Clifton Mining Co Stock Market Value
| CFTN Stock | USD 0.05 0 4.00% |
| Symbol | Clifton |
Clifton Mining '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 Clifton Mining's 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 Clifton Mining.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Clifton Mining on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Clifton Mining Co or generate 0.0% return on investment in Clifton Mining over 360 days. Clifton Mining is related to or competes with Denarius Silver, and Sylvania Platinum. Clifton Mining Company, a natural resource company, acquires, explores for, and develops mineral properties More
Clifton Mining 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 Clifton Mining's 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 Clifton Mining Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.8 | |||
| Information Ratio | 0.0404 | |||
| Maximum Drawdown | 68.57 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Clifton Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clifton Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clifton Mining's standard deviation. In reality, there are many statistical measures that can use Clifton Mining historical prices to predict the future Clifton Mining's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | 0.6179 | |||
| Total Risk Alpha | (0.96) | |||
| Sortino Ratio | 0.0183 | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clifton Mining's 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.
Clifton Mining Backtested Returns
Clifton Mining appears to be out of control, given 3 months investment horizon. Clifton Mining secures Sharpe Ratio (or Efficiency) of 0.0539, which signifies that the company had a 0.0539% return per unit of risk over the last 3 months. By analyzing Clifton Mining's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Clifton Mining's Downside Deviation of 21.8, mean deviation of 4.45, and Risk Adjusted Performance of 0.0498 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clifton Mining holds a performance score of 4. The firm shows a Beta (market volatility) of -0.92, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Clifton Mining are expected to decrease slowly. On the other hand, during market turmoil, Clifton Mining is expected to outperform it slightly. Please check Clifton Mining's total risk alpha and the relationship between the potential upside and price action indicator , to make a quick decision on whether Clifton Mining's price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Clifton Mining Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Clifton Mining time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Clifton Mining price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Clifton Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Clifton Mining lagged returns against current returns
Autocorrelation, which is Clifton Mining 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 Clifton Mining's pink sheet expected returns. We can calculate the autocorrelation of Clifton Mining returns to help us make a trade decision. For example, suppose you find that Clifton Mining 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 |
Clifton Mining 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 Clifton Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clifton Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clifton Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Clifton Mining Lagged Returns
When evaluating Clifton Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clifton Mining pink sheet have on its future price. Clifton Mining 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, Clifton Mining autocorrelation shows the relationship between Clifton Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Clifton Mining Co.
Regressed Prices |
| Timeline |
Pair Trading with Clifton Mining
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 Clifton Mining 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 Clifton Mining will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Clifton Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clifton Mining 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 Clifton Mining - 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 Clifton Mining Co to buy it.
The correlation of Clifton Mining 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 Clifton Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clifton 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 Clifton Mining 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 Clifton Pink Sheet
Clifton Mining financial ratios help investors to determine whether Clifton 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 Clifton with respect to the benefits of owning Clifton Mining security.