Vendetta Mining Corp Stock Market Value
| VDTAF Stock | USD 0.01 0.00 0.00% |
| Symbol | Vendetta |
Vendetta Mining '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 Vendetta Mining'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 Vendetta Mining.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Vendetta Mining on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Vendetta Mining Corp or generate 0.0% return on investment in Vendetta Mining over 720 days. Vendetta Mining is related to or competes with Erdene Resource, Aurelia Metals, Azimut Exploration, Amarc Resources, and Globex Mining. Vendetta Mining Corp., a junior exploration company, acquires, explores for, and develops mineral properties in Australi... More
Vendetta Mining 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 Vendetta Mining'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 Vendetta Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.125 | |||
| Maximum Drawdown | 590.15 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 7.79 |
Vendetta Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vendetta Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vendetta Mining's standard deviation. In reality, there are many statistical measures that can use Vendetta Mining historical prices to predict the future Vendetta Mining's volatility.| Risk Adjusted Performance | 0.1069 | |||
| Jensen Alpha | 8.28 | |||
| Total Risk Alpha | (2.09) | |||
| Treynor Ratio | 2.96 |
Vendetta Mining Corp Backtested Returns
Vendetta Mining is out of control given 3 months investment horizon. Vendetta Mining Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to analyze nineteen different technical indicators, which can help you to evaluate if expected returns of 8.91% are justified by taking the suggested risk. Use Vendetta Mining Corp Coefficient Of Variation of 787.99, variance of 4640.35, and Risk Adjusted Performance of 0.1069 to evaluate company specific risk that cannot be diversified away. Vendetta Mining holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of 2.91, 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, Vendetta Mining will likely underperform. Use Vendetta Mining Corp potential upside, as well as the relationship between the rate of daily change and relative strength index , to analyze future returns on Vendetta Mining Corp.
Auto-correlation | 0.65 |
Good predictability
Vendetta Mining Corp has good predictability. Overlapping area represents the amount of predictability between Vendetta Mining time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Vendetta Mining Corp price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Vendetta Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vendetta Mining Corp lagged returns against current returns
Autocorrelation, which is Vendetta Mining 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 Vendetta Mining's pink sheet expected returns. We can calculate the autocorrelation of Vendetta Mining returns to help us make a trade decision. For example, suppose you find that Vendetta Mining 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 |
| Timeline |
Vendetta Mining 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 Vendetta Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vendetta Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vendetta Mining pink sheet over time.
Current vs Lagged Prices |
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Vendetta Mining Lagged Returns
When evaluating Vendetta Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vendetta Mining pink sheet have on its future price. Vendetta Mining 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, Vendetta Mining autocorrelation shows the relationship between Vendetta Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Vendetta Mining Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Vendetta Pink Sheet
Vendetta Mining financial ratios help investors to determine whether Vendetta 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 Vendetta with respect to the benefits of owning Vendetta Mining security.