Yorbeau Resources Stock Market Value
| YRB Stock | CAD 0.04 0.00 0.00% |
| Symbol | Yorbeau |
Yorbeau Resources Price To Book Ratio
Yorbeau Resources '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 Yorbeau Resources' 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 Yorbeau Resources.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in Yorbeau Resources on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Yorbeau Resources or generate 0.0% return on investment in Yorbeau Resources over 720 days. Yorbeau Resources is related to or competes with Q Gold, and Goldbank Mining. Yorbeau Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Qubec and Ontar... More
Yorbeau Resources 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 Yorbeau Resources' 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 Yorbeau Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0391 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Yorbeau Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yorbeau Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yorbeau Resources' standard deviation. In reality, there are many statistical measures that can use Yorbeau Resources historical prices to predict the future Yorbeau Resources' volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.4224 | |||
| Total Risk Alpha | 0.1218 | |||
| Treynor Ratio | (0.15) |
Yorbeau Resources Backtested Returns
Yorbeau Resources appears to be out of control, given 3 months investment horizon. Yorbeau Resources shows Sharpe Ratio of 0.0437, which attests that the company had a 0.0437% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Yorbeau Resources, which you can use to evaluate the volatility of the company. Please utilize Yorbeau Resources' Mean Deviation of 3.73, standard deviation of 8.87, and Market Risk Adjusted Performance of (0.14) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yorbeau Resources holds a performance score of 3. The firm maintains a market beta of -2.42, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Yorbeau Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Yorbeau Resources is expected to outperform it. Please check Yorbeau Resources' variance, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether Yorbeau Resources' historical returns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Yorbeau Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Yorbeau Resources time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th 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 Yorbeau Resources price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Yorbeau Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yorbeau Resources lagged returns against current returns
Autocorrelation, which is Yorbeau Resources 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 Yorbeau Resources' stock expected returns. We can calculate the autocorrelation of Yorbeau Resources returns to help us make a trade decision. For example, suppose you find that Yorbeau Resources 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 |
Yorbeau Resources 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 Yorbeau Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yorbeau Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yorbeau Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Yorbeau Resources Lagged Returns
When evaluating Yorbeau Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yorbeau Resources stock have on its future price. Yorbeau Resources 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, Yorbeau Resources autocorrelation shows the relationship between Yorbeau Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Yorbeau Resources.
Regressed Prices |
| Timeline |
Pair Trading with Yorbeau Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Yorbeau Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Yorbeau Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Yorbeau Stock
| 0.48 | WMT | Walmart Inc CDR | PairCorr |
| 0.47 | AMZN | Amazon CDR | PairCorr |
| 0.41 | AAPL | Apple Inc CDR | PairCorr |
| 0.35 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.32 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Yorbeau Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yorbeau Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Yorbeau Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Yorbeau Resources to buy it.
The correlation of Yorbeau Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Yorbeau Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yorbeau Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Yorbeau Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Yorbeau Stock
Yorbeau Resources financial ratios help investors to determine whether Yorbeau 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 Yorbeau with respect to the benefits of owning Yorbeau Resources security.