MINERAL RES's market value is the price at which a share of MINERAL RES trades on a public exchange. It measures the collective expectations of MINERAL RES UNSPADR1 investors about its performance. MINERAL RES is trading at 20.40 as of the 28th of November 2024. This is a 0.99% up since the beginning of the trading day. The stock's lowest day price was 20.4. With this module, you can estimate the performance of a buy and hold strategy of MINERAL RES UNSPADR1 and determine expected loss or profit from investing in MINERAL RES over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
MINERAL
MINERAL RES '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 MINERAL RES's 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 MINERAL RES.
0.00
10/29/2024
No Change 0.00
0.0
In 31 days
11/28/2024
0.00
If you would invest 0.00 in MINERAL RES on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding MINERAL RES UNSPADR1 or generate 0.0% return on investment in MINERAL RES over 30 days.
MINERAL RES 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 MINERAL RES's 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 MINERAL RES UNSPADR1 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MINERAL RES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MINERAL RES's standard deviation. In reality, there are many statistical measures that can use MINERAL RES historical prices to predict the future MINERAL RES's volatility.
MINERAL RES UNSPADR1 has Sharpe Ratio of -0.0216, which conveys that the firm had a -0.0216% return per unit of volatility over the last 3 months. MINERAL RES exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MINERAL RES's risk adjusted performance of (0.02), and Mean Deviation of 3.83 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.52, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MINERAL RES's returns are expected to increase less than the market. However, during the bear market, the loss of holding MINERAL RES is expected to be smaller as well. At this point, MINERAL RES UNSPADR1 has a negative expected return of -0.12%. Please make sure to verify MINERAL RES's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if MINERAL RES UNSPADR1 performance from the past will be repeated at future time.
Auto-correlation
0.04
Virtually no predictability
MINERAL RES UNSPADR1 has virtually no predictability. Overlapping area represents the amount of predictability between MINERAL RES time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 MINERAL RES UNSPADR1 price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current MINERAL RES price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
-0.63
Residual Average
0.0
Price Variance
0.15
MINERAL RES UNSPADR1 lagged returns against current returns
Autocorrelation, which is MINERAL RES 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 MINERAL RES's stock expected returns. We can calculate the autocorrelation of MINERAL RES returns to help us make a trade decision. For example, suppose you find that MINERAL RES 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
MINERAL RES 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 MINERAL RES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MINERAL RES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MINERAL RES stock over time.
Current vs Lagged Prices
Timeline
MINERAL RES Lagged Returns
When evaluating MINERAL RES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MINERAL RES stock have on its future price. MINERAL RES 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, MINERAL RES autocorrelation shows the relationship between MINERAL RES stock current value and its past values and can show if there is a momentum factor associated with investing in MINERAL RES UNSPADR1.