C3 Metals Stock Market Value
| CCCM Stock | CAD 0.24 0.01 4.35% |
| Symbol | CCCM |
C3 Metals Price To Book Ratio
C3 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 C3 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 C3 Metals.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in C3 Metals on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding C3 Metals or generate 0.0% return on investment in C3 Metals over 720 days. C3 Metals is related to or competes with Northwest Copper, QC Copper, and Dore Copper. C3 Metals Inc. engages in the identification, acquisition, and exploration of copper and gold deposits in Peru, Jamaica,... More
C3 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 C3 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 C3 Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 22.71 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 5.56 |
C3 Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for C3 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as C3 Metals' standard deviation. In reality, there are many statistical measures that can use C3 Metals historical prices to predict the future C3 Metals' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | 3.12 |
C3 Metals Backtested Returns
C3 Metals retains Efficiency (Sharpe Ratio) of -0.092, which signifies that the company had a -0.092% return per unit of price deviation over the last 3 months. C3 Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm C3 Metals' Variance of 13.29, market risk adjusted performance of 3.13, and Information Ratio of (0.14) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning C3 Metals are expected to decrease at a much lower rate. During the bear market, C3 Metals is likely to outperform the market. At this point, C3 Metals has a negative expected return of -0.34%. Please make sure to confirm C3 Metals' market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if C3 Metals performance from the past will be repeated sooner or later.
Auto-correlation | 0.24 |
Weak predictability
C3 Metals has weak predictability. Overlapping area represents the amount of predictability between C3 Metals time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 C3 Metals price movement. The serial correlation of 0.24 indicates that over 24.0% of current C3 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
C3 Metals lagged returns against current returns
Autocorrelation, which is C3 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 C3 Metals' stock expected returns. We can calculate the autocorrelation of C3 Metals returns to help us make a trade decision. For example, suppose you find that C3 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 |
C3 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 C3 Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if C3 Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in C3 Metals stock over time.
Current vs Lagged Prices |
| Timeline |
C3 Metals Lagged Returns
When evaluating C3 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of C3 Metals stock have on its future price. C3 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, C3 Metals autocorrelation shows the relationship between C3 Metals stock current value and its past values and can show if there is a momentum factor associated with investing in C3 Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CCCM Stock Analysis
When running C3 Metals' price analysis, check to measure C3 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 C3 Metals is operating at the current time. Most of C3 Metals' value examination focuses on studying past and present price action to predict the probability of C3 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move C3 Metals' price. Additionally, you may evaluate how the addition of C3 Metals to your portfolios can decrease your overall portfolio volatility.