Callinex Mines Stock Market Value
| CLLXF Stock | USD 0.51 0.01 2.00% |
| Symbol | Callinex |
Callinex Mines '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 Callinex Mines' 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 Callinex Mines.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Callinex Mines on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Callinex Mines or generate 0.0% return on investment in Callinex Mines over 30 days. Callinex Mines is related to or competes with Mundoro Capital, E79 Resources, and StrikePoint Gold. Callinex Mines Inc. engages in the acquisition, exploration, and development of mineral properties in Canada More
Callinex Mines 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 Callinex Mines' 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 Callinex Mines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.86 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 3.45 |
Callinex Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Callinex Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Callinex Mines' standard deviation. In reality, there are many statistical measures that can use Callinex Mines historical prices to predict the future Callinex Mines' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (9.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Callinex Mines' 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.
Callinex Mines Backtested Returns
Callinex Mines secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. Callinex Mines exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Callinex Mines' Mean Deviation of 2.06, standard deviation of 2.78, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0433, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Callinex Mines' returns are expected to increase less than the market. However, during the bear market, the loss of holding Callinex Mines is expected to be smaller as well. At this point, Callinex Mines has a negative expected return of -0.34%. Please make sure to confirm Callinex Mines' standard deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if Callinex Mines performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Callinex Mines has good reverse predictability. Overlapping area represents the amount of predictability between Callinex Mines time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 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 Callinex Mines price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Callinex Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Callinex Mines lagged returns against current returns
Autocorrelation, which is Callinex Mines 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 Callinex Mines' otc stock expected returns. We can calculate the autocorrelation of Callinex Mines returns to help us make a trade decision. For example, suppose you find that Callinex Mines 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 |
Callinex Mines 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 Callinex Mines otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Callinex Mines otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Callinex Mines otc stock over time.
Current vs Lagged Prices |
| Timeline |
Callinex Mines Lagged Returns
When evaluating Callinex Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Callinex Mines otc stock have on its future price. Callinex Mines 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, Callinex Mines autocorrelation shows the relationship between Callinex Mines otc stock current value and its past values and can show if there is a momentum factor associated with investing in Callinex Mines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Callinex OTC Stock
Callinex Mines financial ratios help investors to determine whether Callinex 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 Callinex with respect to the benefits of owning Callinex Mines security.