Prospector Metals Corp Stock Market Value
| PMCOF Stock | 0.07 0.01 6.25% |
| Symbol | Prospector |
Prospector 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 Prospector Metals' 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 Prospector Metals.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Prospector Metals on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Prospector Metals Corp or generate 0.0% return on investment in Prospector Metals over 720 days. Prospector Metals is related to or competes with Apple, Microsoft, Amazon, Alphabet, and Meta Platforms. More
Prospector 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 Prospector Metals' 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 Prospector Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.64 | |||
| Information Ratio | 0.036 | |||
| Maximum Drawdown | 80.0 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 28.57 |
Prospector Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prospector Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prospector Metals' standard deviation. In reality, there are many statistical measures that can use Prospector Metals historical prices to predict the future Prospector Metals' volatility.| Risk Adjusted Performance | 0.0437 | |||
| Jensen Alpha | 0.916 | |||
| Total Risk Alpha | (1.48) | |||
| Sortino Ratio | 0.0344 | |||
| Treynor Ratio | (0.24) |
Prospector Metals Corp Backtested Returns
Prospector Metals appears to be out of control, given 3 months investment horizon. Prospector Metals Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0459, which implies the firm had a 0.0459% return per unit of risk over the last 3 months. By analyzing Prospector Metals' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please evaluate Prospector Metals' Semi Deviation of 9.32, coefficient of variation of 2228.77, and Risk Adjusted Performance of 0.0437 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prospector Metals holds a performance score of 3. The company holds a Beta of -2.61, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Prospector Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, Prospector Metals is expected to outperform it. Please check Prospector Metals' maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Prospector Metals' historical price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Prospector Metals Corp has good predictability. Overlapping area represents the amount of predictability between Prospector Metals time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 Prospector Metals Corp price movement. The serial correlation of 0.66 indicates that around 66.0% of current Prospector Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prospector Metals Corp lagged returns against current returns
Autocorrelation, which is Prospector Metals 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 Prospector Metals' otc stock expected returns. We can calculate the autocorrelation of Prospector Metals returns to help us make a trade decision. For example, suppose you find that Prospector Metals 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 |
Prospector 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 Prospector Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prospector Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prospector Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Prospector Metals Lagged Returns
When evaluating Prospector Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prospector Metals otc stock have on its future price. Prospector 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, Prospector Metals autocorrelation shows the relationship between Prospector Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Prospector Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Prospector OTC Stock
Prospector Metals financial ratios help investors to determine whether Prospector 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 Prospector with respect to the benefits of owning Prospector Metals security.