Commander Resources Stock Market Value
| CMD Stock | CAD 0.07 0.01 6.25% |
| Symbol | Commander |
Commander Resources '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 Commander Resources' 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 Commander Resources.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Commander Resources on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Commander Resources or generate 0.0% return on investment in Commander Resources over 30 days. Commander Resources is related to or competes with Magna Mining, Plaza Retail, NeXGold Mining, Forsys Metals, DRI Healthcare, UnitedHealth Group, and NeuPath Health. Commander Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of base... More
Commander Resources 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 Commander Resources' 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 Commander Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.29 | |||
| Information Ratio | 0.0815 | |||
| Maximum Drawdown | 39.68 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 14.29 |
Commander Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commander Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commander Resources' standard deviation. In reality, there are many statistical measures that can use Commander Resources historical prices to predict the future Commander Resources' volatility.| Risk Adjusted Performance | 0.0755 | |||
| Jensen Alpha | 0.5143 | |||
| Total Risk Alpha | 0.5189 | |||
| Sortino Ratio | 0.0419 | |||
| Treynor Ratio | (1.12) |
Commander Resources Backtested Returns
Commander Resources appears to be out of control, given 3 months investment horizon. Commander Resources secures Sharpe Ratio (or Efficiency) of 0.0472, which signifies that the company had a 0.0472% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Commander Resources, which you can use to evaluate the volatility of the firm. Please makes use of Commander Resources' Mean Deviation of 2.95, downside deviation of 12.29, and Risk Adjusted Performance of 0.0755 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Commander Resources holds a performance score of 3. The firm shows a Beta (market volatility) of -0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Commander Resources are expected to decrease at a much lower rate. During the bear market, Commander Resources is likely to outperform the market. Please check Commander Resources' total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether Commander Resources' price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Commander Resources has insignificant predictability. Overlapping area represents the amount of predictability between Commander Resources time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Commander Resources price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Commander Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Commander Resources lagged returns against current returns
Autocorrelation, which is Commander Resources 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 Commander Resources' stock expected returns. We can calculate the autocorrelation of Commander Resources returns to help us make a trade decision. For example, suppose you find that Commander Resources 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 |
Commander Resources 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 Commander Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commander Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commander Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Commander Resources Lagged Returns
When evaluating Commander Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commander Resources stock have on its future price. Commander Resources 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, Commander Resources autocorrelation shows the relationship between Commander Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Commander Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Commander Stock Analysis
When running Commander Resources' price analysis, check to measure Commander Resources' 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 Commander Resources is operating at the current time. Most of Commander Resources' value examination focuses on studying past and present price action to predict the probability of Commander Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commander Resources' price. Additionally, you may evaluate how the addition of Commander Resources to your portfolios can decrease your overall portfolio volatility.