Ximen Mining Corp Stock Market Value
| XIM Stock | CAD 0.09 0.01 6.25% |
| Symbol | Ximen |
Ximen Mining Corp Price To Book Ratio
Ximen 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 Ximen 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 Ximen Mining.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Ximen Mining on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Ximen Mining Corp or generate 0.0% return on investment in Ximen Mining over 30 days. Ximen Mining is related to or competes with Arizona Sonoran, and QC Copper. Ximen Mining Corp. engages in the acquisition, exploration, and evaluation of mineral properties in British Columbia, Ca... More
Ximen 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 Ximen 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 Ximen Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 44.5 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 10.0 |
Ximen Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ximen Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ximen Mining's standard deviation. In reality, there are many statistical measures that can use Ximen Mining historical prices to predict the future Ximen Mining's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.62) |
Ximen Mining Corp Backtested Returns
Ximen Mining Corp shows Sharpe Ratio of -0.0217, which attests that the company had a -0.0217% return per unit of risk over the last 3 months. Ximen Mining Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ximen Mining's Standard Deviation of 6.97, market risk adjusted performance of (0.61), and Mean Deviation of 3.22 to validate the risk estimate we provide. The firm maintains a market beta of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Ximen Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ximen Mining is expected to be smaller as well. At this point, Ximen Mining Corp has a negative expected return of -0.15%. Please make sure to check out Ximen Mining's skewness, as well as the relationship between the day median price and relative strength index , to decide if Ximen Mining Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Ximen Mining Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Ximen Mining time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Ximen Mining Corp price movement. The serial correlation of -0.47 indicates that about 47.0% of current Ximen Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ximen Mining Corp lagged returns against current returns
Autocorrelation, which is Ximen 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 Ximen Mining's stock expected returns. We can calculate the autocorrelation of Ximen Mining returns to help us make a trade decision. For example, suppose you find that Ximen 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 |
Ximen 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 Ximen Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ximen Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ximen Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Ximen Mining Lagged Returns
When evaluating Ximen Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ximen Mining stock have on its future price. Ximen 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, Ximen Mining autocorrelation shows the relationship between Ximen Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Ximen Mining Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ximen Stock Analysis
When running Ximen Mining's price analysis, check to measure Ximen Mining'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 Ximen Mining is operating at the current time. Most of Ximen Mining's value examination focuses on studying past and present price action to predict the probability of Ximen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ximen Mining's price. Additionally, you may evaluate how the addition of Ximen Mining to your portfolios can decrease your overall portfolio volatility.