Metals Acquisition (Australia) Market Value
| MAC Stock | 19.46 0.14 0.71% |
| Symbol | Metals |
Metals Acquisition '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 Metals Acquisition'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 Metals Acquisition.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Metals Acquisition on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Metals Acquisition Limited or generate 0.0% return on investment in Metals Acquisition over 180 days. Metals Acquisition is related to or competes with EROAD, and Kip McGrath. Metals Acquisition is entity of Australia More
Metals Acquisition 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 Metals Acquisition'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 Metals Acquisition Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.0308 | |||
| Maximum Drawdown | 16.49 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.75 |
Metals Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metals Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metals Acquisition's standard deviation. In reality, there are many statistical measures that can use Metals Acquisition historical prices to predict the future Metals Acquisition's volatility.| Risk Adjusted Performance | 0.0723 | |||
| Jensen Alpha | 0.1063 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0265 | |||
| Treynor Ratio | 0.265 |
Metals Acquisition Backtested Returns
Metals Acquisition appears to be not too volatile, given 3 months investment horizon. Metals Acquisition has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Metals Acquisition, which you can use to evaluate the volatility of the firm. Please exercise Metals Acquisition's Downside Deviation of 2.93, risk adjusted performance of 0.0723, and Mean Deviation of 1.76 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Metals Acquisition holds a performance score of 9. The company secures a Beta (Market Risk) of 0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Metals Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metals Acquisition is expected to be smaller as well. Please check Metals Acquisition's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Metals Acquisition's current price movements will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Metals Acquisition Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Metals Acquisition time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Metals Acquisition price movement. The serial correlation of -0.25 indicates that over 25.0% of current Metals Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
Metals Acquisition lagged returns against current returns
Autocorrelation, which is Metals Acquisition 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 Metals Acquisition's stock expected returns. We can calculate the autocorrelation of Metals Acquisition returns to help us make a trade decision. For example, suppose you find that Metals Acquisition 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 |
Metals Acquisition 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 Metals Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metals Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metals Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
Metals Acquisition Lagged Returns
When evaluating Metals Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metals Acquisition stock have on its future price. Metals Acquisition 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, Metals Acquisition autocorrelation shows the relationship between Metals Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Metals Acquisition Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Metals Stock Analysis
When running Metals Acquisition's price analysis, check to measure Metals Acquisition'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 Metals Acquisition is operating at the current time. Most of Metals Acquisition's value examination focuses on studying past and present price action to predict the probability of Metals Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metals Acquisition's price. Additionally, you may evaluate how the addition of Metals Acquisition to your portfolios can decrease your overall portfolio volatility.