Manila Mining (Philippines) Market Value
| MAB Stock | 0 0.0001 3.13% |
| Symbol | Manila |
Manila 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 Manila 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 Manila Mining.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Manila Mining on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Manila Mining Corp or generate 0.0% return on investment in Manila Mining over 540 days. Manila Mining is related to or competes with Philex Mining, and Atlas Consolidated. More
Manila 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 Manila 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 Manila Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 5.41 |
Manila Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manila Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manila Mining's standard deviation. In reality, there are many statistical measures that can use Manila Mining historical prices to predict the future Manila Mining's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (2.09) |
Manila Mining Corp Backtested Returns
Manila Mining Corp has Sharpe Ratio of -0.0743, which conveys that the firm had a -0.0743% return per unit of risk over the last 3 months. Manila Mining exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Manila Mining's Standard Deviation of 3.32, mean deviation of 2.49, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manila Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manila Mining is expected to be smaller as well. At this point, Manila Mining Corp has a negative expected return of -0.26%. Please make sure to verify Manila Mining's kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if Manila Mining Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Manila Mining Corp has good predictability. Overlapping area represents the amount of predictability between Manila Mining time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Manila Mining Corp price movement. The serial correlation of 0.77 indicates that around 77.0% of current Manila Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Manila Mining Corp lagged returns against current returns
Autocorrelation, which is Manila 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 Manila Mining's stock expected returns. We can calculate the autocorrelation of Manila Mining returns to help us make a trade decision. For example, suppose you find that Manila 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 |
Manila 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 Manila Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manila Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manila Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Manila Mining Lagged Returns
When evaluating Manila Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manila Mining stock have on its future price. Manila 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, Manila Mining autocorrelation shows the relationship between Manila Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Manila Mining Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Manila Stock
Manila Mining financial ratios help investors to determine whether Manila 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 Manila with respect to the benefits of owning Manila Mining security.