Cornish Metals (UK) Market Value
| CUSN Stock | 7.90 0.16 1.99% |
| Symbol | Cornish |
Cornish Metals '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 Cornish Metals' 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 Cornish Metals.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Cornish Metals on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Cornish Metals or generate 0.0% return on investment in Cornish Metals over 90 days. Cornish Metals is related to or competes with Critical Metals, Ecclesiastical Insurance, AMG Advanced, GoldMining, Synthomer Plc, Endeavour Mining, and Pets At. Cornish Metals is entity of United Kingdom More
Cornish Metals 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 Cornish Metals' 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 Cornish Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0339 | |||
| Maximum Drawdown | 12.45 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 5.99 |
Cornish Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cornish Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cornish Metals' standard deviation. In reality, there are many statistical measures that can use Cornish Metals historical prices to predict the future Cornish Metals' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.2505 | |||
| Treynor Ratio | 0.2212 |
Cornish Metals Backtested Returns
Cornish Metals secures Sharpe Ratio (or Efficiency) of -0.083, which signifies that the company had a -0.083 % return per unit of risk over the last 3 months. Cornish Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cornish Metals' Standard Deviation of 2.26, mean deviation of 1.45, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cornish Metals are expected to decrease at a much lower rate. During the bear market, Cornish Metals is likely to outperform the market. At this point, Cornish Metals has a negative expected return of -0.17%. Please make sure to confirm Cornish Metals' treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Cornish Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Cornish Metals has poor predictability. Overlapping area represents the amount of predictability between Cornish Metals time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Cornish Metals price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Cornish Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Cornish Metals lagged returns against current returns
Autocorrelation, which is Cornish Metals 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 Cornish Metals' stock expected returns. We can calculate the autocorrelation of Cornish Metals returns to help us make a trade decision. For example, suppose you find that Cornish Metals 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 |
Cornish Metals 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 Cornish Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cornish Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cornish Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Cornish Metals Lagged Returns
When evaluating Cornish Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cornish Metals stock have on its future price. Cornish Metals 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, Cornish Metals autocorrelation shows the relationship between Cornish Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Cornish Metals.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Cornish Stock Analysis
When running Cornish Metals' price analysis, check to measure Cornish Metals' 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 Cornish Metals is operating at the current time. Most of Cornish Metals' value examination focuses on studying past and present price action to predict the probability of Cornish Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cornish Metals' price. Additionally, you may evaluate how the addition of Cornish Metals to your portfolios can decrease your overall portfolio volatility.