Kodiak Copper Corp Stock Market Value
| KDK Stock | 0.42 0.01 2.44% |
| Symbol | Kodiak |
Kodiak Copper Corp Price To Book Ratio
Kodiak Copper '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 Kodiak Copper'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 Kodiak Copper.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Kodiak Copper on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Kodiak Copper Corp or generate 0.0% return on investment in Kodiak Copper over 30 days. Kodiak Copper is related to or competes with Fireweed Zinc, Redishred Capital, and Blackrock Silver. Kodiak Copper is entity of Canada. It is traded as Stock on V exchange. More
Kodiak Copper 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 Kodiak Copper'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 Kodiak Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.56 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 6.98 |
Kodiak Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kodiak Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kodiak Copper's standard deviation. In reality, there are many statistical measures that can use Kodiak Copper historical prices to predict the future Kodiak Copper's volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | 0.0646 | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.0229 |
Kodiak Copper Corp Backtested Returns
Kodiak Copper Corp has Sharpe Ratio of -0.0019, which conveys that the firm had a -0.0019% return per unit of risk over the last 3 months. Kodiak Copper exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kodiak Copper's Mean Deviation of 2.61, standard deviation of 3.64, and Risk Adjusted Performance of 0.0066 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kodiak Copper are expected to decrease at a much lower rate. During the bear market, Kodiak Copper is likely to outperform the market. At this point, Kodiak Copper Corp has a negative expected return of -0.0072%. Please make sure to verify Kodiak Copper's total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Kodiak Copper Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Kodiak Copper Corp has poor predictability. Overlapping area represents the amount of predictability between Kodiak Copper time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Kodiak Copper Corp price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Kodiak Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kodiak Copper Corp lagged returns against current returns
Autocorrelation, which is Kodiak Copper 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 Kodiak Copper's stock expected returns. We can calculate the autocorrelation of Kodiak Copper returns to help us make a trade decision. For example, suppose you find that Kodiak Copper 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 |
Kodiak Copper 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 Kodiak Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kodiak Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kodiak Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Kodiak Copper Lagged Returns
When evaluating Kodiak Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kodiak Copper stock have on its future price. Kodiak Copper 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, Kodiak Copper autocorrelation shows the relationship between Kodiak Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Kodiak Copper Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Kodiak Stock Analysis
When running Kodiak Copper's price analysis, check to measure Kodiak Copper's 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 Kodiak Copper is operating at the current time. Most of Kodiak Copper's value examination focuses on studying past and present price action to predict the probability of Kodiak Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kodiak Copper's price. Additionally, you may evaluate how the addition of Kodiak Copper to your portfolios can decrease your overall portfolio volatility.