Commerce Resources Corp Stock Market Value
| CCE Stock | CAD 0.07 0.01 6.25% |
| Symbol | Commerce |
Commerce Resources Corp Price To Book Ratio
Commerce 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 Commerce Resources' 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 Commerce Resources.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Commerce Resources on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Commerce Resources Corp or generate 0.0% return on investment in Commerce Resources over 180 days. Commerce Resources is related to or competes with Monument Mining. Commerce Resources Corp. acquires, explores, develops, and evaluates mineral resource properties in Canada More
Commerce 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 Commerce Resources' 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 Commerce Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 41.56 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 11.11 |
Commerce Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commerce Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commerce Resources' standard deviation. In reality, there are many statistical measures that can use Commerce Resources historical prices to predict the future Commerce Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | 0.4825 |
Commerce Resources Corp Backtested Returns
Commerce Resources Corp secures Sharpe Ratio (or Efficiency) of -0.0272, which signifies that the company had a -0.0272% return per unit of risk over the last 3 months. Commerce Resources Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Commerce Resources' Risk Adjusted Performance of (0.01), standard deviation of 7.35, and Mean Deviation of 4.39 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Commerce Resources are expected to decrease at a much lower rate. During the bear market, Commerce Resources is likely to outperform the market. At this point, Commerce Resources Corp has a negative expected return of -0.2%. Please make sure to confirm Commerce Resources' total risk alpha, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Commerce Resources Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Commerce Resources Corp has good predictability. Overlapping area represents the amount of predictability between Commerce Resources time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Commerce Resources Corp price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Commerce Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Commerce Resources Corp lagged returns against current returns
Autocorrelation, which is Commerce 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 Commerce Resources' stock expected returns. We can calculate the autocorrelation of Commerce Resources returns to help us make a trade decision. For example, suppose you find that Commerce 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 |
Commerce 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 Commerce Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commerce Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commerce Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Commerce Resources Lagged Returns
When evaluating Commerce Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commerce Resources stock have on its future price. Commerce 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, Commerce Resources autocorrelation shows the relationship between Commerce Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Commerce Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Commerce Stock Analysis
When running Commerce Resources' price analysis, check to measure Commerce Resources' 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 Commerce Resources is operating at the current time. Most of Commerce Resources' value examination focuses on studying past and present price action to predict the probability of Commerce Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commerce Resources' price. Additionally, you may evaluate how the addition of Commerce Resources to your portfolios can decrease your overall portfolio volatility.