Chalice Mining Limited Stock Market Value
| CGMLF Stock | USD 0.90 0.02 2.27% |
| 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 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 Chalice Mining.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Chalice Mining on December 13, 2022 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 720 days. Chalice Mining is related to or competes with Freegold Ventures, Kenorland Minerals, Prime Mining, NorthIsle Copper, Pampa Metals, Progressive Planet, and Globex Mining. Chalice Mining Limited operates as a mineral exploration and evaluation company 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 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 Chalice Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.89 | |||
| Information Ratio | 0.0513 | |||
| Maximum Drawdown | 47.67 | |||
| Value At Risk | (9.01) | |||
| Potential Upside | 12.31 |
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 | 0.0643 | |||
| Jensen Alpha | 0.389 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | 0.042 | |||
| Treynor Ratio | 0.8341 |
Chalice Mining Backtested Returns
Chalice Mining appears to be abnormally volatile, given 3 months investment horizon. Chalice Mining secures Sharpe Ratio (or Efficiency) of 0.0939, which signifies that the company had a 0.0939% return per unit of standard deviation over the last 3 months. By analyzing Chalice Mining's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Chalice Mining's risk adjusted performance of 0.0643, and Mean Deviation of 3.49 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chalice Mining holds a performance score of 7. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chalice Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chalice Mining is expected to be smaller as well. Please check Chalice Mining's value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Chalice Mining's price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Chalice Mining Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Chalice Mining time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 -0.32 indicates that nearly 32.0% of current Chalice Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Chalice Mining lagged returns against current returns
Autocorrelation, which is Chalice 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 Chalice Mining's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chalice 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 Chalice Mining pink sheet 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 pink sheet 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 pink sheet 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 Pink Sheet
Chalice Mining financial ratios help investors to determine whether Chalice 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 Chalice with respect to the benefits of owning Chalice Mining security.