Champion Iron Limited Stock Market Value
| CIAFF Stock | USD 3.85 0.17 4.62% |
| Symbol | Champion |
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.
| 01/31/2023 |
| 01/20/2025 |
If you would invest 0.00 in Champion Iron on January 31, 2023 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 720 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.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 23.94 | |||
| Value At Risk | (4.51) | |||
| Potential Upside | 4.66 |
Champion Iron Market Risk Indicators
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.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.13) |
Champion Iron Limited Backtested Returns
Champion Iron Limited secures Sharpe Ratio (or Efficiency) of -0.0359, which signifies that the company had a -0.0359 % return per unit of standard deviation over the last 3 months. Champion Iron Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Champion Iron's risk adjusted performance of (0.02), and Mean Deviation of 1.48 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.91, which signifies possible diversification benefits within a given portfolio. Champion Iron returns are very sensitive to returns on the market. As the market goes up or down, Champion Iron is expected to follow. At this point, Champion Iron Limited has a negative expected return of -0.11%. Please make sure to confirm Champion Iron's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if Champion Iron Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Champion Iron Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Champion Iron time series from 31st of January 2023 to 26th of January 2024 and 26th of January 2024 to 20th 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 -0.01 indicates that just 1.0% of current Champion Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.