DISTRICT METALS's market value is the price at which a share of DISTRICT METALS trades on a public exchange. It measures the collective expectations of DISTRICT METALS investors about its performance. DISTRICT METALS is trading at 0.25 as of the 18th of January 2025. This is a 3.85 percent down since the beginning of the trading day. The stock's lowest day price was 0.25. With this module, you can estimate the performance of a buy and hold strategy of DISTRICT METALS and determine expected loss or profit from investing in DISTRICT METALS over a given investment horizon. Check out DISTRICT METALS Correlation, DISTRICT METALS Volatility and DISTRICT METALS Alpha and Beta module to complement your research on DISTRICT METALS.
Please note, there is a significant difference between DISTRICT METALS's value and its price as these two are different measures arrived at by different means. Investors typically determine if DISTRICT METALS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DISTRICT METALS's 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.
DISTRICT 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 DISTRICT METALS's 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 DISTRICT METALS.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in DISTRICT METALS on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding DISTRICT METALS or generate 0.0% return on investment in DISTRICT METALS over 30 days. DISTRICT METALS is related to or competes with Sanyo Chemical, SILICON LABORATOR, Sunny Optical, Alfa Financial, Casio Computer, SEKISUI CHEMICAL, and SMA Solar. District Metals Corp., a junior mineral exploration stage company, acquires, explores for, and evaluates natural resourc... More
DISTRICT 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 DISTRICT METALS's 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 DISTRICT METALS upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for DISTRICT METALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DISTRICT METALS's standard deviation. In reality, there are many statistical measures that can use DISTRICT METALS historical prices to predict the future DISTRICT METALS's volatility.
DISTRICT METALS secures Sharpe Ratio (or Efficiency) of -0.018, which denotes the company had a -0.018% return per unit of volatility over the last 3 months. DISTRICT METALS exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DISTRICT METALS's Market Risk Adjusted Performance of (0.70), downside deviation of 5.79, and Mean Deviation of 3.08 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DISTRICT METALS are expected to decrease at a much lower rate. During the bear market, DISTRICT METALS is likely to outperform the market. At this point, DISTRICT METALS has a negative expected return of -0.0832%. Please make sure to confirm DISTRICT METALS's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if DISTRICT METALS performance from the past will be repeated in the future.
Auto-correlation
0.65
Good predictability
DISTRICT METALS has good predictability. Overlapping area represents the amount of predictability between DISTRICT METALS time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 DISTRICT METALS price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current DISTRICT METALS price fluctuation can be explain by its past prices.
Correlation Coefficient
0.65
Spearman Rank Test
0.32
Residual Average
0.0
Price Variance
0.0
DISTRICT METALS lagged returns against current returns
Autocorrelation, which is DISTRICT 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 DISTRICT METALS's stock expected returns. We can calculate the autocorrelation of DISTRICT METALS returns to help us make a trade decision. For example, suppose you find that DISTRICT 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
DISTRICT 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 DISTRICT METALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DISTRICT METALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DISTRICT METALS stock over time.
Current vs Lagged Prices
Timeline
DISTRICT METALS Lagged Returns
When evaluating DISTRICT METALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DISTRICT METALS stock have on its future price. DISTRICT 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, DISTRICT METALS autocorrelation shows the relationship between DISTRICT METALS stock current value and its past values and can show if there is a momentum factor associated with investing in DISTRICT METALS.
DISTRICT METALS financial ratios help investors to determine whether DISTRICT 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 DISTRICT with respect to the benefits of owning DISTRICT METALS security.