Stelmine Canada's market value is the price at which a share of Stelmine Canada trades on a public exchange. It measures the collective expectations of Stelmine Canada investors about its performance. Stelmine Canada is trading at 0.0113 as of the 2nd of February 2025. This is a 7.38 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.0113. With this module, you can estimate the performance of a buy and hold strategy of Stelmine Canada and determine expected loss or profit from investing in Stelmine Canada over a given investment horizon. Check out Stelmine Canada Correlation, Stelmine Canada Volatility and Stelmine Canada Alpha and Beta module to complement your research on Stelmine Canada.
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 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 Stelmine Canada.
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02/08/2024
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In 11 months and 26 days
02/02/2025
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If you would invest 0.00 in Stelmine Canada on February 8, 2024 and sell it all today you would earn a total of 0.00 from holding Stelmine Canada or generate 0.0% return on investment in Stelmine Canada over 360 days. Stelmine Canada is related to or competes with Hannan Metals, Sovereign Metals, Filo Mining, and Callinex Mines. Stelmine Canada Ltd. engages in the acquisition, exploration, production, development, and operation of mining propertie... 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 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 Stelmine Canada upside and downside potential and time the market with a certain degree of confidence.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stelmine Canada. Your research has to be compared to or analyzed against Stelmine Canada's peers to derive any actionable benefits. When done correctly, Stelmine Canada's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Stelmine Canada.
Stelmine Canada Backtested Returns
Stelmine Canada is out of control given 3 months investment horizon. Stelmine Canada owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11 % return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.64% are justified by taking the suggested risk. Use Stelmine Canada Semi Deviation of 15.6, risk adjusted performance of 0.0947, and Coefficient Of Variation of 986.01 to evaluate company specific risk that cannot be diversified away. Stelmine Canada holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.0539, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stelmine Canada are expected to decrease at a much lower rate. During the bear market, Stelmine Canada is likely to outperform the market. Use Stelmine Canada information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to analyze future returns on Stelmine Canada.
Auto-correlation
0.43
Average predictability
Stelmine Canada has average predictability. Overlapping area represents the amount of predictability between Stelmine Canada time series from 8th of February 2024 to 6th of August 2024 and 6th of August 2024 to 2nd of February 2025. 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 price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Stelmine Canada price fluctuation can be explain by its past prices.
Correlation Coefficient
0.43
Spearman Rank Test
0.42
Residual Average
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Price Variance
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Stelmine Canada lagged returns against current returns
Autocorrelation, which is Stelmine Canada 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 Stelmine Canada's pink sheet 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 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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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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stelmine Canada pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stelmine Canada pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Stelmine Canada.
Other Information on Investing in Stelmine Pink Sheet
Stelmine Canada financial ratios help investors to determine whether Stelmine 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 Stelmine with respect to the benefits of owning Stelmine Canada security.