0.00 in CANEX Metals on December 11, 2025 and sell it all today you would earn a total of 0.00 from holding CANEX Metals or generate 0.0% return on investment in CANEX Metals over 30 days. CANEX Metals is related to or competes with GMV Minerals, Delta Resources, Visible Gold, Irving Resources, and Goldbank Mining. CANEX Metals Inc. engages in the acquisition, exploration, and development of mineral properties More
CANEX Metals 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 CANEX Metals' 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 CANEX Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.34 | |||
| Information Ratio | 0.1212 | |||
| Maximum Drawdown | 110.11 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 30.0 |
CANEX Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CANEX Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CANEX Metals' standard deviation. In reality, there are many statistical measures that can use CANEX Metals historical prices to predict the future CANEX Metals' volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 2.27 | |||
| Total Risk Alpha | 0.2165 | |||
| Sortino Ratio | 0.0671 | |||
| Treynor Ratio | (1.20) |
CANEX Metals Backtested Returns
CANEX Metals is out of control given 3 months investment horizon. CANEX Metals secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14 % 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 2.41% are justified by taking the suggested risk. Use CANEX Metals Mean Deviation of 8.54, semi deviation of 10.93, and Coefficient Of Variation of 788.78 to evaluate company specific risk that cannot be diversified away. CANEX Metals holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.76, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CANEX Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, CANEX Metals is expected to outperform it. Use CANEX Metals treynor ratio and the relationship between the downside variance and day typical price , to analyze future returns on CANEX Metals.
Auto-correlation | -0.17 |
Insignificant reverse predictability
CANEX Metals has insignificant reverse predictability. Overlapping area represents the amount of predictability between CANEX Metals time series from 11th of December 2025 to 26th of December 2025 and 26th of December 2025 to 10th 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 CANEX Metals price movement. The serial correlation of -0.17 indicates that over 17.0% of current CANEX Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CANEX Metals lagged returns against current returns
Autocorrelation, which is CANEX Metals 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 CANEX Metals' pink sheet expected returns. We can calculate the autocorrelation of CANEX Metals returns to help us make a trade decision. For example, suppose you find that CANEX Metals 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 |
CANEX Metals 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 CANEX Metals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CANEX Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CANEX Metals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CANEX Metals Lagged Returns
When evaluating CANEX Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CANEX Metals pink sheet have on its future price. CANEX Metals 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, CANEX Metals autocorrelation shows the relationship between CANEX Metals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CANEX Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CANEX Pink Sheet
CANEX Metals financial ratios help investors to determine whether CANEX 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 CANEX with respect to the benefits of owning CANEX Metals security.