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.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Medinah Minerals on December 9, 2023 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 360 days. Medinah Minerals is related to or competes with Fury Gold, Trilogy Metals, and Western Copper. 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
Medinah Minerals is out of control given 3 months investment horizon. Medinah Minerals has Sharpe Ratio of 0.26, which conveys that the firm had a 0.26% return per unit of risk over the last 3 months. We have collected data for four different technical indicators, which can help you to evaluate if expected returns of 71.43% are justified by taking the suggested risk. Use Medinah Minerals day typical price of 1.0E-4, and Rate Of Daily Change of 1.0 to evaluate company specific risk that cannot be diversified away. Medinah Minerals holds a performance score of 20 on a scale of zero to a hundred. 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. Use Medinah Minerals rate of daily change , to analyze future returns on Medinah Minerals.
Auto-correlation | -0.35 |
Poor reverse predictability
Medinah Minerals has poor reverse predictability. Overlapping area represents the amount of predictability between Medinah Minerals time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Medinah Minerals price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Medinah Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.19 | |
| 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 |
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.