Metallis Resources (Germany) Market Value
| 0CVM Stock | EUR 0.14 0.02 16.67% |
| Symbol | Metallis |
Metallis 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 Metallis Resources' 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 Metallis Resources.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Metallis Resources on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Metallis Resources or generate 0.0% return on investment in Metallis Resources over 90 days. Metallis Resources is related to or competes with Dairy Farm, GEELY AUTOMOBILE, WIMFARM SA, COMMERCIAL VEHICLE, Federal Agricultural, Carsales, and Sterling Construction. Metallis Resources Inc. engages in the exploration and development of mineral properties in Canada More
Metallis 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 Metallis Resources' 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 Metallis Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.77 | |||
| Information Ratio | 0.1549 | |||
| Maximum Drawdown | 71.68 | |||
| Value At Risk | (18.33) | |||
| Potential Upside | 23.08 |
Metallis Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metallis Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metallis Resources' standard deviation. In reality, there are many statistical measures that can use Metallis Resources historical prices to predict the future Metallis Resources' volatility.| Risk Adjusted Performance | 0.1359 | |||
| Jensen Alpha | 2.16 | |||
| Total Risk Alpha | 0.0872 | |||
| Sortino Ratio | 0.1707 | |||
| Treynor Ratio | (8.14) |
Metallis Resources Backtested Returns
Metallis Resources is out of control given 3 months investment horizon. Metallis Resources has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.83% are justified by taking the suggested risk. Use Metallis Resources Mean Deviation of 9.53, downside deviation of 11.77, and Risk Adjusted Performance of 0.1359 to evaluate company specific risk that cannot be diversified away. Metallis Resources holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Metallis Resources are expected to decrease at a much lower rate. During the bear market, Metallis Resources is likely to outperform the market. Use Metallis Resources total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Metallis Resources.
Auto-correlation | 0.36 |
Below average predictability
Metallis Resources has below average predictability. Overlapping area represents the amount of predictability between Metallis Resources time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd of November 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 Metallis Resources price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Metallis Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metallis Resources lagged returns against current returns
Autocorrelation, which is Metallis Resources 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 Metallis Resources' stock expected returns. We can calculate the autocorrelation of Metallis Resources returns to help us make a trade decision. For example, suppose you find that Metallis Resources 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 |
| Timeline |
Metallis 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 Metallis Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metallis Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metallis Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Metallis Resources Lagged Returns
When evaluating Metallis Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metallis Resources stock have on its future price. Metallis 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, Metallis Resources autocorrelation shows the relationship between Metallis Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Metallis Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Metallis Stock
Metallis Resources financial ratios help investors to determine whether Metallis 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 Metallis with respect to the benefits of owning Metallis Resources security.