Caledonia Mining (UK) Market Value
| CMCL Stock | 850.00 10.00 1.19% |
| Symbol | Caledonia |
Caledonia 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 Caledonia Mining's 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 Caledonia Mining.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Caledonia Mining on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Caledonia Mining or generate 0.0% return on investment in Caledonia Mining over 30 days. Caledonia Mining is related to or competes with Givaudan, Antofagasta PLC, Centamin PLC, Atalaya Mining, Ferrexpo PLC, Amaroq Minerals, and Central Asia. Caledonia Mining is entity of United Kingdom More
Caledonia 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 Caledonia Mining's 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 Caledonia Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.29 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 4.08 |
Caledonia Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caledonia Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caledonia Mining's standard deviation. In reality, there are many statistical measures that can use Caledonia Mining historical prices to predict the future Caledonia Mining's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 3.78 |
Caledonia Mining Backtested Returns
Caledonia Mining secures Sharpe Ratio (or Efficiency) of -0.0643, which signifies that the company had a -0.0643% return per unit of risk over the last 3 months. Caledonia Mining exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Caledonia Mining's Risk Adjusted Performance of (0.04), standard deviation of 2.4, and Mean Deviation of 1.54 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0435, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Caledonia Mining are expected to decrease at a much lower rate. During the bear market, Caledonia Mining is likely to outperform the market. At this point, Caledonia Mining has a negative expected return of -0.15%. Please make sure to confirm Caledonia Mining's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Caledonia Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Caledonia Mining has good predictability. Overlapping area represents the amount of predictability between Caledonia Mining time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Caledonia Mining price movement. The serial correlation of 0.67 indicates that around 67.0% of current Caledonia Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 365.18 |
Caledonia Mining lagged returns against current returns
Autocorrelation, which is Caledonia Mining 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 Caledonia Mining's stock expected returns. We can calculate the autocorrelation of Caledonia Mining returns to help us make a trade decision. For example, suppose you find that Caledonia Mining 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 |
| Timeline |
Caledonia 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 Caledonia Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caledonia Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caledonia Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Caledonia Mining Lagged Returns
When evaluating Caledonia Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caledonia Mining stock have on its future price. Caledonia 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, Caledonia Mining autocorrelation shows the relationship between Caledonia Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Caledonia Mining.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Caledonia Stock Analysis
When running Caledonia Mining's price analysis, check to measure Caledonia Mining's 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 Caledonia Mining is operating at the current time. Most of Caledonia Mining's value examination focuses on studying past and present price action to predict the probability of Caledonia Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caledonia Mining's price. Additionally, you may evaluate how the addition of Caledonia Mining to your portfolios can decrease your overall portfolio volatility.