Discovery Harbour Resources Stock Market Value
| DHR Stock | CAD 0.07 0.00 0.00% |
| Symbol | Discovery |
Discovery Harbour '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 Discovery Harbour'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 Discovery Harbour.
| 12/26/2024 |
| 01/25/2025 |
If you would invest 0.00 in Discovery Harbour on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Discovery Harbour Resources or generate 0.0% return on investment in Discovery Harbour over 30 days. Discovery Harbour is related to or competes with Sun Peak, Ramp Metals, Advent Wireless, Dream Office, and Rogers Communications. Discovery Harbour Resources Corp., a mineral exploration company, engages in the acquisition, exploration, and evaluatio... More
Discovery Harbour 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 Discovery Harbour'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 Discovery Harbour Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 12.5 |
Discovery Harbour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Discovery Harbour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Discovery Harbour's standard deviation. In reality, there are many statistical measures that can use Discovery Harbour historical prices to predict the future Discovery Harbour's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.59) |
Discovery Harbour Backtested Returns
Discovery Harbour secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18 % return per unit of risk over the last 3 months. Discovery Harbour Resources exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Discovery Harbour's Standard Deviation of 2.11, variance of 4.44, and Mean Deviation of 0.7371 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, Discovery Harbour's returns are expected to increase less than the market. However, during the bear market, the loss of holding Discovery Harbour is expected to be smaller as well. At this point, Discovery Harbour has a negative expected return of -0.38%. Please make sure to confirm Discovery Harbour's treynor ratio and rate of daily change , to decide if Discovery Harbour performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Discovery Harbour Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Discovery Harbour time series from 26th of December 2024 to 10th of January 2025 and 10th of January 2025 to 25th 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 Discovery Harbour price movement. The serial correlation of 0.0 indicates that just 0.0% of current Discovery Harbour price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Discovery Harbour lagged returns against current returns
Autocorrelation, which is Discovery Harbour 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 Discovery Harbour's stock expected returns. We can calculate the autocorrelation of Discovery Harbour returns to help us make a trade decision. For example, suppose you find that Discovery Harbour 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 |
Discovery Harbour 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 Discovery Harbour stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Discovery Harbour stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Discovery Harbour stock over time.
Current vs Lagged Prices |
| Timeline |
Discovery Harbour Lagged Returns
When evaluating Discovery Harbour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Discovery Harbour stock have on its future price. Discovery Harbour 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, Discovery Harbour autocorrelation shows the relationship between Discovery Harbour stock current value and its past values and can show if there is a momentum factor associated with investing in Discovery Harbour Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Discovery Stock Analysis
When running Discovery Harbour's price analysis, check to measure Discovery Harbour's 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 Discovery Harbour is operating at the current time. Most of Discovery Harbour's value examination focuses on studying past and present price action to predict the probability of Discovery Harbour's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discovery Harbour's price. Additionally, you may evaluate how the addition of Discovery Harbour to your portfolios can decrease your overall portfolio volatility.