Condor Resources Stock Market Value
| CNRIF Stock | USD 0.11 0.01 10.00% |
| Symbol | Condor |
Condor 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 Condor Resources' 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 Condor Resources.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Condor Resources on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Condor Resources or generate 0.0% return on investment in Condor Resources over 90 days. Condor Resources is related to or competes with Codexis, Hudson Technologies, Tesla, Dana, Axalta Coating, Eastman Chemical, and Cars. Condor Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral... More
Condor 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 Condor Resources' 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 Condor Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 33.57 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Condor Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Condor Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Condor Resources' standard deviation. In reality, there are many statistical measures that can use Condor Resources historical prices to predict the future Condor Resources' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | 0.1221 |
Condor Resources Backtested Returns
Condor Resources secures Sharpe Ratio (or Efficiency) of -0.0442, which signifies that the company had a -0.0442% return per unit of risk over the last 3 months. Condor Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Condor Resources' Standard Deviation of 5.41, mean deviation of 2.64, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.04, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Condor Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Condor Resources is expected to outperform it. At this point, Condor Resources has a negative expected return of -0.24%. Please make sure to confirm Condor Resources' value at risk and the relationship between the accumulation distribution and relative strength index , to decide if Condor Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Condor Resources has modest predictability. Overlapping area represents the amount of predictability between Condor Resources time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Condor Resources price movement. The serial correlation of 0.55 indicates that about 55.0% of current Condor Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Condor Resources lagged returns against current returns
Autocorrelation, which is Condor Resources 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 Condor Resources' pink sheet expected returns. We can calculate the autocorrelation of Condor Resources returns to help us make a trade decision. For example, suppose you find that Condor Resources 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 |
Condor 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 Condor Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Condor Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Condor Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Condor Resources Lagged Returns
When evaluating Condor Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Condor Resources pink sheet have on its future price. Condor 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, Condor Resources autocorrelation shows the relationship between Condor Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Condor Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Condor Pink Sheet
Condor Resources financial ratios help investors to determine whether Condor 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 Condor with respect to the benefits of owning Condor Resources security.