Encanto Potash Corp Stock Market Value
| ENCTF Stock | USD 0.03 0.00 0.00% |
| Symbol | Encanto |
Encanto Potash '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 Encanto Potash's pink sheet 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 Encanto Potash.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Encanto Potash on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Encanto Potash Corp or generate 0.0% return on investment in Encanto Potash over 510 days. Encanto Potash is related to or competes with Rio Tinto, BHP Group, Teck Resources, MP Materials, Lithium Americas, and Vale SA. Encanto Potash Corp. engages in the exploration and development of potash properties in the province of Saskatchewan, Ca... More
Encanto Potash 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 Encanto Potash's pink sheet 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 Encanto Potash Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 8.04 |
Encanto Potash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Encanto Potash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Encanto Potash's standard deviation. In reality, there are many statistical measures that can use Encanto Potash historical prices to predict the future Encanto Potash's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (1.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Encanto Potash's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Encanto Potash Corp Backtested Returns
Encanto Potash Corp secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of standard deviation over the last 3 months. Encanto Potash Corp exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Encanto Potash's Standard Deviation of 0.9892, coefficient of variation of (783.56), and Mean Deviation of 0.2448 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Encanto Potash's returns are expected to increase less than the market. However, during the bear market, the loss of holding Encanto Potash is expected to be smaller as well. At this point, Encanto Potash Corp has a negative expected return of -0.13%. Please make sure to confirm Encanto Potash's variance, as well as the relationship between the skewness and day typical price , to decide if Encanto Potash Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Encanto Potash Corp has good predictability. Overlapping area represents the amount of predictability between Encanto Potash time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Encanto Potash Corp price movement. The serial correlation of 0.68 indicates that around 68.0% of current Encanto Potash price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Encanto Potash Corp lagged returns against current returns
Autocorrelation, which is Encanto Potash pink sheet'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 Encanto Potash's pink sheet expected returns. We can calculate the autocorrelation of Encanto Potash returns to help us make a trade decision. For example, suppose you find that Encanto Potash has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Encanto Potash 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 Encanto Potash pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Encanto Potash pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Encanto Potash pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Encanto Potash Lagged Returns
When evaluating Encanto Potash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Encanto Potash pink sheet have on its future price. Encanto Potash 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, Encanto Potash autocorrelation shows the relationship between Encanto Potash pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Encanto Potash Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Encanto Pink Sheet
Encanto Potash financial ratios help investors to determine whether Encanto Pink Sheet 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 Encanto with respect to the benefits of owning Encanto Potash security.