California Engels Mining Stock Market Value
| CAEN Stock | USD 2.65 0.00 0.00% |
| Symbol | California |
California Engels '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 California Engels' 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 California Engels.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in California Engels on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding California Engels Mining or generate 0.0% return on investment in California Engels over 30 days. California Engels is related to or competes with Amarc Resources, and Mundoro Capital. California-Engels Mining Company engages in developing mineral and timber properties in the western United States More
California Engels 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 California Engels' 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 California Engels Mining upside and downside potential and time the market with a certain degree of confidence.
California Engels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Engels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Engels' standard deviation. In reality, there are many statistical measures that can use California Engels historical prices to predict the future California Engels' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of California Engels' 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.
California Engels Mining Backtested Returns
We have found three technical indicators for California Engels Mining, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and California Engels are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
California Engels Mining has perfect predictability. Overlapping area represents the amount of predictability between California Engels time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 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 California Engels Mining price movement. The serial correlation of 1.0 indicates that 100.0% of current California Engels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
California Engels Mining lagged returns against current returns
Autocorrelation, which is California Engels 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 California Engels' pink sheet expected returns. We can calculate the autocorrelation of California Engels returns to help us make a trade decision. For example, suppose you find that California Engels 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 |
California Engels 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 California Engels pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Engels pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in California Engels pink sheet over time.
Current vs Lagged Prices |
| Timeline |
California Engels Lagged Returns
When evaluating California Engels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Engels pink sheet have on its future price. California Engels 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, California Engels autocorrelation shows the relationship between California Engels pink sheet current value and its past values and can show if there is a momentum factor associated with investing in California Engels Mining.
Regressed Prices |
| Timeline |
Pair Trading with California Engels
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 California Engels 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 California Engels will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to California Engels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Engels 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 California Engels - 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 California Engels Mining to buy it.
The correlation of California Engels 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 California Engels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Engels Mining 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 California Engels 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 California Pink Sheet
California Engels financial ratios help investors to determine whether California 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 California with respect to the benefits of owning California Engels security.