Marimaca Copper Corp Stock Market Value
| MARI Stock | CAD 4.84 0.03 0.62% |
| Symbol | Marimaca |
Marimaca Copper Corp Price To Book Ratio
Marimaca Copper '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 Marimaca Copper'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 Marimaca Copper.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Marimaca Copper on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Marimaca Copper Corp or generate 0.0% return on investment in Marimaca Copper over 30 days. Marimaca Copper is related to or competes with Ero Copper, Dore Copper, QC Copper, Arizona Sonoran, and Solaris Resources. Marimaca Copper Corp. engages in the acquisition, exploration, and development of mineral properties and projects in the... More
Marimaca Copper 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 Marimaca Copper'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 Marimaca Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.0796 | |||
| Maximum Drawdown | 16.53 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 4.74 |
Marimaca Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marimaca Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marimaca Copper's standard deviation. In reality, there are many statistical measures that can use Marimaca Copper historical prices to predict the future Marimaca Copper's volatility.| Risk Adjusted Performance | 0.1043 | |||
| Jensen Alpha | 0.4168 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | (0.56) |
Marimaca Copper Corp Backtested Returns
Marimaca Copper appears to be moderately volatile, given 3 months investment horizon. Marimaca Copper Corp 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-nine technical indicators for Marimaca Copper, which you can use to evaluate the volatility of the firm. Please exercise Marimaca Copper's Risk Adjusted Performance of 0.1043, downside deviation of 2.8, and Mean Deviation of 2.11 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Marimaca Copper holds a performance score of 9. The company secures a Beta (Market Risk) of -0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Marimaca Copper are expected to decrease at a much lower rate. During the bear market, Marimaca Copper is likely to outperform the market. Please check Marimaca Copper's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Marimaca Copper's current price movements will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Marimaca Copper Corp has virtually no predictability. Overlapping area represents the amount of predictability between Marimaca Copper time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Marimaca Copper Corp price movement. The serial correlation of 0.01 indicates that just 1.0% of current Marimaca Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Marimaca Copper Corp lagged returns against current returns
Autocorrelation, which is Marimaca Copper 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 Marimaca Copper's stock expected returns. We can calculate the autocorrelation of Marimaca Copper returns to help us make a trade decision. For example, suppose you find that Marimaca Copper 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 |
Marimaca Copper 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 Marimaca Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marimaca Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marimaca Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Marimaca Copper Lagged Returns
When evaluating Marimaca Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marimaca Copper stock have on its future price. Marimaca Copper 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, Marimaca Copper autocorrelation shows the relationship between Marimaca Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Marimaca Copper Corp.
Regressed Prices |
| Timeline |
Pair Trading with Marimaca Copper
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Marimaca Copper position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Marimaca Copper will appreciate offsetting losses from the drop in the long position's value.Moving together with Marimaca Stock
Moving against Marimaca Stock
The ability to find closely correlated positions to Marimaca Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marimaca Copper when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Marimaca Copper - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Marimaca Copper Corp to buy it.
The correlation of Marimaca Copper is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Marimaca Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marimaca Copper Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Marimaca Copper can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Marimaca Stock
Marimaca Copper financial ratios help investors to determine whether Marimaca 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 Marimaca with respect to the benefits of owning Marimaca Copper security.