Phenom Resources Corp Stock Market Value
| PHNMF Stock | USD 0.28 0.02 6.67% |
| Symbol | Phenom |
Phenom 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 Phenom Resources' 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 Phenom Resources.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Phenom Resources on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Phenom Resources Corp or generate 0.0% return on investment in Phenom Resources over 30 days. Phenom Resources is related to or competes with White Gold, Revival Gold, Irving Resources, Lion One, and Robex Resources. Phenom Resources Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in Can... More
Phenom 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 Phenom Resources' 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 Phenom Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.25 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 26.41 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 8.57 |
Phenom Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phenom Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phenom Resources' standard deviation. In reality, there are many statistical measures that can use Phenom Resources historical prices to predict the future Phenom Resources' volatility.| Risk Adjusted Performance | 0.0089 | |||
| Jensen Alpha | 0.0915 | |||
| Total Risk Alpha | (0.75) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0086 |
Phenom Resources Corp Backtested Returns
At this point, Phenom Resources is out of control. Phenom Resources Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0111, which implies the firm had a 0.0111% return per unit of risk over the last 3 months. We have found thirty technical indicators for Phenom Resources Corp, which you can use to evaluate the volatility of the company. Please check Phenom Resources' Risk Adjusted Performance of 0.0089, coefficient of variation of 158213.42, and Semi Deviation of 3.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.0522%. The company holds a Beta of -0.82, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Phenom Resources are expected to decrease at a much lower rate. During the bear market, Phenom Resources is likely to outperform the market. Phenom Resources Corp right now holds a risk of 4.71%. Please check Phenom Resources Corp semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to decide if Phenom Resources Corp will be following its historical price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Phenom Resources Corp has virtually no predictability. Overlapping area represents the amount of predictability between Phenom Resources 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 Phenom Resources Corp price movement. The serial correlation of 0.03 indicates that only 3.0% of current Phenom Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Phenom Resources Corp lagged returns against current returns
Autocorrelation, which is Phenom Resources 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 Phenom Resources' otc stock expected returns. We can calculate the autocorrelation of Phenom Resources returns to help us make a trade decision. For example, suppose you find that Phenom Resources 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 |
Phenom 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 Phenom Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phenom Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phenom Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Phenom Resources Lagged Returns
When evaluating Phenom Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phenom Resources otc stock have on its future price. Phenom 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, Phenom Resources autocorrelation shows the relationship between Phenom Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Phenom Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Phenom OTC Stock
Phenom Resources financial ratios help investors to determine whether Phenom 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 Phenom with respect to the benefits of owning Phenom Resources security.