District Metals Corp Stock Market Value

DMX Stock  CAD 0.37  0.01  2.78%   
District Metals' 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 Corp investors about its performance. District Metals is selling for under 0.37 as of the 9th of December 2024; that is 2.78% increase since the beginning of the trading day. The stock's lowest day price was 0.37.
With this module, you can estimate the performance of a buy and hold strategy of District Metals Corp 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.
Symbol

District Metals Corp Price To Book Ratio

Please note, there is a significant difference between District Metals' 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' 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' 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
07/18/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/09/2024
0.00
If you would invest  0.00  in District Metals on July 18, 2023 and sell it all today you would earn a total of 0.00 from holding District Metals Corp or generate 0.0% return on investment in District Metals over 510 days. District Metals is related to or competes with Equity Metals, GR Silver, AbraSilver Resource, and Defiance Silver. 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' 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 Corp upside and downside potential and time the market with a certain degree of confidence.

District Metals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for District Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as District Metals' standard deviation. In reality, there are many statistical measures that can use District Metals historical prices to predict the future District Metals' volatility.
Hype
Prediction
LowEstimatedHigh
0.020.374.45
Details
Intrinsic
Valuation
LowRealHigh
0.020.304.38
Details
Naive
Forecast
LowNextHigh
0.010.364.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.320.360.39
Details

District Metals Corp Backtested Returns

District Metals appears to be out of control, given 3 months investment horizon. District Metals Corp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing District Metals' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize District Metals' Coefficient Of Variation of 725.5, downside deviation of 4.47, and Mean Deviation of 3.02 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, District Metals holds a performance score of 11. 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, District Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding District Metals is expected to be smaller as well. Please check District Metals' maximum drawdown and the relationship between the semi variance and day typical price , to make a quick decision on whether District Metals' price patterns will revert.

Auto-correlation

    
  0.20  

Weak predictability

District Metals Corp has weak predictability. Overlapping area represents the amount of predictability between District Metals time series from 18th of July 2023 to 29th of March 2024 and 29th of March 2024 to 9th 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 District Metals Corp price movement. The serial correlation of 0.2 indicates that over 20.0% of current District Metals price fluctuation can be explain by its past prices.
Correlation Coefficient0.2
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.0

District Metals Corp 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' 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' 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 Corp.
   Regressed Prices   
       Timeline  

Thematic Opportunities

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Additional Tools for District Stock Analysis

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