Hannan Metals Stock Market Value
| HANNF Stock | USD 0.54 0.01 1.82% |
| Symbol | Hannan |
Hannan Metals '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 Hannan Metals' 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 Hannan Metals.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Hannan Metals on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Hannan Metals or generate 0.0% return on investment in Hannan Metals over 150 days. Hannan Metals is related to or competes with IGO, Nickel Mines, Mineral Resources, Mundoro Capital, Strategic Resources, E79 Resources, and IGO. Hannan Metals Ltd., a junior mineral exploration company, engages in the acquisition and exploration of mineral properti... More
Hannan Metals 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 Hannan Metals' 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 Hannan Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.15 | |||
| Information Ratio | 0.0891 | |||
| Maximum Drawdown | 27.39 | |||
| Value At Risk | (9.26) | |||
| Potential Upside | 9.09 |
Hannan Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hannan Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hannan Metals' standard deviation. In reality, there are many statistical measures that can use Hannan Metals historical prices to predict the future Hannan Metals' volatility.| Risk Adjusted Performance | 0.0972 | |||
| Jensen Alpha | 0.6085 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.085 | |||
| Treynor Ratio | 12.36 |
Hannan Metals Backtested Returns
Hannan Metals appears to be out of control, given 3 months investment horizon. Hannan Metals holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16 % return per unit of risk over the last 3 months. By evaluating Hannan Metals' technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please utilize Hannan Metals' Downside Deviation of 6.15, market risk adjusted performance of 12.37, and Risk Adjusted Performance of 0.0972 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hannan Metals holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.0496, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hannan Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hannan Metals is expected to be smaller as well. Please check Hannan Metals' sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Hannan Metals' current trending patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
Hannan Metals has weak reverse predictability. Overlapping area represents the amount of predictability between Hannan Metals time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hannan Metals price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Hannan Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hannan Metals lagged returns against current returns
Autocorrelation, which is Hannan Metals 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 Hannan Metals' pink sheet expected returns. We can calculate the autocorrelation of Hannan Metals returns to help us make a trade decision. For example, suppose you find that Hannan Metals 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 |
Hannan Metals 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 Hannan Metals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hannan Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hannan Metals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hannan Metals Lagged Returns
When evaluating Hannan Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hannan Metals pink sheet have on its future price. Hannan Metals 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, Hannan Metals autocorrelation shows the relationship between Hannan Metals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hannan Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hannan Pink Sheet
Hannan Metals financial ratios help investors to determine whether Hannan 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 Hannan with respect to the benefits of owning Hannan Metals security.