Kore Mining Stock Market Value
| KORE Stock | CAD 0.03 0.01 25.00% |
| Symbol | Kore |
Kore Mining Price To Book Ratio
Kore 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 Kore Mining'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 Kore Mining.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Kore Mining on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Kore Mining or generate 0.0% return on investment in Kore Mining over 510 days. Kore Mining is related to or competes with Ressources Minieres, Red Pine, and Strikepoint Gold. Kore Mining Ltd. engages in the development, exploration, and evaluation of mineral resource properties More
Kore 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 Kore Mining'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 Kore Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0413 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Kore Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kore Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kore Mining's standard deviation. In reality, there are many statistical measures that can use Kore Mining historical prices to predict the future Kore Mining's volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.6056 | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (1.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kore Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kore Mining Backtested Returns
Kore Mining appears to be out of control, given 3 months investment horizon. Kore Mining has Sharpe Ratio of 0.0537, which conveys that the firm had a 0.0537% return per unit of risk over the last 3 months. By analyzing Kore Mining's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Kore Mining's Mean Deviation of 4.71, risk adjusted performance of 0.0473, and Standard Deviation of 11.06 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kore Mining holds a performance score of 4. The company secures a Beta (Market Risk) of -0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kore Mining are expected to decrease at a much lower rate. During the bear market, Kore Mining is likely to outperform the market. Please check Kore Mining's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to make a quick decision on whether Kore Mining's current price movements will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Kore Mining has insignificant predictability. Overlapping area represents the amount of predictability between Kore Mining time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Kore Mining price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Kore Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kore Mining lagged returns against current returns
Autocorrelation, which is Kore Mining 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 Kore Mining's stock expected returns. We can calculate the autocorrelation of Kore Mining returns to help us make a trade decision. For example, suppose you find that Kore Mining 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 |
Kore 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 Kore Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kore Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kore Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Kore Mining Lagged Returns
When evaluating Kore Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kore Mining stock have on its future price. Kore 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, Kore Mining autocorrelation shows the relationship between Kore Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Kore Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Kore Stock Analysis
When running Kore Mining's price analysis, check to measure Kore Mining'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 Kore Mining is operating at the current time. Most of Kore Mining's value examination focuses on studying past and present price action to predict the probability of Kore Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kore Mining's price. Additionally, you may evaluate how the addition of Kore Mining to your portfolios can decrease your overall portfolio volatility.