Metals Creek Resources Stock Market Value
| MCREF Stock | USD 0.02 0.01 33.33% |
| Symbol | Metals |
Metals Creek '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 Creek's otc 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 Creek.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Metals Creek on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Metals Creek Resources or generate 0.0% return on investment in Metals Creek over 90 days. Metals Creek is related to or competes with Ameriwest Lithium, and Osisko Metals. Metals Creek Resources Corp., an exploration stage company, explores for mineral properties in Canada More
Metals Creek 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 Creek's otc 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 Creek Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1292 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Metals Creek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metals Creek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metals Creek's standard deviation. In reality, there are many statistical measures that can use Metals Creek historical prices to predict the future Metals Creek's volatility.| Risk Adjusted Performance | 0.1129 | |||
| Jensen Alpha | 3.11 | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (4.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Metals Creek's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Metals Creek Resources Backtested Returns
Metals Creek is out of control given 3 months investment horizon. Metals Creek 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 analyze and collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 3.13% are justified by taking the suggested risk. Use Metals Creek Resources Risk Adjusted Performance of 0.1129, mean deviation of 10.15, and Standard Deviation of 22.44 to evaluate company specific risk that cannot be diversified away. Metals Creek holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Metals Creek are expected to decrease at a much lower rate. During the bear market, Metals Creek is likely to outperform the market. Use Metals Creek Resources skewness and the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Metals Creek Resources.
Auto-correlation | -0.33 |
Poor reverse predictability
Metals Creek Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Metals Creek time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Metals Creek Resources price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Metals Creek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metals Creek Resources lagged returns against current returns
Autocorrelation, which is Metals Creek otc 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 Creek's otc stock expected returns. We can calculate the autocorrelation of Metals Creek returns to help us make a trade decision. For example, suppose you find that Metals Creek has exhibited high autocorrelation historically, and you observe that the otc 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 Creek 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 Creek otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metals Creek otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metals Creek otc stock over time.
Current vs Lagged Prices |
| Timeline |
Metals Creek Lagged Returns
When evaluating Metals Creek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metals Creek otc stock have on its future price. Metals Creek 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 Creek autocorrelation shows the relationship between Metals Creek otc stock current value and its past values and can show if there is a momentum factor associated with investing in Metals Creek Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Metals OTC Stock
Metals Creek financial ratios help investors to determine whether Metals OTC 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 Metals with respect to the benefits of owning Metals Creek security.