CORNISH METALS (Germany) Market Value
| ZYR1 Stock | EUR 0.09 0.01 7.50% |
| Symbol | CORNISH |
CORNISH METALS '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 CORNISH METALS'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 CORNISH METALS.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in CORNISH METALS on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding CORNISH METALS INC or generate 0.0% return on investment in CORNISH METALS over 90 days. CORNISH METALS is related to or competes with GAMES OPERATORS, Citic Telecom, PENN NATL, Chesapeake Utilities, NORTHEAST UTILITIES, and Corsair Gaming. Cornish Metals Inc. engages in the acquisition, evaluation, exploration, and development of mineral properties in North ... More
CORNISH METALS 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 CORNISH METALS'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 CORNISH METALS INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.98 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 18.02 | |||
| Value At Risk | (6.13) | |||
| Potential Upside | 6.33 |
CORNISH METALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CORNISH METALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CORNISH METALS's standard deviation. In reality, there are many statistical measures that can use CORNISH METALS historical prices to predict the future CORNISH METALS's volatility.| Risk Adjusted Performance | 0.062 | |||
| Jensen Alpha | 0.2074 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0146 | |||
| Treynor Ratio | (6.90) |
CORNISH METALS INC Backtested Returns
CORNISH METALS appears to be out of control, given 3 months investment horizon. CORNISH METALS INC secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CORNISH METALS INC, which you can use to evaluate the volatility of the firm. Please makes use of CORNISH METALS's mean deviation of 2.6, and Risk Adjusted Performance of 0.062 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CORNISH METALS holds a performance score of 9. The firm shows a Beta (market volatility) of -0.0295, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CORNISH METALS are expected to decrease at a much lower rate. During the bear market, CORNISH METALS is likely to outperform the market. Please check CORNISH METALS's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether CORNISH METALS's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
CORNISH METALS INC has poor predictability. Overlapping area represents the amount of predictability between CORNISH METALS time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 CORNISH METALS INC price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current CORNISH METALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CORNISH METALS INC lagged returns against current returns
Autocorrelation, which is CORNISH METALS 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 CORNISH METALS's stock expected returns. We can calculate the autocorrelation of CORNISH METALS returns to help us make a trade decision. For example, suppose you find that CORNISH METALS 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 |
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CORNISH METALS 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 CORNISH METALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CORNISH METALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CORNISH METALS stock over time.
Current vs Lagged Prices |
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CORNISH METALS Lagged Returns
When evaluating CORNISH METALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CORNISH METALS stock have on its future price. CORNISH METALS 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, CORNISH METALS autocorrelation shows the relationship between CORNISH METALS stock current value and its past values and can show if there is a momentum factor associated with investing in CORNISH METALS INC.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in CORNISH Stock
CORNISH METALS financial ratios help investors to determine whether CORNISH 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 CORNISH with respect to the benefits of owning CORNISH METALS security.