Chatham Rock Phosphate Stock Market Value
| NZP Stock | CAD 0.10 0.03 42.86% |
| Symbol | Chatham |
Chatham Rock Phosphate Price To Book Ratio
Chatham Rock '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 Chatham Rock'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 Chatham Rock.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Chatham Rock on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Chatham Rock Phosphate or generate 0.0% return on investment in Chatham Rock over 30 days. Chatham Rock is related to or competes with Foraco International, Geodrill, Major Drilling, and Bri Chem. Chatham Rock Phosphate Limited operates as a junior mineral development company More
Chatham Rock 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 Chatham Rock'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 Chatham Rock Phosphate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.74 | |||
| Information Ratio | 0.0702 | |||
| Maximum Drawdown | 50.79 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Chatham Rock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chatham Rock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chatham Rock's standard deviation. In reality, there are many statistical measures that can use Chatham Rock historical prices to predict the future Chatham Rock's volatility.| Risk Adjusted Performance | 0.0674 | |||
| Jensen Alpha | 0.931 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0375 | |||
| Treynor Ratio | (0.52) |
Chatham Rock Phosphate Backtested Returns
Chatham Rock appears to be out of control, given 3 months investment horizon. Chatham Rock Phosphate secures Sharpe Ratio (or Efficiency) of 0.0815, which signifies that the company had a 0.0815% return per unit of standard deviation over the last 3 months. By analyzing Chatham Rock's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of Chatham Rock's risk adjusted performance of 0.0674, and Mean Deviation of 4.95 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chatham Rock holds a performance score of 6. The firm shows a Beta (market volatility) of -1.54, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Chatham Rock are expected to decrease by larger amounts. On the other hand, during market turmoil, Chatham Rock is expected to outperform it. Please check Chatham Rock's information ratio and the relationship between the maximum drawdown and day median price , to make a quick decision on whether Chatham Rock's price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Chatham Rock Phosphate has poor predictability. Overlapping area represents the amount of predictability between Chatham Rock time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Chatham Rock Phosphate price movement. The serial correlation of 0.25 indicates that over 25.0% of current Chatham Rock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chatham Rock Phosphate lagged returns against current returns
Autocorrelation, which is Chatham Rock 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 Chatham Rock's stock expected returns. We can calculate the autocorrelation of Chatham Rock returns to help us make a trade decision. For example, suppose you find that Chatham Rock 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 |
Chatham Rock 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 Chatham Rock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chatham Rock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chatham Rock stock over time.
Current vs Lagged Prices |
| Timeline |
Chatham Rock Lagged Returns
When evaluating Chatham Rock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chatham Rock stock have on its future price. Chatham Rock 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, Chatham Rock autocorrelation shows the relationship between Chatham Rock stock current value and its past values and can show if there is a momentum factor associated with investing in Chatham Rock Phosphate.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Chatham Stock Analysis
When running Chatham Rock's price analysis, check to measure Chatham Rock'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 Chatham Rock is operating at the current time. Most of Chatham Rock's value examination focuses on studying past and present price action to predict the probability of Chatham Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chatham Rock's price. Additionally, you may evaluate how the addition of Chatham Rock to your portfolios can decrease your overall portfolio volatility.