Stelmine Canada Stock Market Value
| STHFF Stock | USD 0.01 0.01 52.83% |
| Symbol | Stelmine |
Stelmine Canada '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 Stelmine Canada's otc 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 Stelmine Canada.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Stelmine Canada on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Stelmine Canada or generate 0.0% return on investment in Stelmine Canada over 30 days. Stelmine Canada is related to or competes with Fury Gold, Ivanhoe Mines, Americas Silver, StrikePoint Gold, Eskay Mining, Arizona Metals, and Patriot Battery. Stelmine Canada Ltd. engages in the acquisition, exploration, production, development, and operation of mining propertie... More
Stelmine Canada 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 Stelmine Canada's otc 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 Stelmine Canada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 55.61 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 21.67 |
Stelmine Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stelmine Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stelmine Canada's standard deviation. In reality, there are many statistical measures that can use Stelmine Canada historical prices to predict the future Stelmine Canada's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (2.75) | |||
| Treynor Ratio | 12.33 |
Stelmine Canada Backtested Returns
Stelmine Canada owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.055, which indicates the firm had a -0.055% return per unit of risk over the last 3 months. Stelmine Canada exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stelmine Canada's Coefficient Of Variation of (1,658), variance of 156.85, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.0621, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stelmine Canada are expected to decrease at a much lower rate. During the bear market, Stelmine Canada is likely to outperform the market. At this point, Stelmine Canada has a negative expected return of -0.68%. Please make sure to validate Stelmine Canada's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Stelmine Canada performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Stelmine Canada has very good predictability. Overlapping area represents the amount of predictability between Stelmine Canada time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 Stelmine Canada price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Stelmine Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stelmine Canada lagged returns against current returns
Autocorrelation, which is Stelmine Canada otc 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 Stelmine Canada's otc stock expected returns. We can calculate the autocorrelation of Stelmine Canada returns to help us make a trade decision. For example, suppose you find that Stelmine Canada has exhibited high autocorrelation historically, and you observe that the otc 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 |
Stelmine Canada 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 Stelmine Canada otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stelmine Canada otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stelmine Canada otc stock over time.
Current vs Lagged Prices |
| Timeline |
Stelmine Canada Lagged Returns
When evaluating Stelmine Canada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stelmine Canada otc stock have on its future price. Stelmine Canada 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, Stelmine Canada autocorrelation shows the relationship between Stelmine Canada otc stock current value and its past values and can show if there is a momentum factor associated with investing in Stelmine Canada.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Stelmine OTC Stock
Stelmine Canada financial ratios help investors to determine whether Stelmine OTC Stock 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 Stelmine with respect to the benefits of owning Stelmine Canada security.