Inzinc Mining Stock Market Value
| LTH Stock | 0.69 0.03 4.55% |
| Symbol | InZinc |
InZinc Mining Price To Book Ratio
InZinc 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 InZinc 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 InZinc Mining.
| 08/17/2024 |
| 09/16/2024 |
If you would invest 0.00 in InZinc Mining on August 17, 2024 and sell it all today you would earn a total of 0.00 from holding InZinc Mining or generate 0.0% return on investment in InZinc Mining over 30 days. InZinc Mining is related to or competes with First Majestic, Ivanhoe Energy, Faraday Copper, HOME DEPOT, Open Text, Sprott Physical, and ATCO. InZinc Mining Ltd. engages in the acquisition and exploration of mineral properties. More
InZinc 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 InZinc 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 InZinc Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.06 | |||
| Information Ratio | (0.0005) | |||
| Maximum Drawdown | 34.99 | |||
| Value At Risk | (8.06) | |||
| Potential Upside | 15.79 |
InZinc Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InZinc Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InZinc Mining's standard deviation. In reality, there are many statistical measures that can use InZinc Mining historical prices to predict the future InZinc Mining's volatility.| Risk Adjusted Performance | 0.0202 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | 0.0351 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of InZinc Mining'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.
InZinc Mining Backtested Returns
InZinc Mining appears to be out of control, given 3 months investment horizon. InZinc Mining holds Efficiency (Sharpe) Ratio of 0.0465, which attests that the entity had a 0.0465% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for InZinc Mining, which you can use to evaluate the volatility of the firm. Please utilize InZinc Mining's market risk adjusted performance of 0.0451, and Risk Adjusted Performance of 0.0202 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, InZinc Mining holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 2.56, which attests to 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, InZinc Mining will likely underperform. Please check InZinc Mining's downside variance and the relationship between the kurtosis and period momentum indicator , to make a quick decision on whether InZinc Mining's current trending patterns will revert.
Auto-correlation | 0.44 |
Average predictability
InZinc Mining has average predictability. Overlapping area represents the amount of predictability between InZinc Mining time series from 17th of August 2024 to 1st of September 2024 and 1st of September 2024 to 16th of September 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 InZinc Mining price movement. The serial correlation of 0.44 indicates that just about 44.0% of current InZinc Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
InZinc Mining lagged returns against current returns
Autocorrelation, which is InZinc 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 InZinc Mining's stock expected returns. We can calculate the autocorrelation of InZinc Mining returns to help us make a trade decision. For example, suppose you find that InZinc 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 |
InZinc 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 InZinc Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InZinc Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InZinc Mining stock over time.
Current vs Lagged Prices |
| Timeline |
InZinc Mining Lagged Returns
When evaluating InZinc Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InZinc Mining stock have on its future price. InZinc 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, InZinc Mining autocorrelation shows the relationship between InZinc Mining stock current value and its past values and can show if there is a momentum factor associated with investing in InZinc Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for InZinc Stock Analysis
When running InZinc Mining's price analysis, check to measure InZinc 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 InZinc Mining is operating at the current time. Most of InZinc Mining's value examination focuses on studying past and present price action to predict the probability of InZinc 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 InZinc Mining's price. Additionally, you may evaluate how the addition of InZinc Mining to your portfolios can decrease your overall portfolio volatility.