Champion Iron's market value is the price at which a share of Champion Iron trades on a public exchange. It measures the collective expectations of Champion Iron Limited investors about its performance. Champion Iron is trading at 3.61 as of the 7th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 3.61. With this module, you can estimate the performance of a buy and hold strategy of Champion Iron Limited and determine expected loss or profit from investing in Champion Iron over a given investment horizon. Check out Champion Iron Correlation, Champion Iron Volatility and Champion Iron Alpha and Beta module to complement your research on Champion Iron.
Please note, there is a significant difference between Champion Iron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Champion Iron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Champion Iron's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Champion Iron '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 Champion Iron's otc 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 Champion Iron.
0.00
01/23/2022
No Change 0.00
0.0
In 2 years 11 months and 16 days
01/07/2025
0.00
If you would invest 0.00 in Champion Iron on January 23, 2022 and sell it all today you would earn a total of 0.00 from holding Champion Iron Limited or generate 0.0% return on investment in Champion Iron over 1080 days. Champion Iron is related to or competes with BlueScope Steel, Ferrexpo PLC, POSCO Holdings, Ternium SA, United States, Nucor Corp, and Steel Dynamics. Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canad... More
Champion Iron 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 Champion Iron's otc 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 Champion Iron Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Champion Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Champion Iron's standard deviation. In reality, there are many statistical measures that can use Champion Iron historical prices to predict the future Champion Iron's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Champion Iron. Your research has to be compared to or analyzed against Champion Iron's peers to derive any actionable benefits. When done correctly, Champion Iron's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Champion Iron Limited.
Champion Iron Limited Backtested Returns
Champion Iron Limited secures Sharpe Ratio (or Efficiency) of -0.0965, which signifies that the company had a -0.0965% return per unit of standard deviation over the last 3 months. Champion Iron Limited exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Champion Iron's risk adjusted performance of (0.09), and Mean Deviation of 1.67 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Champion Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Champion Iron is expected to be smaller as well. At this point, Champion Iron Limited has a negative expected return of -0.29%. Please make sure to confirm Champion Iron's coefficient of variation, value at risk, day typical price, as well as the relationship between the information ratio and kurtosis , to decide if Champion Iron Limited performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.84
Excellent reverse predictability
Champion Iron Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Champion Iron time series from 23rd of January 2022 to 17th of July 2023 and 17th of July 2023 to 7th 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 Champion Iron Limited price movement. The serial correlation of -0.84 indicates that around 84.0% of current Champion Iron price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.84
Spearman Rank Test
-0.8
Residual Average
0.0
Price Variance
0.48
Champion Iron Limited lagged returns against current returns
Autocorrelation, which is Champion Iron otc 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 Champion Iron's otc stock expected returns. We can calculate the autocorrelation of Champion Iron returns to help us make a trade decision. For example, suppose you find that Champion Iron has exhibited high autocorrelation historically, and you observe that the otc 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
Champion Iron 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 Champion Iron otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Champion Iron otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Champion Iron otc stock over time.
Current vs Lagged Prices
Timeline
Champion Iron Lagged Returns
When evaluating Champion Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Champion Iron otc stock have on its future price. Champion Iron 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, Champion Iron autocorrelation shows the relationship between Champion Iron otc stock current value and its past values and can show if there is a momentum factor associated with investing in Champion Iron Limited.
Other Information on Investing in Champion OTC Stock
Champion Iron financial ratios help investors to determine whether Champion OTC Stock 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 Champion with respect to the benefits of owning Champion Iron security.