Cornish Metals Stock Market Value
| SBWFF Stock | USD 0.06 0.04 40.00% |
| Symbol | Cornish |
Cornish 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 Cornish 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 Cornish Metals.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Cornish Metals on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cornish Metals or generate 0.0% return on investment in Cornish Metals over 30 days. Cornish Metals is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Cornish Metals Inc. engages in the acquisition, evaluation, exploration, and development of mineral properties in North ... More
Cornish 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 Cornish 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 Cornish Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.18 | |||
| Information Ratio | 0.0119 | |||
| Maximum Drawdown | 77.5 | |||
| Value At Risk | (21.36) | |||
| Potential Upside | 25.29 |
Cornish Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornish Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornish Metals' standard deviation. In reality, there are many statistical measures that can use Cornish Metals historical prices to predict the future Cornish Metals' volatility.| Risk Adjusted Performance | 0.0262 | |||
| Jensen Alpha | 0.5068 | |||
| Total Risk Alpha | (1.79) | |||
| Sortino Ratio | 0.0074 | |||
| Treynor Ratio | (0.15) |
Cornish Metals Backtested Returns
Cornish Metals appears to be out of control, given 3 months investment horizon. Cornish Metals secures Sharpe Ratio (or Efficiency) of 0.0222, which signifies that the company had a 0.0222% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cornish Metals, which you can use to evaluate the volatility of the firm. Please makes use of Cornish Metals' Risk Adjusted Performance of 0.0262, downside deviation of 21.18, and Mean Deviation of 6.89 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cornish Metals holds a performance score of 1. The firm shows a Beta (market volatility) of -1.9, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cornish Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, Cornish Metals is expected to outperform it. Please check Cornish Metals' value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Cornish Metals' price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Cornish Metals has very weak reverse predictability. Overlapping area represents the amount of predictability between Cornish Metals time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Cornish Metals price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Cornish Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cornish Metals lagged returns against current returns
Autocorrelation, which is Cornish 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 Cornish Metals' pink sheet expected returns. We can calculate the autocorrelation of Cornish Metals returns to help us make a trade decision. For example, suppose you find that Cornish 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 |
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Cornish 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 Cornish Metals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornish 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 Cornish Metals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cornish Metals Lagged Returns
When evaluating Cornish Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornish Metals pink sheet have on its future price. Cornish 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, Cornish Metals autocorrelation shows the relationship between Cornish Metals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cornish Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cornish Pink Sheet
Cornish Metals financial ratios help investors to determine whether Cornish 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 Cornish with respect to the benefits of owning Cornish Metals security.