Metallic Minerals (Germany) Market Value
| 9MM1 Stock | 0.08 0.02 23.11% |
| Symbol | Metallic |
Metallic Minerals '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 Metallic Minerals' 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 Metallic Minerals.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Metallic Minerals on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Metallic Minerals Corp or generate 0.0% return on investment in Metallic Minerals over 90 days. Metallic Minerals is related to or competes with Hanison Construction, Nufarm, AUST AGRICULTURAL, Penta-Ocean Construction, Electronic Arts, Hitachi Construction, and Federal Agricultural. More
Metallic Minerals 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 Metallic Minerals' 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 Metallic Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 53.08 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 18.75 |
Metallic Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metallic Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metallic Minerals' standard deviation. In reality, there are many statistical measures that can use Metallic Minerals historical prices to predict the future Metallic Minerals' volatility.| Risk Adjusted Performance | (0.0007) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.49) | |||
| Treynor Ratio | 11.58 |
Metallic Minerals Corp Backtested Returns
Metallic Minerals Corp has Sharpe Ratio of -0.0477, which conveys that the firm had a -0.0477% return per unit of risk over the last 3 months. Metallic Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metallic Minerals' Mean Deviation of 5.4, standard deviation of 8.7, and Risk Adjusted Performance of (0.0007) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0105, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Metallic Minerals are expected to decrease at a much lower rate. During the bear market, Metallic Minerals is likely to outperform the market. At this point, Metallic Minerals Corp has a negative expected return of -0.44%. Please make sure to verify Metallic Minerals' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Metallic Minerals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Metallic Minerals Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Metallic Minerals time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Metallic Minerals Corp price movement. The serial correlation of -0.18 indicates that over 18.0% of current Metallic Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metallic Minerals Corp lagged returns against current returns
Autocorrelation, which is Metallic Minerals 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 Metallic Minerals' stock expected returns. We can calculate the autocorrelation of Metallic Minerals returns to help us make a trade decision. For example, suppose you find that Metallic Minerals 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 |
Metallic Minerals 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 Metallic Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metallic Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metallic Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Metallic Minerals Lagged Returns
When evaluating Metallic Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metallic Minerals stock have on its future price. Metallic Minerals 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, Metallic Minerals autocorrelation shows the relationship between Metallic Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Metallic Minerals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Metallic Stock Analysis
When running Metallic Minerals' price analysis, check to measure Metallic Minerals' 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 Metallic Minerals is operating at the current time. Most of Metallic Minerals' value examination focuses on studying past and present price action to predict the probability of Metallic Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metallic Minerals' price. Additionally, you may evaluate how the addition of Metallic Minerals to your portfolios can decrease your overall portfolio volatility.