Colonial Coal International Stock Market Value
CAD Stock | CAD 2.12 0.04 1.85% |
Symbol | Colonial |
Colonial Coal Intern Price To Book Ratio
Colonial Coal '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 Colonial Coal'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 Colonial Coal.
05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Colonial Coal on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Colonial Coal International or generate 0.0% return on investment in Colonial Coal over 720 days. Colonial Coal is related to or competes with Berkshire Hathaway, Apple, Microsoft Corp, Alphabet, Amazon CDR, Exxon, and Meta Platforms. Colonial Coal International Corp., an exploration stage company, engages in the acquisition, exploration, and developmen... More
Colonial Coal 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 Colonial Coal'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 Colonial Coal International upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.83 | |||
Information Ratio | (0) | |||
Maximum Drawdown | 24.39 | |||
Value At Risk | (4.84) | |||
Potential Upside | 5.53 |
Colonial Coal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colonial Coal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colonial Coal's standard deviation. In reality, there are many statistical measures that can use Colonial Coal historical prices to predict the future Colonial Coal's volatility.Risk Adjusted Performance | 0.0202 | |||
Jensen Alpha | 0.0624 | |||
Total Risk Alpha | (0.42) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | (4.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Colonial Coal'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.
Colonial Coal Intern Backtested Returns
We consider Colonial Coal very risky. Colonial Coal Intern secures Sharpe Ratio (or Efficiency) of 0.0091, which signifies that the company had a 0.0091% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Colonial Coal International, which you can use to evaluate the volatility of the firm. Please confirm Colonial Coal's Risk Adjusted Performance of 0.0202, mean deviation of 2.43, and Downside Deviation of 2.83 to double-check if the risk estimate we provide is consistent with the expected return of 0.0339%. The firm shows a Beta (market volatility) of -0.0136, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Colonial Coal are expected to decrease at a much lower rate. During the bear market, Colonial Coal is likely to outperform the market. Colonial Coal Intern right now shows a risk of 3.71%. Please confirm Colonial Coal Intern jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Colonial Coal Intern will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Colonial Coal International has weak reverse predictability. Overlapping area represents the amount of predictability between Colonial Coal time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th 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 Colonial Coal Intern price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Colonial Coal price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.29 | |
Spearman Rank Test | -0.33 | |
Residual Average | 0.0 | |
Price Variance | 0.11 |
Colonial Coal Intern lagged returns against current returns
Autocorrelation, which is Colonial Coal 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 Colonial Coal's stock expected returns. We can calculate the autocorrelation of Colonial Coal returns to help us make a trade decision. For example, suppose you find that Colonial Coal 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 |
Colonial Coal 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 Colonial Coal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colonial Coal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colonial Coal stock over time.
Current vs Lagged Prices |
Timeline |
Colonial Coal Lagged Returns
When evaluating Colonial Coal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colonial Coal stock have on its future price. Colonial Coal 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, Colonial Coal autocorrelation shows the relationship between Colonial Coal stock current value and its past values and can show if there is a momentum factor associated with investing in Colonial Coal International.
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 Colonial Coal 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, Colonial Coal's short interest history, or implied volatility extrapolated from Colonial Coal options trading.
Pair Trading with Colonial Coal
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 Colonial Coal 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 Colonial Coal will appreciate offsetting losses from the drop in the long position's value.Moving together with Colonial Stock
0.67 | BN | Brookfield | PairCorr |
The ability to find closely correlated positions to Colonial Coal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Colonial Coal 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 Colonial Coal - 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 Colonial Coal International to buy it.
The correlation of Colonial Coal 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 Colonial Coal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colonial Coal Intern 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 Colonial Coal 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 Colonial Coal Correlation, Colonial Coal Volatility and Colonial Coal Alpha and Beta module to complement your research on Colonial Coal. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Colonial Stock analysis
When running Colonial Coal's price analysis, check to measure Colonial Coal'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 Colonial Coal is operating at the current time. Most of Colonial Coal's value examination focuses on studying past and present price action to predict the probability of Colonial Coal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Colonial Coal's price. Additionally, you may evaluate how the addition of Colonial Coal to your portfolios can decrease your overall portfolio volatility.
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Colonial Coal 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.