C29 Metals (Australia) Market Value

C29 Stock   0.05  0  4.00%   
C29 Metals' market value is the price at which a share of C29 Metals trades on a public exchange. It measures the collective expectations of C29 Metals investors about its performance. C29 Metals is selling for under 0.048 as of the 1st of March 2025; that is 4 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 0.048.
With this module, you can estimate the performance of a buy and hold strategy of C29 Metals and determine expected loss or profit from investing in C29 Metals over a given investment horizon. Check out C29 Metals Correlation, C29 Metals Volatility and C29 Metals Alpha and Beta module to complement your research on C29 Metals.
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Please note, there is a significant difference between C29 Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if C29 Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, C29 Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

C29 Metals '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 C29 Metals' 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 C29 Metals.
0.00
03/12/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/01/2025
0.00
If you would invest  0.00  in C29 Metals on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding C29 Metals or generate 0.0% return on investment in C29 Metals over 720 days. C29 Metals is related to or competes with Embark Education, Kip McGrath, Charter Hall, 29Metals, and Perseus Mining. C29 Metals is entity of Australia. It is traded as Stock on AU exchange. More

C29 Metals 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 C29 Metals' 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 C29 Metals upside and downside potential and time the market with a certain degree of confidence.

C29 Metals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for C29 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as C29 Metals' standard deviation. In reality, there are many statistical measures that can use C29 Metals historical prices to predict the future C29 Metals' volatility.
Hype
Prediction
LowEstimatedHigh
0.000.059.19
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Intrinsic
Valuation
LowRealHigh
0.000.059.19
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C29 Metals Backtested Returns

C29 Metals retains Efficiency (Sharpe Ratio) of -0.0637, which signifies that the company had a -0.0637 % return per unit of price deviation over the last 3 months. C29 Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm C29 Metals' Information Ratio of (0.09), variance of 79.69, and Market Risk Adjusted Performance of 0.4643 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -1.73, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning C29 Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, C29 Metals is expected to outperform it. At this point, C29 Metals has a negative expected return of -0.58%. Please make sure to confirm C29 Metals' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if C29 Metals performance from the past will be repeated sooner or later.

Auto-correlation

    
  0.22  

Weak predictability

C29 Metals has weak predictability. Overlapping area represents the amount of predictability between C29 Metals time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of C29 Metals price movement. The serial correlation of 0.22 indicates that over 22.0% of current C29 Metals price fluctuation can be explain by its past prices.
Correlation Coefficient0.22
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.0

C29 Metals lagged returns against current returns

Autocorrelation, which is C29 Metals 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 C29 Metals' stock expected returns. We can calculate the autocorrelation of C29 Metals returns to help us make a trade decision. For example, suppose you find that C29 Metals 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  

C29 Metals 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 C29 Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if C29 Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in C29 Metals stock over time.
   Current vs Lagged Prices   
       Timeline  

C29 Metals Lagged Returns

When evaluating C29 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of C29 Metals stock have on its future price. C29 Metals 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, C29 Metals autocorrelation shows the relationship between C29 Metals stock current value and its past values and can show if there is a momentum factor associated with investing in C29 Metals.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for C29 Stock Analysis

When running C29 Metals' price analysis, check to measure C29 Metals' 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 C29 Metals is operating at the current time. Most of C29 Metals' value examination focuses on studying past and present price action to predict the probability of C29 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move C29 Metals' price. Additionally, you may evaluate how the addition of C29 Metals to your portfolios can decrease your overall portfolio volatility.