Decade Resources Stock Market Value
| DECXF Stock | USD 0.03 0 3.33% |
| Symbol | Decade |
Decade 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 Decade Resources' pink sheet 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 Decade Resources.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Decade Resources on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Decade Resources or generate 0.0% return on investment in Decade Resources over 720 days. Decade Resources is related to or competes with IGO, and Adriatic Metals. Decade Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral ... More
Decade 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 Decade Resources' pink sheet 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 Decade Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.98 | |||
| Information Ratio | 0.0071 | |||
| Maximum Drawdown | 85.58 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 18.29 |
Decade Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Decade Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Decade Resources' standard deviation. In reality, there are many statistical measures that can use Decade Resources historical prices to predict the future Decade Resources' volatility.| Risk Adjusted Performance | 0.0241 | |||
| Jensen Alpha | 0.2794 | |||
| Total Risk Alpha | (1.67) | |||
| Sortino Ratio | 0.004 | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Decade Resources' 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.
Decade Resources Backtested Returns
Decade Resources appears to be out of control, given 3 months investment horizon. Decade Resources secures Sharpe Ratio (or Efficiency) of 0.0371, which denotes the company had a 0.0371% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Decade Resources, which you can use to evaluate the volatility of the firm. Please utilize Decade Resources' Mean Deviation of 4.52, semi deviation of 7.54, and Downside Deviation of 19.98 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Decade Resources holds a performance score of 2. The firm shows a Beta (market volatility) of -0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Decade Resources are expected to decrease at a much lower rate. During the bear market, Decade Resources is likely to outperform the market. Please check Decade Resources' coefficient of variation, potential upside, day median price, as well as the relationship between the sortino ratio and skewness , to make a quick decision on whether Decade Resources' price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Decade Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Decade Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Decade Resources price movement. The serial correlation of -0.22 indicates that over 22.0% of current Decade Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Decade Resources lagged returns against current returns
Autocorrelation, which is Decade Resources pink sheet'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 Decade Resources' pink sheet expected returns. We can calculate the autocorrelation of Decade Resources returns to help us make a trade decision. For example, suppose you find that Decade Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Decade 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 Decade Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Decade Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Decade Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Decade Resources Lagged Returns
When evaluating Decade Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Decade Resources pink sheet have on its future price. Decade 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, Decade Resources autocorrelation shows the relationship between Decade Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Decade Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Decade Pink Sheet
Decade Resources financial ratios help investors to determine whether Decade Pink Sheet 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 Decade with respect to the benefits of owning Decade Resources security.