York Harbour Metals Stock Market Value
| YORKF Stock | USD 0.03 0.01 27.49% |
| Symbol | York |
York Harbour '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 York Harbour'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 York Harbour.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in York Harbour on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding York Harbour Metals or generate 0.0% return on investment in York Harbour over 360 days. York Harbour is related to or competes with IGO, Mineral Res, and Adriatic Metals. York Harbour Metals Inc., a mineral exploration and development company, acquires and explores for mineral properties in... More
York Harbour 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 York Harbour'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 York Harbour Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 28.54 | |||
| Information Ratio | 0.069 | |||
| Maximum Drawdown | 135.93 | |||
| Value At Risk | (45.55) | |||
| Potential Upside | 38.89 |
York Harbour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for York Harbour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as York Harbour's standard deviation. In reality, there are many statistical measures that can use York Harbour historical prices to predict the future York Harbour's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 2.05 | |||
| Total Risk Alpha | (1.56) | |||
| Sortino Ratio | 0.0565 | |||
| Treynor Ratio | (0.52) |
York Harbour Metals Backtested Returns
York Harbour is out of control given 3 months investment horizon. York Harbour Metals shows Sharpe Ratio of 0.0796, which attests that the company had a 0.0796% return per unit of risk over the last 3 months. We were able to collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.72% are justified by taking the suggested risk. Use York Harbour Metals Downside Deviation of 28.54, mean deviation of 12.88, and Market Risk Adjusted Performance of (0.51) to evaluate company specific risk that cannot be diversified away. York Harbour holds a performance score of 6 on a scale of zero to a hundred. The firm maintains a market beta of -3.32, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning York Harbour are expected to decrease by larger amounts. On the other hand, during market turmoil, York Harbour is expected to outperform it. Use York Harbour Metals potential upside, as well as the relationship between the skewness and day median price , to analyze future returns on York Harbour Metals.
Auto-correlation | 0.19 |
Very weak predictability
York Harbour Metals has very weak predictability. Overlapping area represents the amount of predictability between York Harbour time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 York Harbour Metals price movement. The serial correlation of 0.19 indicates that over 19.0% of current York Harbour price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
York Harbour Metals lagged returns against current returns
Autocorrelation, which is York Harbour 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 York Harbour's otc stock expected returns. We can calculate the autocorrelation of York Harbour returns to help us make a trade decision. For example, suppose you find that York Harbour 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 |
York Harbour 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 York Harbour otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if York Harbour otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in York Harbour otc stock over time.
Current vs Lagged Prices |
| Timeline |
York Harbour Lagged Returns
When evaluating York Harbour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of York Harbour otc stock have on its future price. York Harbour 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, York Harbour autocorrelation shows the relationship between York Harbour otc stock current value and its past values and can show if there is a momentum factor associated with investing in York Harbour Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in York OTC Stock
York Harbour financial ratios help investors to determine whether York 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 York with respect to the benefits of owning York Harbour security.