Xxix Metal Corp Stock Market Value
| XXIX Stock | 0.12 0.01 9.09% |
| Symbol | XXIX |
XXIX Metal '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 XXIX Metal'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 XXIX Metal.
| 09/10/2023 |
| 01/02/2025 |
If you would invest 0.00 in XXIX Metal on September 10, 2023 and sell it all today you would earn a total of 0.00 from holding XXIX Metal Corp or generate 0.0% return on investment in XXIX Metal over 480 days. XXIX Metal is related to or competes with Diversified Royalty, Renoworks Software, Plaza Retail, Firan Technology, Primaris Retail, and Atrium Mortgage. XXIX Metal is entity of Canada. It is traded as Stock on V exchange. More
XXIX Metal 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 XXIX Metal'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 XXIX Metal Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
XXIX Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XXIX Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XXIX Metal's standard deviation. In reality, there are many statistical measures that can use XXIX Metal historical prices to predict the future XXIX Metal's volatility.| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.2627 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of XXIX Metal'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.
XXIX Metal Corp Backtested Returns
XXIX Metal Corp shows Sharpe Ratio of -0.0476, which attests that the company had a -0.0476% return per unit of standard deviation over the last 3 months. XXIX Metal Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XXIX Metal's Mean Deviation of 2.04, risk adjusted performance of 0.0019, and Standard Deviation of 4.27 to validate the risk estimate we provide. The firm maintains a market beta of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning XXIX Metal are expected to decrease at a much lower rate. During the bear market, XXIX Metal is likely to outperform the market. At this point, XXIX Metal Corp has a negative expected return of -0.19%. Please make sure to check out XXIX Metal's skewness, day median price, and the relationship between the treynor ratio and daily balance of power , to decide if XXIX Metal Corp performance from the past will be repeated at some future point.
Auto-correlation | 0.02 |
Virtually no predictability
XXIX Metal Corp has virtually no predictability. Overlapping area represents the amount of predictability between XXIX Metal time series from 10th of September 2023 to 7th of May 2024 and 7th of May 2024 to 2nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of XXIX Metal Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current XXIX Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XXIX Metal Corp lagged returns against current returns
Autocorrelation, which is XXIX Metal 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 XXIX Metal's stock expected returns. We can calculate the autocorrelation of XXIX Metal returns to help us make a trade decision. For example, suppose you find that XXIX Metal 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 |
XXIX Metal 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 XXIX Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XXIX Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XXIX Metal stock over time.
Current vs Lagged Prices |
| Timeline |
XXIX Metal Lagged Returns
When evaluating XXIX Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XXIX Metal stock have on its future price. XXIX Metal 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, XXIX Metal autocorrelation shows the relationship between XXIX Metal stock current value and its past values and can show if there is a momentum factor associated with investing in XXIX Metal Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for XXIX Stock Analysis
When running XXIX Metal's price analysis, check to measure XXIX Metal'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 XXIX Metal is operating at the current time. Most of XXIX Metal's value examination focuses on studying past and present price action to predict the probability of XXIX Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XXIX Metal's price. Additionally, you may evaluate how the addition of XXIX Metal to your portfolios can decrease your overall portfolio volatility.