Corella Resources (Australia) Market Value
| CR9 Stock | 0 0.00 0.00% |
| Symbol | Corella |
Corella 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 Corella 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 Corella Resources.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Corella Resources on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Corella Resources or generate 0.0% return on investment in Corella Resources over 60 days. Corella Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, De Grey, Sandfire Resources, and Perseus Mining. Corella Resources is entity of Australia More
Corella 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 Corella 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 Corella Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 100.0 | |||
| Value At Risk | (21.43) | |||
| Potential Upside | 14.29 |
Corella Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corella Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corella Resources' standard deviation. In reality, there are many statistical measures that can use Corella Resources historical prices to predict the future Corella Resources' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.70) |
Corella Resources Backtested Returns
Corella Resources secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Corella Resources exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corella Resources' Standard Deviation of 13.22, risk adjusted performance of (0.02), and Mean Deviation of 5.98 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Corella Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Corella Resources is expected to be smaller as well. At this point, Corella Resources has a negative expected return of -1.33%. Please make sure to confirm Corella Resources' jensen alpha, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Corella Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Corella Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Corella Resources time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Corella Resources price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Corella Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Corella Resources lagged returns against current returns
Autocorrelation, which is Corella 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 Corella Resources' stock expected returns. We can calculate the autocorrelation of Corella Resources returns to help us make a trade decision. For example, suppose you find that Corella 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 |
Corella 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 Corella Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corella Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corella Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Corella Resources Lagged Returns
When evaluating Corella Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corella Resources stock have on its future price. Corella 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, Corella Resources autocorrelation shows the relationship between Corella Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Corella Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Corella Stock Analysis
When running Corella Resources' price analysis, check to measure Corella 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 Corella Resources is operating at the current time. Most of Corella Resources' value examination focuses on studying past and present price action to predict the probability of Corella Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corella Resources' price. Additionally, you may evaluate how the addition of Corella Resources to your portfolios can decrease your overall portfolio volatility.