M3 Mining (Australia) Market Value
| M3M Stock | 0.04 0 7.89% |
| Symbol | M3M |
M3 Mining '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 M3 Mining'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 M3 Mining.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in M3 Mining on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding M3 Mining or generate 0.0% return on investment in M3 Mining over 30 days. M3 Mining is related to or competes with Aurelia Metals, and Microequities Asset. M3 Mining is entity of Australia. It is traded as Stock on AU exchange. More
M3 Mining 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 M3 Mining'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 M3 Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 20.48 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 7.89 |
M3 Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for M3 Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as M3 Mining's standard deviation. In reality, there are many statistical measures that can use M3 Mining historical prices to predict the future M3 Mining's volatility.| Risk Adjusted Performance | 0.0055 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.02) |
M3 Mining Backtested Returns
M3 Mining retains Efficiency (Sharpe Ratio) of -0.0149, which conveys that the company had a -0.0149% return per unit of price deviation over the last 3 months. M3 Mining exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify M3 Mining's Information Ratio of (0.04), mean deviation of 1.83, and Market Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.23, 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, M3 Mining will likely underperform. At this point, M3 Mining has a negative expected return of -0.0562%. Please make sure to verify M3 Mining's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if M3 Mining performance from the past will be repeated sooner or later.
Auto-correlation | -0.01 |
Very weak reverse predictability
M3 Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between M3 Mining time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 M3 Mining price movement. The serial correlation of -0.01 indicates that just 1.0% of current M3 Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
M3 Mining lagged returns against current returns
Autocorrelation, which is M3 Mining 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 M3 Mining's stock expected returns. We can calculate the autocorrelation of M3 Mining returns to help us make a trade decision. For example, suppose you find that M3 Mining 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 |
M3 Mining 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 M3 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if M3 Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in M3 Mining stock over time.
Current vs Lagged Prices |
| Timeline |
M3 Mining Lagged Returns
When evaluating M3 Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of M3 Mining stock have on its future price. M3 Mining 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, M3 Mining autocorrelation shows the relationship between M3 Mining stock current value and its past values and can show if there is a momentum factor associated with investing in M3 Mining.
Regressed Prices |
| Timeline |
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Additional Tools for M3M Stock Analysis
When running M3 Mining's price analysis, check to measure M3 Mining's 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 M3 Mining is operating at the current time. Most of M3 Mining's value examination focuses on studying past and present price action to predict the probability of M3 Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move M3 Mining's price. Additionally, you may evaluate how the addition of M3 Mining to your portfolios can decrease your overall portfolio volatility.