Ximen Mining Corp Stock Market Value
| XIM Stock | CAD 0.1 0.01 11.76% |
| Symbol | Ximen |
Ximen Mining Corp Price To Book Ratio
Ximen 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 Ximen 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 Ximen Mining.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ximen Mining on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ximen Mining Corp or generate 0.0% return on investment in Ximen Mining over 30 days. Ximen Mining is related to or competes with Global X, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Ximen Mining Corp. engages in the acquisition, exploration, and evaluation of mineral properties in British Columbia, Ca... More
Ximen 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 Ximen 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 Ximen Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.07 | |||
| Information Ratio | (0.0006) | |||
| Maximum Drawdown | 44.5 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 11.76 |
Ximen Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ximen Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ximen Mining's standard deviation. In reality, there are many statistical measures that can use Ximen Mining historical prices to predict the future Ximen Mining's volatility.| Risk Adjusted Performance | 0.0203 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (1.13) | |||
| Sortino Ratio | (0.0003) | |||
| Treynor Ratio | 0.0728 |
Ximen Mining Corp Backtested Returns
Ximen Mining appears to be out of control, given 3 months investment horizon. Ximen Mining Corp shows Sharpe Ratio of 0.0385, which attests that the company had a 0.0385% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ximen Mining Corp, which you can use to evaluate the volatility of the company. Please utilize Ximen Mining's Mean Deviation of 4.5, market risk adjusted performance of 0.0828, and Downside Deviation of 15.07 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ximen Mining holds a performance score of 3. The firm maintains a market beta of 1.52, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ximen Mining will likely underperform. Please check Ximen Mining's maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Ximen Mining's historical returns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Ximen Mining Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ximen Mining 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 Ximen Mining Corp price movement. The serial correlation of -0.19 indicates that over 19.0% of current Ximen Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ximen Mining Corp lagged returns against current returns
Autocorrelation, which is Ximen 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 Ximen Mining's stock expected returns. We can calculate the autocorrelation of Ximen Mining returns to help us make a trade decision. For example, suppose you find that Ximen 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 |
Ximen 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 Ximen Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ximen Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ximen Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Ximen Mining Lagged Returns
When evaluating Ximen Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ximen Mining stock have on its future price. Ximen 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, Ximen Mining autocorrelation shows the relationship between Ximen Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Ximen Mining Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ximen Stock Analysis
When running Ximen Mining's price analysis, check to measure Ximen 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 Ximen Mining is operating at the current time. Most of Ximen Mining's value examination focuses on studying past and present price action to predict the probability of Ximen 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 Ximen Mining's price. Additionally, you may evaluate how the addition of Ximen Mining to your portfolios can decrease your overall portfolio volatility.