Diamcor Mining Stock Market Value
| DMI Stock | CAD 0.02 0.00 0.00% |
| Symbol | Diamcor |
Diamcor Mining Price To Book Ratio
Diamcor Mining '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 Diamcor Mining'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 Diamcor Mining.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Diamcor Mining on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Diamcor Mining or generate 0.0% return on investment in Diamcor Mining over 90 days. Diamcor Mining is related to or competes with Tsodilo Resources, and Gunpoint Exploration. Diamcor Mining Inc., a junior mining and exploration company, identifies, acquires, explores for, evaluates, operates, a... More
Diamcor Mining 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 Diamcor Mining'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 Diamcor Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (25.00) |
Diamcor Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamcor Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamcor Mining's standard deviation. In reality, there are many statistical measures that can use Diamcor Mining historical prices to predict the future Diamcor Mining's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | 1.69 | |||
| Treynor Ratio | (0.87) |
Diamcor Mining Backtested Returns
We have found seventeen technical indicators for Diamcor Mining, which you can use to evaluate the volatility of the firm. Please confirm Diamcor Mining's Coefficient Of Variation of (5,078), standard deviation of 12.82, and Mean Deviation of 4.51 to check if the risk estimate we provide is consistent with the expected return of 0.0%. The firm shows a Beta (market volatility) of 0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, Diamcor Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Diamcor Mining is expected to be smaller as well. Diamcor Mining right now shows a risk of 11.79%. Please confirm Diamcor Mining standard deviation, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Diamcor Mining will be following its price patterns.
Auto-correlation | 0.45 |
Average predictability
Diamcor Mining has average predictability. Overlapping area represents the amount of predictability between Diamcor Mining time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 Diamcor Mining price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Diamcor Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diamcor Mining lagged returns against current returns
Autocorrelation, which is Diamcor Mining 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 Diamcor Mining's stock expected returns. We can calculate the autocorrelation of Diamcor Mining returns to help us make a trade decision. For example, suppose you find that Diamcor Mining 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 |
Diamcor Mining 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 Diamcor Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamcor Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamcor Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Diamcor Mining Lagged Returns
When evaluating Diamcor Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamcor Mining stock have on its future price. Diamcor Mining 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, Diamcor Mining autocorrelation shows the relationship between Diamcor Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Diamcor Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Diamcor Stock Analysis
When running Diamcor Mining's price analysis, check to measure Diamcor Mining'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 Diamcor Mining is operating at the current time. Most of Diamcor Mining's value examination focuses on studying past and present price action to predict the probability of Diamcor Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamcor Mining's price. Additionally, you may evaluate how the addition of Diamcor Mining to your portfolios can decrease your overall portfolio volatility.