Contango Ore Stock Market Value
| CTGO Stock | USD 9.49 0.03 0.32% |
| Symbol | Contango |
Contango ORE Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Contango ORE. If investors know Contango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Contango ORE '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 Contango ORE'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 Contango ORE.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Contango ORE on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Contango ORE or generate 0.0% return on investment in Contango ORE over 90 days. Contango ORE is related to or competes with First Guaranty, Glen Burnie, and Princeton Capital. Contango Ore, Inc., an exploration stage company, engages in the exploration of gold and associated minerals in the Unit... More
Contango ORE 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 Contango ORE'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 Contango ORE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.75 | |||
| Value At Risk | (6.43) | |||
| Potential Upside | 5.89 |
Contango ORE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Contango ORE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Contango ORE's standard deviation. In reality, there are many statistical measures that can use Contango ORE historical prices to predict the future Contango ORE's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | 0.2249 | |||
| Treynor Ratio | (0.19) |
Contango ORE Backtested Returns
Contango ORE secures Sharpe Ratio (or Efficiency) of -0.0721, which signifies that the company had a -0.0721 % return per unit of risk over the last 3 months. Contango ORE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Contango ORE's Risk Adjusted Performance of (0.05), standard deviation of 3.62, and Mean Deviation of 2.76 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.19, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Contango ORE will likely underperform. At this point, Contango ORE has a negative expected return of -0.26%. Please make sure to confirm Contango ORE's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Contango ORE performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Contango ORE has poor reverse predictability. Overlapping area represents the amount of predictability between Contango ORE time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Contango ORE price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Contango ORE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Contango ORE lagged returns against current returns
Autocorrelation, which is Contango ORE 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 Contango ORE's stock expected returns. We can calculate the autocorrelation of Contango ORE returns to help us make a trade decision. For example, suppose you find that Contango ORE 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 |
Contango ORE 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 Contango ORE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Contango ORE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Contango ORE stock over time.
Current vs Lagged Prices |
| Timeline |
Contango ORE Lagged Returns
When evaluating Contango ORE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Contango ORE stock have on its future price. Contango ORE 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, Contango ORE autocorrelation shows the relationship between Contango ORE stock current value and its past values and can show if there is a momentum factor associated with investing in Contango ORE.
Regressed Prices |
| Timeline |
When determining whether Contango ORE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Contango ORE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Contango Ore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Contango Ore Stock:
Check out Contango ORE Correlation, Contango ORE Volatility and Contango ORE Alpha and Beta module to complement your research on Contango ORE. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Contango ORE technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.