Magnetic Resources (Australia) Market Value
| MAU Stock | 1.25 0.17 15.74% |
| Symbol | Magnetic |
Magnetic Resources '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 Magnetic Resources' 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 Magnetic Resources.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Magnetic Resources on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Magnetic Resources NL or generate 0.0% return on investment in Magnetic Resources over 720 days. Magnetic Resources is related to or competes with Aurelia Metals, AiMedia Technologies, and COAST ENTERTAINMENT. Magnetic Resources is entity of Australia More
Magnetic Resources 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 Magnetic Resources' 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 Magnetic Resources NL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.46 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 4.46 |
Magnetic Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magnetic Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magnetic Resources' standard deviation. In reality, there are many statistical measures that can use Magnetic Resources historical prices to predict the future Magnetic Resources' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.64) |
Magnetic Resources Backtested Returns
Magnetic Resources has Sharpe Ratio of -0.0968, which conveys that the firm had a -0.0968% return per unit of risk over the last 3 months. Magnetic Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Magnetic Resources' Mean Deviation of 2.17, risk adjusted performance of (0.06), and Standard Deviation of 3.35 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Magnetic Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Magnetic Resources is expected to be smaller as well. At this point, Magnetic Resources has a negative expected return of -0.33%. Please make sure to verify Magnetic Resources' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Magnetic Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Magnetic Resources NL has below average predictability. Overlapping area represents the amount of predictability between Magnetic Resources time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Magnetic Resources price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Magnetic Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Magnetic Resources lagged returns against current returns
Autocorrelation, which is Magnetic Resources 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 Magnetic Resources' stock expected returns. We can calculate the autocorrelation of Magnetic Resources returns to help us make a trade decision. For example, suppose you find that Magnetic Resources 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 |
Magnetic Resources 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 Magnetic Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magnetic Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magnetic Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Magnetic Resources Lagged Returns
When evaluating Magnetic Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magnetic Resources stock have on its future price. Magnetic Resources 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, Magnetic Resources autocorrelation shows the relationship between Magnetic Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Magnetic Resources NL.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Magnetic Stock Analysis
When running Magnetic Resources' price analysis, check to measure Magnetic Resources' 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 Magnetic Resources is operating at the current time. Most of Magnetic Resources' value examination focuses on studying past and present price action to predict the probability of Magnetic Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnetic Resources' price. Additionally, you may evaluate how the addition of Magnetic Resources to your portfolios can decrease your overall portfolio volatility.