Camino Minerals Stock Market Value
| COR Stock | CAD 0.05 0.01 25.00% |
| Symbol | Camino |
Camino Minerals Price To Book Ratio
Camino Minerals '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 Camino Minerals' 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 Camino Minerals.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Camino Minerals on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Camino Minerals or generate 0.0% return on investment in Camino Minerals over 390 days. Camino Minerals is related to or competes with Midnight Sun. Camino Minerals Corporation, an exploration stage company, engages in the exploration and development of mineral propert... More
Camino Minerals 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 Camino Minerals' 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 Camino Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0051 | |||
| Maximum Drawdown | 40.0 |
Camino Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Camino Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Camino Minerals' standard deviation. In reality, there are many statistical measures that can use Camino Minerals historical prices to predict the future Camino Minerals' volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.1063 | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 1.05 |
Camino Minerals Backtested Returns
At this stage we consider Camino Stock to be out of control. Camino Minerals secures Sharpe Ratio (or Efficiency) of 0.0251, which signifies that the company had a 0.0251% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Camino Minerals, which you can use to evaluate the volatility of the firm. Please confirm Camino Minerals' Standard Deviation of 5.12, mean deviation of 1.36, and Risk Adjusted Performance of 0.0265 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Camino Minerals has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Camino Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Camino Minerals is expected to be smaller as well. Camino Minerals right now shows a risk of 5.2%. Please confirm Camino Minerals total risk alpha, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Camino Minerals will be following its price patterns.
Auto-correlation | 0.25 |
Poor predictability
Camino Minerals has poor predictability. Overlapping area represents the amount of predictability between Camino Minerals time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Camino Minerals price movement. The serial correlation of 0.25 indicates that over 25.0% of current Camino Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Camino Minerals lagged returns against current returns
Autocorrelation, which is Camino Minerals 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 Camino Minerals' stock expected returns. We can calculate the autocorrelation of Camino Minerals returns to help us make a trade decision. For example, suppose you find that Camino Minerals 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 |
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Camino Minerals 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 Camino Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Camino Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Camino Minerals stock over time.
Current vs Lagged Prices |
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Camino Minerals Lagged Returns
When evaluating Camino Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Camino Minerals stock have on its future price. Camino Minerals 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, Camino Minerals autocorrelation shows the relationship between Camino Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Camino Minerals.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Camino Stock Analysis
When running Camino Minerals' price analysis, check to measure Camino Minerals' 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 Camino Minerals is operating at the current time. Most of Camino Minerals' value examination focuses on studying past and present price action to predict the probability of Camino Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camino Minerals' price. Additionally, you may evaluate how the addition of Camino Minerals to your portfolios can decrease your overall portfolio volatility.