Zincx Resources Corp Stock Market Value
| ZNCXF Stock | USD 0.05 0.00 0.00% |
| Symbol | ZincX |
ZincX 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 ZincX Resources' pink sheet 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 ZincX Resources.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in ZincX Resources on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding ZincX Resources Corp or generate 0.0% return on investment in ZincX Resources over 720 days. ZincX Resources is related to or competes with Tartisan Nickel. ZincX Resources Corp. engages in the exploration and evaluation of mineral resource properties in Canada More
ZincX 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 ZincX Resources' pink sheet 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 ZincX Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 33.33 |
ZincX Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZincX Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZincX Resources' standard deviation. In reality, there are many statistical measures that can use ZincX Resources historical prices to predict the future ZincX Resources' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZincX Resources' 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.
ZincX Resources Corp Backtested Returns
ZincX Resources Corp shows Sharpe Ratio of -0.0609, which attests that the company had a -0.0609% return per unit of risk over the last 3 months. ZincX Resources Corp exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZincX Resources' Standard Deviation of 3.54, mean deviation of 1.08, and Market Risk Adjusted Performance of (0.90) to validate the risk estimate we provide. The firm maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZincX Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding ZincX Resources is expected to be smaller as well. At this point, ZincX Resources Corp has a negative expected return of -0.22%. Please make sure to check out ZincX Resources' risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if ZincX Resources Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
ZincX Resources Corp has weak reverse predictability. Overlapping area represents the amount of predictability between ZincX Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 ZincX Resources Corp price movement. The serial correlation of -0.22 indicates that over 22.0% of current ZincX Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZincX Resources Corp lagged returns against current returns
Autocorrelation, which is ZincX Resources pink sheet'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 ZincX Resources' pink sheet expected returns. We can calculate the autocorrelation of ZincX Resources returns to help us make a trade decision. For example, suppose you find that ZincX Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
ZincX 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 ZincX Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZincX Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZincX Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ZincX Resources Lagged Returns
When evaluating ZincX Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZincX Resources pink sheet have on its future price. ZincX 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, ZincX Resources autocorrelation shows the relationship between ZincX Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ZincX Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ZincX Pink Sheet
ZincX Resources financial ratios help investors to determine whether ZincX Pink Sheet 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 ZincX with respect to the benefits of owning ZincX Resources security.