Karnalyte Resources Stock Market Value
| KRLTF Stock | USD 0.14 0.00 0.00% |
| Symbol | Karnalyte |
Karnalyte Resources '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 Karnalyte Resources' pink sheet 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 Karnalyte Resources.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Karnalyte Resources on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Karnalyte Resources or generate 0.0% return on investment in Karnalyte Resources over 30 days. Karnalyte Resources is related to or competes with Anhui Conch, Asahi Kaisei, Alumina, HUMANA, Barloworld, Morningstar Unconstrained, and Thrivent High. Karnalyte Resources Inc. explores for and develops agricultural and industrial potash, nitrogen, and magnesium products ... More
Karnalyte Resources 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 Karnalyte Resources' pink sheet 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 Karnalyte Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 73.33 |
Karnalyte Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karnalyte Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Karnalyte Resources' standard deviation. In reality, there are many statistical measures that can use Karnalyte Resources historical prices to predict the future Karnalyte Resources' volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | 0.0294 | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Karnalyte Resources' 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.
Karnalyte Resources Backtested Returns
Karnalyte Resources appears to be out of control, given 3 months investment horizon. Karnalyte Resources has Sharpe Ratio of 0.0331, which conveys that the firm had a 0.0331% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Karnalyte Resources, which you can use to evaluate the volatility of the firm. Please exercise Karnalyte Resources' Standard Deviation of 6.7, risk adjusted performance of 0.0109, and Mean Deviation of 1.43 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Karnalyte Resources holds a performance score of 2. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Karnalyte Resources are expected to decrease at a much lower rate. During the bear market, Karnalyte Resources is likely to outperform the market. Please check Karnalyte Resources' jensen alpha and day median price , to make a quick decision on whether Karnalyte Resources' current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Karnalyte Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Karnalyte Resources time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Karnalyte Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Karnalyte Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Karnalyte Resources lagged returns against current returns
Autocorrelation, which is Karnalyte Resources pink sheet'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 Karnalyte Resources' pink sheet expected returns. We can calculate the autocorrelation of Karnalyte Resources returns to help us make a trade decision. For example, suppose you find that Karnalyte Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Karnalyte Resources 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 Karnalyte Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Karnalyte Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Karnalyte Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Karnalyte Resources Lagged Returns
When evaluating Karnalyte Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Karnalyte Resources pink sheet have on its future price. Karnalyte Resources 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, Karnalyte Resources autocorrelation shows the relationship between Karnalyte Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Karnalyte Resources.
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 Karnalyte Resources 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, Karnalyte Resources' short interest history, or implied volatility extrapolated from Karnalyte Resources options trading.
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Complementary Tools for Karnalyte Pink Sheet analysis
When running Karnalyte Resources' price analysis, check to measure Karnalyte Resources' 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 Karnalyte Resources is operating at the current time. Most of Karnalyte Resources' value examination focuses on studying past and present price action to predict the probability of Karnalyte Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Karnalyte Resources' price. Additionally, you may evaluate how the addition of Karnalyte Resources to your portfolios can decrease your overall portfolio volatility.
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Karnalyte Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.