Caravel Minerals (Australia) Market Value
| CVV Stock | 0.19 0.01 5.00% |
| Symbol | Caravel |
Caravel 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 Caravel 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 Caravel Minerals.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Caravel Minerals on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Caravel Minerals or generate 0.0% return on investment in Caravel Minerals over 30 days. Caravel Minerals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, and Perseus Mining. Caravel Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Caravel 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 Caravel 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 Caravel Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.63 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 22.88 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.67 |
Caravel Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caravel Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caravel Minerals' standard deviation. In reality, there are many statistical measures that can use Caravel Minerals historical prices to predict the future Caravel Minerals' volatility.| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | 0.4636 | |||
| Total Risk Alpha | 0.3203 | |||
| Sortino Ratio | 0.0637 | |||
| Treynor Ratio | (0.52) |
Caravel Minerals Backtested Returns
Caravel Minerals appears to be out of control, given 3 months investment horizon. Caravel Minerals 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. We have found twenty-nine technical indicators for Caravel Minerals, which you can use to evaluate the volatility of the firm. Please makes use of Caravel Minerals' Mean Deviation of 2.94, risk adjusted performance of 0.0894, and Downside Deviation of 6.63 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Caravel Minerals holds a performance score of 8. The firm shows a Beta (market volatility) of -0.86, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Caravel Minerals are expected to decrease slowly. On the other hand, during market turmoil, Caravel Minerals is expected to outperform it slightly. Please check Caravel Minerals' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Caravel Minerals' price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Caravel Minerals has good reverse predictability. Overlapping area represents the amount of predictability between Caravel Minerals time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Caravel Minerals price movement. The serial correlation of -0.54 indicates that about 54.0% of current Caravel Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Caravel Minerals lagged returns against current returns
Autocorrelation, which is Caravel 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 Caravel Minerals' stock expected returns. We can calculate the autocorrelation of Caravel Minerals returns to help us make a trade decision. For example, suppose you find that Caravel 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 |
| Timeline |
Caravel 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 Caravel Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caravel Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caravel Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Caravel Minerals Lagged Returns
When evaluating Caravel Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caravel Minerals stock have on its future price. Caravel 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, Caravel Minerals autocorrelation shows the relationship between Caravel Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Caravel Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Caravel Stock Analysis
When running Caravel Minerals' price analysis, check to measure Caravel 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 Caravel Minerals is operating at the current time. Most of Caravel Minerals' value examination focuses on studying past and present price action to predict the probability of Caravel Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caravel Minerals' price. Additionally, you may evaluate how the addition of Caravel Minerals to your portfolios can decrease your overall portfolio volatility.