Chalice Mining (Germany) Market Value
| C8U Stock | EUR 0.64 0.01 1.59% |
| Symbol | Chalice |
Chalice 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 Chalice Mining'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 Chalice Mining.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Chalice Mining on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Chalice Mining Limited or generate 0.0% return on investment in Chalice Mining over 30 days. Chalice Mining is related to or competes with ZIJIN MINH, Newmont, Barrick Gold, Franco Nevada, and Agnico Eagle. Chalice Gold Mines Limited engages in the acquisition, exploration, and development of mineral properties in Australia a... More
Chalice 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 Chalice Mining'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 Chalice Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 25.4 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 7.78 |
Chalice Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chalice Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chalice Mining's standard deviation. In reality, there are many statistical measures that can use Chalice Mining historical prices to predict the future Chalice Mining's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.413 |
Chalice Mining Backtested Returns
Chalice Mining secures Sharpe Ratio (or Efficiency) of -0.0347, which signifies that the company had a -0.0347% return per unit of standard deviation over the last 3 months. Chalice Mining Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chalice Mining's mean deviation of 3.6, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chalice Mining are expected to decrease at a much lower rate. During the bear market, Chalice Mining is likely to outperform the market. At this point, Chalice Mining has a negative expected return of -0.16%. Please make sure to confirm Chalice Mining's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Chalice Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Chalice Mining Limited has poor predictability. Overlapping area represents the amount of predictability between Chalice Mining time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Chalice Mining price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Chalice Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chalice Mining lagged returns against current returns
Autocorrelation, which is Chalice Mining 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 Chalice Mining's stock expected returns. We can calculate the autocorrelation of Chalice Mining returns to help us make a trade decision. For example, suppose you find that Chalice Mining 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 |
Chalice 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 Chalice Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chalice Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chalice Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Chalice Mining Lagged Returns
When evaluating Chalice Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chalice Mining stock have on its future price. Chalice 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, Chalice Mining autocorrelation shows the relationship between Chalice Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Chalice Mining Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chalice Stock
Chalice Mining financial ratios help investors to determine whether Chalice 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 Chalice with respect to the benefits of owning Chalice Mining security.