Valore Metals Corp Stock Market Value
| VO Stock | CAD 0.07 0.01 6.25% |
| Symbol | ValOre |
ValOre Metals Corp Price To Book Ratio
ValOre 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 ValOre Metals' 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 ValOre Metals.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in ValOre Metals on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding ValOre Metals Corp or generate 0.0% return on investment in ValOre Metals over 30 days. ValOre Metals is related to or competes with K2 Gold. ValOre Metals Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development ... More
ValOre 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 ValOre Metals' 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 ValOre Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.71 | |||
| Information Ratio | 0.1037 | |||
| Maximum Drawdown | 56.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
ValOre Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ValOre Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ValOre Metals' standard deviation. In reality, there are many statistical measures that can use ValOre Metals historical prices to predict the future ValOre Metals' volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 1.85 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0925 | |||
| Treynor Ratio | (0.28) |
ValOre Metals Corp Backtested Returns
ValOre Metals is out of control given 3 months investment horizon. ValOre Metals Corp 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 interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use ValOre Metals Corp Coefficient Of Variation of 867.61, risk adjusted performance of 0.0977, and Semi Deviation of 6.87 to evaluate company specific risk that cannot be diversified away. ValOre Metals holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -4.58, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ValOre Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, ValOre Metals is expected to outperform it. Use ValOre Metals Corp maximum drawdown and the relationship between the expected short fall and relative strength index , to analyze future returns on ValOre Metals Corp.
Auto-correlation | -0.12 |
Insignificant reverse predictability
ValOre Metals Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between ValOre Metals 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 ValOre Metals Corp price movement. The serial correlation of -0.12 indicates that less than 12.0% of current ValOre Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ValOre Metals Corp lagged returns against current returns
Autocorrelation, which is ValOre Metals 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 ValOre Metals' stock expected returns. We can calculate the autocorrelation of ValOre Metals returns to help us make a trade decision. For example, suppose you find that ValOre Metals 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 |
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ValOre 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 ValOre Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ValOre Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ValOre Metals stock over time.
Current vs Lagged Prices |
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ValOre Metals Lagged Returns
When evaluating ValOre Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ValOre Metals stock have on its future price. ValOre 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, ValOre Metals autocorrelation shows the relationship between ValOre Metals stock current value and its past values and can show if there is a momentum factor associated with investing in ValOre Metals Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for ValOre Stock Analysis
When running ValOre Metals' price analysis, check to measure ValOre Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ValOre Metals is operating at the current time. Most of ValOre Metals' value examination focuses on studying past and present price action to predict the probability of ValOre Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ValOre Metals' price. Additionally, you may evaluate how the addition of ValOre Metals to your portfolios can decrease your overall portfolio volatility.