VANADIUMCORP RES's market value is the price at which a share of VANADIUMCORP RES trades on a public exchange. It measures the collective expectations of VANADIUMCORP RES investors about its performance. VANADIUMCORP RES is trading at 0.094 as of the 18th of December 2024. This is a 0.53% down since the beginning of the trading day. The stock's lowest day price was 0.094. With this module, you can estimate the performance of a buy and hold strategy of VANADIUMCORP RES and determine expected loss or profit from investing in VANADIUMCORP RES over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
VANADIUMCORP
VANADIUMCORP RES '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 VANADIUMCORP RES'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 VANADIUMCORP RES.
0.00
11/18/2024
No Change 0.00
0.0
In 30 days
12/18/2024
0.00
If you would invest 0.00 in VANADIUMCORP RES on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding VANADIUMCORP RES or generate 0.0% return on investment in VANADIUMCORP RES over 30 days.
VANADIUMCORP RES 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 VANADIUMCORP RES'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 VANADIUMCORP RES upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for VANADIUMCORP RES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VANADIUMCORP RES's standard deviation. In reality, there are many statistical measures that can use VANADIUMCORP RES historical prices to predict the future VANADIUMCORP RES's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as VANADIUMCORP RES. Your research has to be compared to or analyzed against VANADIUMCORP RES's peers to derive any actionable benefits. When done correctly, VANADIUMCORP RES's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in VANADIUMCORP RES.
VANADIUMCORP RES Backtested Returns
VANADIUMCORP RES is out of control given 3 months investment horizon. VANADIUMCORP RES owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the company had a 0.17% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 6.35% are justified by taking the suggested risk. Use VANADIUMCORP RES Risk Adjusted Performance of 0.1239, downside deviation of 38.53, and Market Risk Adjusted Performance of 4.59 to evaluate company specific risk that cannot be diversified away. VANADIUMCORP RES holds a performance score of 13 on a scale of zero to a hundred. The firm has a beta of 1.29, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, VANADIUMCORP RES will likely underperform. Use VANADIUMCORP RES sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on VANADIUMCORP RES.
Auto-correlation
-0.57
Good reverse predictability
VANADIUMCORP RES has good reverse predictability. Overlapping area represents the amount of predictability between VANADIUMCORP RES time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 VANADIUMCORP RES price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current VANADIUMCORP RES price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.57
Spearman Rank Test
-0.52
Residual Average
0.0
Price Variance
0.0
VANADIUMCORP RES lagged returns against current returns
Autocorrelation, which is VANADIUMCORP RES 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 VANADIUMCORP RES's stock expected returns. We can calculate the autocorrelation of VANADIUMCORP RES returns to help us make a trade decision. For example, suppose you find that VANADIUMCORP RES 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
VANADIUMCORP RES 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 VANADIUMCORP RES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VANADIUMCORP RES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VANADIUMCORP RES stock over time.
Current vs Lagged Prices
Timeline
VANADIUMCORP RES Lagged Returns
When evaluating VANADIUMCORP RES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VANADIUMCORP RES stock have on its future price. VANADIUMCORP RES 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, VANADIUMCORP RES autocorrelation shows the relationship between VANADIUMCORP RES stock current value and its past values and can show if there is a momentum factor associated with investing in VANADIUMCORP RES.