Cantex Mine Development Stock Market Value
| CTXDF Stock | USD 0.13 0.04 36.84% |
| Symbol | Cantex |
Cantex Mine '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 Cantex Mine's otc 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 Cantex Mine.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Cantex Mine on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Cantex Mine Development or generate 0.0% return on investment in Cantex Mine over 720 days. Cantex Mine is related to or competes with Aurelia Metals, Centaurus Metals, E79 Resources, Amarc Resources, and Adriatic Metals. Cantex Mine Development Corp. engages in the acquisition, exploration, and development of mineral properties in Canada, ... More
Cantex Mine 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 Cantex Mine's otc 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 Cantex Mine Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.69 | |||
| Information Ratio | 0.1432 | |||
| Maximum Drawdown | 60.11 | |||
| Value At Risk | (11.83) | |||
| Potential Upside | 16.03 |
Cantex Mine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cantex Mine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cantex Mine's standard deviation. In reality, there are many statistical measures that can use Cantex Mine historical prices to predict the future Cantex Mine's volatility.| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 1.32 | |||
| Total Risk Alpha | 1.55 | |||
| Sortino Ratio | 0.1483 | |||
| Treynor Ratio | 0.5521 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cantex Mine's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cantex Mine Development Backtested Returns
Cantex Mine is out of control given 3 months investment horizon. Cantex Mine Development secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14 % return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.28% are justified by taking the suggested risk. Use Cantex Mine Mean Deviation of 4.46, risk adjusted performance of 0.1136, and Downside Deviation of 8.69 to evaluate company specific risk that cannot be diversified away. Cantex Mine holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.29, 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, Cantex Mine will likely underperform. Use Cantex Mine sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Cantex Mine.
Auto-correlation | 0.13 |
Insignificant predictability
Cantex Mine Development has insignificant predictability. Overlapping area represents the amount of predictability between Cantex Mine time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Cantex Mine Development price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Cantex Mine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cantex Mine Development lagged returns against current returns
Autocorrelation, which is Cantex Mine otc 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 Cantex Mine's otc stock expected returns. We can calculate the autocorrelation of Cantex Mine returns to help us make a trade decision. For example, suppose you find that Cantex Mine has exhibited high autocorrelation historically, and you observe that the otc 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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Cantex Mine 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 Cantex Mine otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cantex Mine otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cantex Mine otc stock over time.
Current vs Lagged Prices |
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Cantex Mine Lagged Returns
When evaluating Cantex Mine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cantex Mine otc stock have on its future price. Cantex Mine 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, Cantex Mine autocorrelation shows the relationship between Cantex Mine otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cantex Mine Development.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cantex OTC Stock
Cantex Mine financial ratios help investors to determine whether Cantex OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cantex with respect to the benefits of owning Cantex Mine security.