Medinah Minerals Stock Market Value
| MDMN Stock | USD 0.0001 0.00 0.00% |
| Symbol | Medinah |
Medinah Minerals '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 Medinah Minerals' pink sheet 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 Medinah Minerals.
| 06/13/2024 |
| 01/04/2026 |
If you would invest 0.00 in Medinah Minerals on June 13, 2024 and sell it all today you would earn a total of 0.00 from holding Medinah Minerals or generate 0.0% return on investment in Medinah Minerals over 570 days. Medinah Minerals is related to or competes with Evergold Corp, and Blue Star. Medinah Minerals, Inc., through its subsidiaries, explores for and develops mineral properties More
Medinah Minerals 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 Medinah Minerals' pink sheet 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 Medinah Minerals upside and downside potential and time the market with a certain degree of confidence.
Medinah Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medinah Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medinah Minerals' standard deviation. In reality, there are many statistical measures that can use Medinah Minerals historical prices to predict the future Medinah Minerals' volatility.Medinah Minerals Backtested Returns
We have found three technical indicators for Medinah Minerals, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Medinah Minerals are completely uncorrelated.
Auto-correlation | 0.06 |
Virtually no predictability
Medinah Minerals has virtually no predictability. Overlapping area represents the amount of predictability between Medinah Minerals time series from 13th of June 2024 to 25th of March 2025 and 25th of March 2025 to 4th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Medinah Minerals price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Medinah Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medinah Minerals lagged returns against current returns
Autocorrelation, which is Medinah Minerals pink sheet'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 Medinah Minerals' pink sheet expected returns. We can calculate the autocorrelation of Medinah Minerals returns to help us make a trade decision. For example, suppose you find that Medinah Minerals has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Medinah Minerals 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 Medinah Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medinah Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medinah Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Medinah Minerals Lagged Returns
When evaluating Medinah Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medinah Minerals pink sheet have on its future price. Medinah Minerals 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, Medinah Minerals autocorrelation shows the relationship between Medinah Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Medinah Minerals.
Regressed Prices |
| Timeline |
Pair Trading with Medinah Minerals
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 Medinah Minerals 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 Medinah Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Medinah Pink Sheet
The ability to find closely correlated positions to Medinah Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medinah Minerals 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 Medinah Minerals - 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 Medinah Minerals to buy it.
The correlation of Medinah Minerals 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 Medinah Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medinah Minerals 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 Medinah Minerals 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 Medinah Pink Sheet
Medinah Minerals financial ratios help investors to determine whether Medinah Pink Sheet 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 Medinah with respect to the benefits of owning Medinah Minerals security.