Defense Metals Corp Stock Market Value

DEFN Stock  CAD 0.14  0.01  7.69%   
Defense Metals' market value is the price at which a share of Defense Metals trades on a public exchange. It measures the collective expectations of Defense Metals Corp investors about its performance. Defense Metals is selling for under 0.14 as of the 23rd of December 2024; that is 7.69% increase since the beginning of the trading day. The stock's lowest day price was 0.13.
With this module, you can estimate the performance of a buy and hold strategy of Defense Metals Corp and determine expected loss or profit from investing in Defense Metals over a given investment horizon. Check out Defense Metals Correlation, Defense Metals Volatility and Defense Metals Alpha and Beta module to complement your research on Defense Metals.
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Defense Metals Corp Price To Book Ratio

Please note, there is a significant difference between Defense Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Defense Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defense Metals' 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.

Defense 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 Defense 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 Defense Metals.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in Defense Metals on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Defense Metals Corp or generate 0.0% return on investment in Defense Metals over 30 days. Defense Metals is related to or competes with Outcrop Gold, and Grande Portage. Defense Metals Corp., a junior exploration company, engages in the acquisition and exploration of mineral properties in ... More

Defense 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 Defense 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 Defense Metals Corp upside and downside potential and time the market with a certain degree of confidence.

Defense Metals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Defense Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Defense Metals' standard deviation. In reality, there are many statistical measures that can use Defense Metals historical prices to predict the future Defense Metals' volatility.
Hype
Prediction
LowEstimatedHigh
0.010.147.88
Details
Intrinsic
Valuation
LowRealHigh
0.010.117.85
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Defense Metals Corp Backtested Returns

Defense Metals appears to be out of control, given 3 months investment horizon. Defense Metals Corp secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By reviewing Defense Metals' technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please utilize Defense Metals' Coefficient Of Variation of 802.11, mean deviation of 5.81, and Downside Deviation of 9.07 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Defense Metals holds a performance score of 9. The firm shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Defense Metals are expected to decrease at a much lower rate. During the bear market, Defense Metals is likely to outperform the market. Please check Defense Metals' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Defense Metals' price patterns will revert.

Auto-correlation

    
  0.77  

Good predictability

Defense Metals Corp has good predictability. Overlapping area represents the amount of predictability between Defense Metals time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Defense Metals Corp price movement. The serial correlation of 0.77 indicates that around 77.0% of current Defense Metals price fluctuation can be explain by its past prices.
Correlation Coefficient0.77
Spearman Rank Test0.71
Residual Average0.0
Price Variance0.0

Defense Metals Corp lagged returns against current returns

Autocorrelation, which is Defense 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 Defense Metals' stock expected returns. We can calculate the autocorrelation of Defense Metals returns to help us make a trade decision. For example, suppose you find that Defense 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  

Defense 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 Defense Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Defense Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Defense Metals stock over time.
   Current vs Lagged Prices   
       Timeline  

Defense Metals Lagged Returns

When evaluating Defense Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Defense Metals stock have on its future price. Defense 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, Defense Metals autocorrelation shows the relationship between Defense Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Defense Metals Corp.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Defense Stock Analysis

When running Defense Metals' price analysis, check to measure Defense 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 Defense Metals is operating at the current time. Most of Defense Metals' value examination focuses on studying past and present price action to predict the probability of Defense Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Defense Metals' price. Additionally, you may evaluate how the addition of Defense Metals to your portfolios can decrease your overall portfolio volatility.