CANASIL RESOURCES (Germany) Market Value

3CC Stock  EUR 0.01  0.00  0.00%   
CANASIL RESOURCES's market value is the price at which a share of CANASIL RESOURCES trades on a public exchange. It measures the collective expectations of CANASIL RESOURCES investors about its performance. CANASIL RESOURCES is trading at 0.0125 as of the 12th of December 2024, a No Change since the beginning of the trading day. The stock's lowest day price was 0.0125.
With this module, you can estimate the performance of a buy and hold strategy of CANASIL RESOURCES and determine expected loss or profit from investing in CANASIL RESOURCES over a given investment horizon. Check out CANASIL RESOURCES Correlation, CANASIL RESOURCES Volatility and CANASIL RESOURCES Alpha and Beta module to complement your research on CANASIL RESOURCES.
Symbol

Please note, there is a significant difference between CANASIL RESOURCES's value and its price as these two are different measures arrived at by different means. Investors typically determine if CANASIL RESOURCES is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CANASIL RESOURCES'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.

CANASIL RESOURCES '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 CANASIL RESOURCES'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 CANASIL RESOURCES.
0.00
12/18/2023
No Change 0.00  0.0 
In 11 months and 26 days
12/12/2024
0.00
If you would invest  0.00  in CANASIL RESOURCES on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding CANASIL RESOURCES or generate 0.0% return on investment in CANASIL RESOURCES over 360 days. CANASIL RESOURCES is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More

CANASIL RESOURCES 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 CANASIL RESOURCES'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 CANASIL RESOURCES upside and downside potential and time the market with a certain degree of confidence.

CANASIL RESOURCES Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CANASIL RESOURCES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CANASIL RESOURCES's standard deviation. In reality, there are many statistical measures that can use CANASIL RESOURCES historical prices to predict the future CANASIL RESOURCES's volatility.
Hype
Prediction
LowEstimatedHigh
0.010.010.01
Details
Intrinsic
Valuation
LowRealHigh
0.010.010.01
Details
Naive
Forecast
LowNextHigh
0.010.010.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.010.010.01
Details

CANASIL RESOURCES Backtested Returns

We have found three technical indicators for CANASIL RESOURCES, which you can use to evaluate the volatility of the entity. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CANASIL RESOURCES are completely uncorrelated.

Auto-correlation

    
  1.00  

Perfect predictability

CANASIL RESOURCES has perfect predictability. Overlapping area represents the amount of predictability between CANASIL RESOURCES time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th of December 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 CANASIL RESOURCES price movement. The serial correlation of 1.0 indicates that 100.0% of current CANASIL RESOURCES price fluctuation can be explain by its past prices.
Correlation Coefficient1.0
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.0

CANASIL RESOURCES lagged returns against current returns

Autocorrelation, which is CANASIL RESOURCES 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 CANASIL RESOURCES's stock expected returns. We can calculate the autocorrelation of CANASIL RESOURCES returns to help us make a trade decision. For example, suppose you find that CANASIL RESOURCES 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  

CANASIL RESOURCES 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 CANASIL RESOURCES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CANASIL RESOURCES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CANASIL RESOURCES stock over time.
   Current vs Lagged Prices   
       Timeline  

CANASIL RESOURCES Lagged Returns

When evaluating CANASIL RESOURCES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CANASIL RESOURCES stock have on its future price. CANASIL RESOURCES 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, CANASIL RESOURCES autocorrelation shows the relationship between CANASIL RESOURCES stock current value and its past values and can show if there is a momentum factor associated with investing in CANASIL RESOURCES.
   Regressed Prices   
       Timeline  

Also Currently Popular

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Other Information on Investing in CANASIL Stock

CANASIL RESOURCES financial ratios help investors to determine whether CANASIL 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 CANASIL with respect to the benefits of owning CANASIL RESOURCES security.