Volcan Compania Minera Market Value
| P98047AC0 | 90.70 3.75 3.97% |
| Symbol | Volcan |
Please note, there is a significant difference between Volcan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Volcan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Volcan'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.
Volcan '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 Volcan's bond 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 Volcan.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Volcan on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Volcan Compania Minera or generate 0.0% return on investment in Volcan over 720 days. Volcan is related to or competes with Paysafe, Delek Logistics, Analog Devices, Lindblad Expeditions, Mesa Air, and TFI International. More
Volcan 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 Volcan's bond 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 Volcan Compania Minera upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.86 | |||
| Information Ratio | 0.059 | |||
| Maximum Drawdown | 71.5 | |||
| Value At Risk | (20.71) | |||
| Potential Upside | 3.87 |
Volcan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Volcan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Volcan's standard deviation. In reality, there are many statistical measures that can use Volcan historical prices to predict the future Volcan's volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | 0.9362 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.1027 | |||
| Treynor Ratio | 0.5962 |
Volcan Compania Minera Backtested Returns
Volcan is somewhat reliable given 3 months investment horizon. Volcan Compania Minera owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0649, which indicates the bond had a 0.0649 % return per unit of risk 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 1.11% are justified by taking the suggested risk. Use Volcan Compania Minera Risk Adjusted Performance of 0.0637, coefficient of variation of 1541.91, and Semi Deviation of 8.37 to evaluate company specific risk that cannot be diversified away. The entity has a beta of 1.85, 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, Volcan will likely underperform.
Auto-correlation | -0.84 |
Excellent reverse predictability
Volcan Compania Minera has excellent reverse predictability. Overlapping area represents the amount of predictability between Volcan time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 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 Volcan Compania Minera price movement. The serial correlation of -0.84 indicates that around 84.0% of current Volcan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 135.1 |
Volcan Compania Minera lagged returns against current returns
Autocorrelation, which is Volcan bond'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 Volcan's bond expected returns. We can calculate the autocorrelation of Volcan returns to help us make a trade decision. For example, suppose you find that Volcan has exhibited high autocorrelation historically, and you observe that the bond 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 |
Volcan 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 Volcan bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Volcan bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Volcan bond over time.
Current vs Lagged Prices |
| Timeline |
Volcan Lagged Returns
When evaluating Volcan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Volcan bond have on its future price. Volcan 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, Volcan autocorrelation shows the relationship between Volcan bond current value and its past values and can show if there is a momentum factor associated with investing in Volcan Compania Minera.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Volcan Bond
Volcan financial ratios help investors to determine whether Volcan Bond 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 Volcan with respect to the benefits of owning Volcan security.