Middle Island (Germany) Market Value
| M83 Stock | EUR 0.01 0 16.67% |
| Symbol | Middle |
Middle Island '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 Middle Island'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 Middle Island.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Middle Island on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Middle Island Resources or generate 0.0% return on investment in Middle Island over 360 days. Middle Island is related to or competes with NetSol Technologies, IMPERIAL TOBACCO, ORMAT TECHNOLOGIES, MAROC TELECOM, Ribbon Communications, Shenandoah Telecommunicatio, and INTERSHOP Communications. Middle Island Resources Limited operates as a gold exploration and development company in Australia More
Middle Island 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 Middle Island'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 Middle Island Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.54 | |||
| Information Ratio | 0.1282 | |||
| Maximum Drawdown | 425.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 40.0 |
Middle Island Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Middle Island's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Middle Island's standard deviation. In reality, there are many statistical measures that can use Middle Island historical prices to predict the future Middle Island's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 5.9 | |||
| Total Risk Alpha | (1.46) | |||
| Sortino Ratio | 0.2415 | |||
| Treynor Ratio | 0.8948 |
Middle Island Resources Backtested Returns
Middle Island is out of control given 3 months investment horizon. Middle Island Resources has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.79% are justified by taking the suggested risk. Use Middle Island Resources Downside Deviation of 27.54, risk adjusted performance of 0.1042, and Mean Deviation of 17.76 to evaluate company specific risk that cannot be diversified away. Middle Island holds a performance score of 11 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 7.56, 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, Middle Island will likely underperform. Use Middle Island Resources semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to analyze future returns on Middle Island Resources.
Auto-correlation | 0.20 |
Weak predictability
Middle Island Resources has weak predictability. Overlapping area represents the amount of predictability between Middle Island time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th of December 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 Middle Island Resources price movement. The serial correlation of 0.2 indicates that over 20.0% of current Middle Island price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Middle Island Resources lagged returns against current returns
Autocorrelation, which is Middle Island 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 Middle Island's stock expected returns. We can calculate the autocorrelation of Middle Island returns to help us make a trade decision. For example, suppose you find that Middle Island 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 |
Middle Island 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 Middle Island stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Middle Island stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Middle Island stock over time.
Current vs Lagged Prices |
| Timeline |
Middle Island Lagged Returns
When evaluating Middle Island's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Middle Island stock have on its future price. Middle Island 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, Middle Island autocorrelation shows the relationship between Middle Island stock current value and its past values and can show if there is a momentum factor associated with investing in Middle Island Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Middle Stock
Middle Island financial ratios help investors to determine whether Middle 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 Middle with respect to the benefits of owning Middle Island security.