Minnova Corp Stock Market Value
| AGRDF Stock | USD 0.0001 0.00 0.00% |
| Symbol | Minnova |
Minnova Corp '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 Minnova Corp's pink sheet 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 Minnova Corp.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Minnova Corp on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Minnova Corp or generate 0.0% return on investment in Minnova Corp over 720 days. Minnova Corp is related to or competes with Aurion Resources, Liberty Gold, Orezone Gold, Radisson Mining, Predictive Discovery, Fortuna Silver, and Sandstorm Gold. Minnova Corp. acquires, explores for, and develops mineral properties More
Minnova Corp 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 Minnova Corp's pink sheet 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 Minnova Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 95.0 |
Minnova Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minnova Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minnova Corp's standard deviation. In reality, there are many statistical measures that can use Minnova Corp historical prices to predict the future Minnova Corp's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.80) | |||
| Total Risk Alpha | (3.36) | |||
| Treynor Ratio | (0.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Minnova Corp's 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.
Minnova Corp Backtested Returns
Minnova Corp has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Minnova Corp exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minnova Corp's Mean Deviation of 2.93, risk adjusted performance of (0.09), and Standard Deviation of 11.7 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.33, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Minnova Corp will likely underperform. At this point, Minnova Corp has a negative expected return of -1.53%. Please make sure to verify Minnova Corp's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Minnova Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Minnova Corp has good predictability. Overlapping area represents the amount of predictability between Minnova Corp time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Minnova Corp price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Minnova Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Minnova Corp lagged returns against current returns
Autocorrelation, which is Minnova Corp pink sheet'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 Minnova Corp's pink sheet expected returns. We can calculate the autocorrelation of Minnova Corp returns to help us make a trade decision. For example, suppose you find that Minnova Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Minnova Corp 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 Minnova Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minnova Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minnova Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Minnova Corp Lagged Returns
When evaluating Minnova Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minnova Corp pink sheet have on its future price. Minnova Corp 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, Minnova Corp autocorrelation shows the relationship between Minnova Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Minnova Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Minnova Pink Sheet
Minnova Corp financial ratios help investors to determine whether Minnova Pink Sheet 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 Minnova with respect to the benefits of owning Minnova Corp security.