M3 Mining (Australia) Price on October 24, 2024
| M3M Stock | 0.04 0 7.89% |
If you're considering investing in M3M Stock, it is important to understand the factors that can impact its price. As of today, the current price of M3 Mining stands at 0.04, as last reported on the 26th of November, with the highest price reaching 0.04 and the lowest price hitting 0.04 during the day. M3 Mining retains Efficiency (Sharpe Ratio) of -0.0149, which conveys that the company had a -0.0149% return per unit of price deviation over the last 3 months. M3 Mining exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify M3 Mining's Mean Deviation of 1.83, information ratio of (0.04), and Market Risk Adjusted Performance of (0.01) to check out the risk estimate we provide.
At this time, M3 Mining's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 2.2 M in 2024, whereas Common Stock is likely to drop slightly above 4.8 M in 2024. . M3M Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
M3M |
Sharpe Ratio = -0.0149
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Estimated Market Risk
| 3.77 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average M3 Mining is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of M3 Mining by adding M3 Mining to a well-diversified portfolio.
Price Book 1.7452 | Book Value 0.03 | Enterprise Value 1.2 M | Enterprise Value Ebitda (0.44) | Price Sales 41.7636 |
M3 Mining Valuation on October 24, 2024
It is possible to determine the worth of M3 Mining on a given historical date. On October 24, 2024 M3M was worth 0.043 at the beginning of the trading date compared to the closed value of 0.042. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of M3 Mining stock. Still, in general, we apply an absolute valuation method to find M3 Mining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of M3 Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against M3 Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.04 | 0.04 | 0.04 | 0.04 | 1.00 | |
10/24/2024 | 0.04 | 0.04 | 0.04 | 0.04 | 261,785 |
| 0.04 | 0.04 | 0.04 | 0.04 | 1.00 |
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M3 Mining Trading Date Momentum on October 24, 2024
| On October 25 2024 M3 Mining was traded for 0.04 at the closing time. The maximum traded price for the trading interval was 0.04 and the lowest daily price was 0.04 . There was no trading activity during the period 1.0. Lack of trading volume on 25th of October 2024 did not cause price change. The trading delta at closing time to the closing price today is 11.90% . |
M3 Mining Fundamentals Correlations and Trends
By evaluating M3 Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among M3 Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. M3M financial account trend analysis is a perfect complement when working with valuation or volatility modules.About M3 Mining Stock history
M3 Mining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for M3M is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in M3 Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing M3 Mining stock prices may prove useful in developing a viable investing in M3 Mining
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 51.2 M | 47 M | |
| Net Loss | -1.9 M | -2 M |
M3 Mining Stock Technical Analysis
M3 Mining technical 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, stock market cycles, or different charting patterns.
Price Boundaries
M3 Mining Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
M3 Mining cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
M3 Mining November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how M3 Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading M3 Mining shares will generate the highest return on investment. By undertsting and applying M3 Mining stock market strength indicators, traders can identify M3 Mining entry and exit signals to maximize returns
M3 Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for M3 Mining's price direction in advance. Along with the technical and fundamental analysis of M3M Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of M3M to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0055 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.02) |
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Additional Tools for M3M Stock Analysis
When running M3 Mining's price analysis, check to measure M3 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 M3 Mining is operating at the current time. Most of M3 Mining's value examination focuses on studying past and present price action to predict the probability of M3 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 M3 Mining's price. Additionally, you may evaluate how the addition of M3 Mining to your portfolios can decrease your overall portfolio volatility.