C29 Metals (Australia) Market Value
| C29 Stock | 0.04 0 2.27% |
| Symbol | C29 |
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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in C29 Metals on December 16, 2024 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 90 days. C29 Metals is related to or competes with Bluescope Steel, Macquarie Bank, Qbe Insurance, Prime Financial, Liberty Financial, and Sequoia Financial. 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.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 47.31 | |||
| Value At Risk | (11.67) | |||
| Potential Upside | 13.21 |
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.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.73) | |||
| Total Risk Alpha | 0.4409 | |||
| Treynor Ratio | 1.78 |
C29 Metals Backtested Returns
C29 Metals retains Efficiency (Sharpe Ratio) of -0.0777, which signifies that the company had a -0.0777 % return per unit of price deviation over the last 3 months. C29 Metals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm C29 Metals' Information Ratio of (0.06), variance of 81.71, and Market Risk Adjusted Performance of 1.79 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning C29 Metals are expected to decrease at a much lower rate. During the bear market, C29 Metals is likely to outperform the market. At this point, C29 Metals has a negative expected return of -0.73%. Please make sure to confirm C29 Metals' mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if C29 Metals performance from the past will be repeated sooner or later.
Auto-correlation | -0.49 |
Modest reverse predictability
C29 Metals has modest reverse predictability. Overlapping area represents the amount of predictability between C29 Metals time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 -0.49 indicates that about 49.0% of current C29 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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
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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.