Euro Manganese Stock Market Value
| EUMNF Stock | USD 0.03 0 5.56% |
| Symbol | Euro |
Euro Manganese '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 Euro Manganese's 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 Euro Manganese.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Euro Manganese on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Euro Manganese or generate 0.0% return on investment in Euro Manganese over 570 days. Euro Manganese is related to or competes with Adriatic Metals, Electric Royalties, Talga Group, Fireweed Zinc, and Australian Strategic. Euro Manganese Inc. engages in the evaluation, exploration, and development of mineral assets More
Euro Manganese 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 Euro Manganese's 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 Euro Manganese upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.8 | |||
| Information Ratio | 0.0553 | |||
| Maximum Drawdown | 75.04 | |||
| Value At Risk | (14.00) | |||
| Potential Upside | 20.0 |
Euro Manganese Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euro Manganese's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euro Manganese's standard deviation. In reality, there are many statistical measures that can use Euro Manganese historical prices to predict the future Euro Manganese's volatility.| Risk Adjusted Performance | 0.0612 | |||
| Jensen Alpha | 0.7731 | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | 0.0454 | |||
| Treynor Ratio | (1.18) |
Euro Manganese Backtested Returns
Euro Manganese appears to be out of control, given 3 months investment horizon. Euro Manganese secures Sharpe Ratio (or Efficiency) of 0.0448, which denotes the company had a 0.0448% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Euro Manganese, which you can use to evaluate the volatility of the firm. Please utilize Euro Manganese's Mean Deviation of 6.04, downside deviation of 12.8, and Coefficient Of Variation of 1476.17 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Euro Manganese holds a performance score of 3. The firm shows a Beta (market volatility) of -0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Euro Manganese are expected to decrease at a much lower rate. During the bear market, Euro Manganese is likely to outperform the market. Please check Euro Manganese's treynor ratio and the relationship between the downside variance and day typical price , to make a quick decision on whether Euro Manganese's price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Euro Manganese has very good predictability. Overlapping area represents the amount of predictability between Euro Manganese time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 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 Euro Manganese price movement. The serial correlation of 0.81 indicates that around 81.0% of current Euro Manganese price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Euro Manganese lagged returns against current returns
Autocorrelation, which is Euro Manganese 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 Euro Manganese's otc stock expected returns. We can calculate the autocorrelation of Euro Manganese returns to help us make a trade decision. For example, suppose you find that Euro Manganese has exhibited high autocorrelation historically, and you observe that the otc 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 |
Euro Manganese 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 Euro Manganese otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euro Manganese otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euro Manganese otc stock over time.
Current vs Lagged Prices |
| Timeline |
Euro Manganese Lagged Returns
When evaluating Euro Manganese's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euro Manganese otc stock have on its future price. Euro Manganese 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, Euro Manganese autocorrelation shows the relationship between Euro Manganese otc stock current value and its past values and can show if there is a momentum factor associated with investing in Euro Manganese.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Euro OTC Stock
Euro Manganese financial ratios help investors to determine whether Euro OTC 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 Euro with respect to the benefits of owning Euro Manganese security.