Comstock Mining Stock Market Value
| LODE Stock | USD 0.43 0.02 6.05% |
| Symbol | Comstock |
Comstock Mining Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comstock Mining. If investors know Comstock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comstock Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 26.933 | Earnings Share (0.12) | Revenue Per Share 0.013 | Quarterly Revenue Growth (0.27) | Return On Assets (0.12) |
The market value of Comstock Mining is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Mining's value that differs from its market value or its book value, called intrinsic value, which is Comstock Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comstock Mining's market value can be influenced by many factors that don't directly affect Comstock Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comstock Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Mining'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.
Comstock 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 Comstock 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 Comstock Mining.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Comstock Mining on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Comstock Mining or generate 0.0% return on investment in Comstock Mining over 360 days. Comstock Mining is related to or competes with New England, Marcus Millichap, FirstService Corp, Maui Land, Frp Holdings, Transcontinental, and Anywhere Real. Comstock Inc. engages in the exploration, development, and production of mineral properties in Nevada More
Comstock 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 Comstock 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 Comstock Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.12 | |||
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 50.97 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 14.81 |
Comstock Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comstock Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comstock Mining's standard deviation. In reality, there are many statistical measures that can use Comstock Mining historical prices to predict the future Comstock Mining's volatility.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.9001 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.1029 | |||
| Treynor Ratio | 2.18 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Comstock Mining'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.
Comstock Mining Backtested Returns
Comstock Mining appears to be abnormally volatile, given 3 months investment horizon. Comstock Mining secures Sharpe Ratio (or Efficiency) of 0.0861, which signifies that the company had a 0.0861% return per unit of risk over the last 3 months. By analyzing Comstock Mining's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please makes use of Comstock Mining's Mean Deviation of 6.89, downside deviation of 8.12, and Risk Adjusted Performance of 0.0872 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Comstock Mining holds a performance score of 6. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Comstock Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Comstock Mining is expected to be smaller as well. Please check Comstock Mining's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Comstock Mining's price patterns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Comstock Mining has excellent reverse predictability. Overlapping area represents the amount of predictability between Comstock Mining time series from 17th of December 2023 to 14th of June 2024 and 14th of June 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 Comstock Mining price movement. The serial correlation of -0.82 indicates that around 82.0% of current Comstock Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Comstock Mining lagged returns against current returns
Autocorrelation, which is Comstock 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 Comstock Mining's stock expected returns. We can calculate the autocorrelation of Comstock Mining returns to help us make a trade decision. For example, suppose you find that Comstock 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 |
Comstock 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 Comstock Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comstock Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comstock Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Comstock Mining Lagged Returns
When evaluating Comstock Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comstock Mining stock have on its future price. Comstock 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, Comstock Mining autocorrelation shows the relationship between Comstock Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Comstock Mining.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Comstock Mining is a strong investment it is important to analyze Comstock Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Comstock Mining's future performance. For an informed investment choice regarding Comstock Stock, refer to the following important reports:Check out Comstock Mining Correlation, Comstock Mining Volatility and Comstock Mining Alpha and Beta module to complement your research on Comstock Mining. For information on how to trade Comstock Stock refer to our How to Trade Comstock Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Comstock Mining technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.