STELMINE CANADA (Germany) Market Value
| SS5 Stock | 0.0005 0.01 95.00% |
| Symbol | STELMINE |
Please note, there is a significant difference between STELMINE CANADA's value and its price as these two are different measures arrived at by different means. Investors typically determine if STELMINE CANADA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STELMINE CANADA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
STELMINE CANADA '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 STELMINE CANADA's 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 STELMINE CANADA.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in STELMINE CANADA on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding STELMINE CANADA LTD or generate 0.0% return on investment in STELMINE CANADA over 30 days. STELMINE CANADA is related to or competes with Cogent Communications, Gamma Communications, Singapore Telecommunicatio, KRISPY KREME, Spirent Communications, and Charter Communications. More
STELMINE CANADA 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 STELMINE CANADA's 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 STELMINE CANADA LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 74.26 | |||
| Information Ratio | 0.3142 | |||
| Maximum Drawdown | 1995.0 | |||
| Value At Risk | (95.00) | |||
| Potential Upside | 700.0 |
STELMINE CANADA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STELMINE CANADA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STELMINE CANADA's standard deviation. In reality, there are many statistical measures that can use STELMINE CANADA historical prices to predict the future STELMINE CANADA's volatility.| Risk Adjusted Performance | 0.2512 | |||
| Jensen Alpha | 134.39 | |||
| Total Risk Alpha | 67.45 | |||
| Sortino Ratio | 1.82 | |||
| Treynor Ratio | 22.23 |
STELMINE CANADA LTD Backtested Returns
STELMINE CANADA is out of control given 3 months investment horizon. STELMINE CANADA LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.34, which indicates the firm had a 0.34% return per unit of volatility over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 93.62% are justified by taking the suggested risk. Use STELMINE CANADA LTD risk adjusted performance of 0.2512, and Coefficient Of Variation of 317.99 to evaluate company specific risk that cannot be diversified away. STELMINE CANADA holds a performance score of 26 on a scale of zero to a hundred. The entity has a beta of 6.08, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, STELMINE CANADA will likely underperform. Use STELMINE CANADA LTD information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on STELMINE CANADA LTD.
Auto-correlation | 0.34 |
Below average predictability
STELMINE CANADA LTD has below average predictability. Overlapping area represents the amount of predictability between STELMINE CANADA time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 STELMINE CANADA LTD price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current STELMINE CANADA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
STELMINE CANADA LTD lagged returns against current returns
Autocorrelation, which is STELMINE CANADA 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 STELMINE CANADA's stock expected returns. We can calculate the autocorrelation of STELMINE CANADA returns to help us make a trade decision. For example, suppose you find that STELMINE CANADA 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 |
STELMINE CANADA 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 STELMINE CANADA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STELMINE CANADA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STELMINE CANADA stock over time.
Current vs Lagged Prices |
| Timeline |
STELMINE CANADA Lagged Returns
When evaluating STELMINE CANADA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STELMINE CANADA stock have on its future price. STELMINE CANADA 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, STELMINE CANADA autocorrelation shows the relationship between STELMINE CANADA stock current value and its past values and can show if there is a momentum factor associated with investing in STELMINE CANADA LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in STELMINE Stock
STELMINE CANADA financial ratios help investors to determine whether STELMINE 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 STELMINE with respect to the benefits of owning STELMINE CANADA security.