Defense Metals Corp Stock Market Value
| DEFN Stock | CAD 0.14 0.02 16.67% |
| Symbol | Defense |
Defense Metals Corp Price To Book Ratio
Defense Metals '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 Defense Metals' 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 Defense Metals.
| 09/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Defense Metals on September 19, 2024 and sell it all today you would earn a total of 0.00 from holding Defense Metals Corp or generate 0.0% return on investment in Defense Metals over 90 days. Defense Metals is related to or competes with Foraco International, Geodrill, Major Drilling, and Bri Chem. Defense Metals Corp., a junior exploration company, engages in the acquisition and exploration of mineral properties in ... More
Defense Metals 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 Defense Metals' 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 Defense Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.18 | |||
| Information Ratio | 0.1391 | |||
| Maximum Drawdown | 29.43 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 15.79 |
Defense Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Defense Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defense Metals' standard deviation. In reality, there are many statistical measures that can use Defense Metals historical prices to predict the future Defense Metals' volatility.| Risk Adjusted Performance | 0.1162 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 0.5153 | |||
| Sortino Ratio | 0.1167 | |||
| Treynor Ratio | (2.30) |
Defense Metals Corp Backtested Returns
Defense Metals appears to be out of control, given 3 months investment horizon. Defense Metals Corp secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By reviewing Defense Metals' technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please utilize Defense Metals' Mean Deviation of 5.84, coefficient of variation of 676.36, and Downside Deviation of 9.18 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Defense Metals holds a performance score of 10. The firm shows a Beta (market volatility) of -0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Defense Metals are expected to decrease at a much lower rate. During the bear market, Defense Metals is likely to outperform the market. Please check Defense Metals' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Defense Metals' price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Defense Metals Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Defense Metals time series from 19th of September 2024 to 3rd of November 2024 and 3rd of November 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 Defense Metals Corp price movement. The serial correlation of -0.19 indicates that over 19.0% of current Defense Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Defense Metals Corp lagged returns against current returns
Autocorrelation, which is Defense Metals 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 Defense Metals' stock expected returns. We can calculate the autocorrelation of Defense Metals returns to help us make a trade decision. For example, suppose you find that Defense Metals 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 |
Defense Metals 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 Defense Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defense Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defense Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Defense Metals Lagged Returns
When evaluating Defense Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defense Metals stock have on its future price. Defense Metals 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, Defense Metals autocorrelation shows the relationship between Defense Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Defense Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Defense Stock Analysis
When running Defense Metals' price analysis, check to measure Defense Metals' 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 Defense Metals is operating at the current time. Most of Defense Metals' value examination focuses on studying past and present price action to predict the probability of Defense Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Defense Metals' price. Additionally, you may evaluate how the addition of Defense Metals to your portfolios can decrease your overall portfolio volatility.