Cordoba Minerals Corp Stock Market Value
| CDB Stock | CAD 0.42 0.02 5.00% |
| Symbol | Cordoba |
Cordoba Minerals Corp Price To Book Ratio
Cordoba Minerals '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 Cordoba Minerals' 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 Cordoba Minerals.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Cordoba Minerals on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Cordoba Minerals Corp or generate 0.0% return on investment in Cordoba Minerals over 360 days. Cordoba Minerals is related to or competes with Foraco International, Geodrill, Major Drilling, and Bri Chem. Cordoba Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, and development of preci... More
Cordoba Minerals 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 Cordoba Minerals' 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 Cordoba Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.69 | |||
| Information Ratio | 0.0137 | |||
| Maximum Drawdown | 22.46 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.52 |
Cordoba Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cordoba Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cordoba Minerals' standard deviation. In reality, there are many statistical measures that can use Cordoba Minerals historical prices to predict the future Cordoba Minerals' volatility.| Risk Adjusted Performance | 0.0363 | |||
| Jensen Alpha | 0.1428 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0109 | |||
| Treynor Ratio | 0.7962 |
Cordoba Minerals Corp Backtested Returns
Cordoba Minerals appears to be out of control, given 3 months investment horizon. Cordoba Minerals Corp secures Sharpe Ratio (or Efficiency) of 0.057, which signifies that the company had a 0.057% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cordoba Minerals Corp, which you can use to evaluate the volatility of the firm. Please makes use of Cordoba Minerals' Downside Deviation of 5.69, risk adjusted performance of 0.0363, and Mean Deviation of 2.9 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cordoba Minerals holds a performance score of 4. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cordoba Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cordoba Minerals is expected to be smaller as well. Please check Cordoba Minerals' semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Cordoba Minerals' price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Cordoba Minerals Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Cordoba Minerals time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Cordoba Minerals Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Cordoba Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cordoba Minerals Corp lagged returns against current returns
Autocorrelation, which is Cordoba Minerals 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 Cordoba Minerals' stock expected returns. We can calculate the autocorrelation of Cordoba Minerals returns to help us make a trade decision. For example, suppose you find that Cordoba Minerals 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 |
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Cordoba Minerals 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 Cordoba Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cordoba Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cordoba Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Cordoba Minerals Lagged Returns
When evaluating Cordoba Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cordoba Minerals stock have on its future price. Cordoba Minerals 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, Cordoba Minerals autocorrelation shows the relationship between Cordoba Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Cordoba Minerals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cordoba Stock Analysis
When running Cordoba Minerals' price analysis, check to measure Cordoba Minerals' 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 Cordoba Minerals is operating at the current time. Most of Cordoba Minerals' value examination focuses on studying past and present price action to predict the probability of Cordoba Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cordoba Minerals' price. Additionally, you may evaluate how the addition of Cordoba Minerals to your portfolios can decrease your overall portfolio volatility.