Cantex Mine Development Stock Market Value
| CTXDF Stock | USD 0.12 0.01 7.69% |
| Symbol | Cantex |
Cantex Mine '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 Cantex Mine's otc 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 Cantex Mine.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Cantex Mine on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Cantex Mine Development or generate 0.0% return on investment in Cantex Mine over 90 days. Cantex Mine is related to or competes with Mundoro Capital, Aurelia Metals, and Doubleview Gold. Cantex Mine Development Corp. engages in the acquisition, exploration, and development of mineral properties in Canada, ... More
Cantex Mine 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 Cantex Mine's otc 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 Cantex Mine Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.98 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 41.83 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Cantex Mine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cantex Mine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cantex Mine's standard deviation. In reality, there are many statistical measures that can use Cantex Mine historical prices to predict the future Cantex Mine's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0226 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cantex Mine'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.
Cantex Mine Development Backtested Returns
At this point, Cantex Mine is out of control. Cantex Mine Development secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cantex Mine Development, which you can use to evaluate the volatility of the firm. Please confirm Cantex Mine's Risk Adjusted Performance of 0.013, mean deviation of 2.38, and Downside Deviation of 11.98 to double-check if the risk estimate we provide is consistent with the expected return of 0.0292%. The firm shows a Beta (market volatility) of 0.85, which signifies possible diversification benefits within a given portfolio. Cantex Mine returns are very sensitive to returns on the market. As the market goes up or down, Cantex Mine is expected to follow. Cantex Mine Development right now shows a risk of 5.72%. Please confirm Cantex Mine Development sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to decide if Cantex Mine Development will be following its price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Cantex Mine Development has virtually no predictability. Overlapping area represents the amount of predictability between Cantex Mine time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 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 Cantex Mine Development price movement. The serial correlation of 0.02 indicates that only 2.0% of current Cantex Mine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cantex Mine Development lagged returns against current returns
Autocorrelation, which is Cantex Mine otc 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 Cantex Mine's otc stock expected returns. We can calculate the autocorrelation of Cantex Mine returns to help us make a trade decision. For example, suppose you find that Cantex Mine has exhibited high autocorrelation historically, and you observe that the otc 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 |
Cantex Mine 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 Cantex Mine otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cantex Mine otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cantex Mine otc stock over time.
Current vs Lagged Prices |
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Cantex Mine Lagged Returns
When evaluating Cantex Mine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cantex Mine otc stock have on its future price. Cantex Mine 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, Cantex Mine autocorrelation shows the relationship between Cantex Mine otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cantex Mine Development.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cantex OTC Stock
Cantex Mine financial ratios help investors to determine whether Cantex OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cantex with respect to the benefits of owning Cantex Mine security.