Camino Minerals Stock Market Value
| COR Stock | CAD 0.07 0.01 12.50% |
| Symbol | Camino |
Camino Minerals Price To Book Ratio
Camino Minerals '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 Camino Minerals' 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 Camino Minerals.
| 10/24/2022 |
| 04/16/2024 |
If you would invest 0.00 in Camino Minerals on October 24, 2022 and sell it all today you would earn a total of 0.00 from holding Camino Minerals or generate 0.0% return on investment in Camino Minerals over 540 days. Camino Minerals is related to or competes with Rio2, Zedcor Energy, TeraGo, Condor Energies, TRX Gold, Excellon Resources, and Moneta Gold. Camino Minerals Corporation, an exploration stage company, engages in the exploration and development of mineral propert... More
Camino Minerals 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 Camino Minerals' 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 Camino Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 48.57 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Camino Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Camino Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Camino Minerals' standard deviation. In reality, there are many statistical measures that can use Camino Minerals historical prices to predict the future Camino Minerals' volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Camino Minerals' 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.
Camino Minerals Backtested Returns
Camino Minerals secures Sharpe Ratio (or Efficiency) of -0.0021, which signifies that the company had a -0.0021% return per unit of risk over the last 3 months. Camino Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Camino Minerals' Standard Deviation of 8.65, risk adjusted performance of 0.008, and Mean Deviation of 4.8 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.55, which signifies 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, Camino Minerals will likely underperform. Camino Minerals has an expected return of -0.0186%. Please make sure to confirm Camino Minerals maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if Camino Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Camino Minerals has average predictability. Overlapping area represents the amount of predictability between Camino Minerals time series from 24th of October 2022 to 21st of July 2023 and 21st of July 2023 to 16th of April 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 Camino Minerals price movement. The serial correlation of 0.49 indicates that about 49.0% of current Camino Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Camino Minerals lagged returns against current returns
Autocorrelation, which is Camino Minerals 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 Camino Minerals' stock expected returns. We can calculate the autocorrelation of Camino Minerals returns to help us make a trade decision. For example, suppose you find that Camino Minerals 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 |
Camino Minerals 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 Camino Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Camino Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Camino Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Camino Minerals Lagged Returns
When evaluating Camino Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Camino Minerals stock have on its future price. Camino Minerals 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, Camino Minerals autocorrelation shows the relationship between Camino Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Camino Minerals.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Camino Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Camino Minerals' short interest history, or implied volatility extrapolated from Camino Minerals options trading.
Pair Trading with Camino Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Camino Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Camino Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Camino Stock
| 0.42 | WMT | Walmart Inc CDR | PairCorr |
| 0.41 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Camino Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Camino Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Camino Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Camino Minerals to buy it.
The correlation of Camino Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Camino Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Camino Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Camino Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Camino Minerals Correlation, Camino Minerals Volatility and Camino Minerals Alpha and Beta module to complement your research on Camino Minerals. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Camino Stock analysis
When running Camino Minerals' price analysis, check to measure Camino Minerals' 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 Camino Minerals is operating at the current time. Most of Camino Minerals' value examination focuses on studying past and present price action to predict the probability of Camino Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camino Minerals' price. Additionally, you may evaluate how the addition of Camino Minerals to your portfolios can decrease your overall portfolio volatility.
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Camino Minerals 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.