Durango OTC Stock Market Value

ATOXF
 Stock
  

USD 0.0415  0.0004  0.95%   

Durango Resources' market value is the price at which a share of Durango Resources stock trades on a public exchange. It measures the collective expectations of Durango Resources investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Durango Resources and determine expected loss or profit from investing in Durango Resources over a given investment horizon. Please continue to Durango Resources Correlation, Durango Resources Volatility and Durango Resources Alpha and Beta module to complement your research on Durango Resources.
Symbol


Please note, there is a significant difference between Durango Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine Durango Resources value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Durango Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Durango 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 Durango Resources' 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 Durango Resources.
0.00
12/09/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/29/2022
0.00
If you would invest  0.00  in Durango Resources on December 9, 2020 and sell it all today you would earn a total of 0.00 from holding Durango Resources or generate 0.0% return on investment in Durango Resources over 720 days. Durango Resources is related to or competes with Netflix. Durango Resources Inc., an exploration stage company, acquires and explores for precious and base mineral resource prope... More

Durango 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 Durango Resources' 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 Durango Resources upside and downside potential and time the market with a certain degree of confidence.

Durango Resources Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Durango Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Durango Resources' standard deviation. In reality, there are many statistical measures that can use Durango Resources historical prices to predict the future Durango Resources' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Durango 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. Please use the tools below to analyze the current value of Durango Resources in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.000.0410.10
Details
Intrinsic
Valuation
LowReal ValueHigh
0.000.03593110.10
Details
Naive
Forecast
LowNext ValueHigh
0.0007940.03972210.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.0326970.040980.049263
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Durango Resources. Your research has to be compared to or analyzed against Durango Resources' peers to derive any actionable benefits. When done correctly, Durango Resources' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Durango Resources.

Durango Resources Backtested Returns

Durango Resources appears to be out of control, given 24 months investment horizon. Durango Resources secures Sharpe Ratio (or Efficiency) of 0.0284, which denotes the company had 0.0284% of return per unit of risk over the last 24 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Durango Resources, which you can use to evaluate the future volatility of the firm. Please utilize Durango Resources' Downside Deviation of 9.18, mean deviation of 5.15, and Coefficient Of Variation of 4699.21 to check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Durango Resources holds a performance score of 2. The firm shows a Beta (market volatility) of -0.2179, which means not very significant fluctuations relative to the market. Let's try to break down what Durango's beta means in this case. As returns on the market increase, returns on owning Durango Resources are expected to decrease at a much lower rate. During the bear market, Durango Resources is likely to outperform the market. Although it is important to respect Durango Resources historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Durango Resources technical indicators, you can presently evaluate if the expected return of 0.24% will be sustainable into the future. Please utilizes Durango Resources maximum drawdown, as well as the relationship between the expected short fall and rate of daily change to make a quick decision on whether Durango Resources price patterns will revert.

Auto-correlation

    
  0.04  

Virtually no predictability

Durango Resources has virtually no predictability. Overlapping area represents the amount of predictability between Durango Resources time series from 9th of December 2020 to 4th of December 2021 and 4th of December 2021 to 29th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Durango Resources price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Durango Resources price fluctuation can be explain by its past prices.
Correlation Coefficient0.04
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.0

Durango Resources lagged returns against current returns

Autocorrelation, which is Durango Resources 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 Durango Resources' otc stock expected returns. We can calculate the autocorrelation of Durango Resources returns to help us make a trade decision. For example, suppose you find that Durango Resources otc stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Durango 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 Durango Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Durango Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Durango Resources otc stock over time.
   Current vs Lagged Prices   
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       Timeline  

Durango Resources Lagged Returns

When evaluating Durango Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Durango Resources otc stock have on its future price. Durango 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, Durango Resources autocorrelation shows the relationship between Durango Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Durango Resources.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Durango Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Durango Resources

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 Durango Resources 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 Durango Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Durango Resources

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The ability to find closely correlated positions to Durango Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Durango Resources 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 Durango Resources - 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 Durango Resources to buy it.
The correlation of Durango Resources is a statistical measure of how it moves in relation to other equities. 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 Durango Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Durango Resources 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 Durango Resources 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.
Pair CorrelationCorrelation Matching
Please continue to Durango Resources Correlation, Durango Resources Volatility and Durango Resources Alpha and Beta module to complement your research on Durango Resources. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Durango Resources price analysis, check to measure Durango 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 Durango Resources is operating at the current time. Most of Durango Resources' value examination focuses on studying past and present price action to predict the probability of Durango Resources' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Durango Resources' price. Additionally, you may evaluate how the addition of Durango Resources to your portfolios can decrease your overall portfolio volatility.
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Durango Resources technical otc 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, otc market cycles, or different charting patterns.
A focus of Durango Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Durango Resources trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...