Meeka Metals (Australia) Market Value
| MEK Stock | 0.11 0.01 10.00% |
| Symbol | Meeka |
Meeka Metals '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 Meeka Metals' 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 Meeka Metals.
| 01/08/2025 |
| 02/07/2025 |
If you would invest 0.00 in Meeka Metals on January 8, 2025 and sell it all today you would earn a total of 0.00 from holding Meeka Metals Limited or generate 0.0% return on investment in Meeka Metals over 30 days. Meeka Metals is related to or competes with Evolution Mining, Bluescope Steel, Perseus Mining, Champion Iron, Peel Mining, Perpetual Credit, and Talisman Mining. Meeka Metals is entity of Australia. It is traded as Stock on AU exchange. More
Meeka Metals 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 Meeka Metals' 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 Meeka Metals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.81 | |||
| Information Ratio | 0.0747 | |||
| Maximum Drawdown | 24.06 | |||
| Value At Risk | (7.25) | |||
| Potential Upside | 10.0 |
Meeka Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meeka Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meeka Metals' standard deviation. In reality, there are many statistical measures that can use Meeka Metals historical prices to predict the future Meeka Metals' volatility.| Risk Adjusted Performance | 0.0854 | |||
| Jensen Alpha | 0.4959 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0597 | |||
| Treynor Ratio | (28.58) |
Meeka Metals Limited Backtested Returns
Meeka Metals appears to be out of control, given 3 months investment horizon. Meeka Metals Limited has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18 % return per unit of risk over the last 3 months. By analyzing Meeka Metals' technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please exercise Meeka Metals' Downside Deviation of 6.81, mean deviation of 3.71, and Risk Adjusted Performance of 0.0854 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meeka Metals holds a performance score of 14. The company secures a Beta (Market Risk) of -0.0173, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Meeka Metals are expected to decrease at a much lower rate. During the bear market, Meeka Metals is likely to outperform the market. Please check Meeka Metals' information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Meeka Metals' current price movements will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Meeka Metals Limited has good reverse predictability. Overlapping area represents the amount of predictability between Meeka Metals time series from 8th of January 2025 to 23rd of January 2025 and 23rd of January 2025 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Meeka Metals Limited price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Meeka Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Meeka Metals Limited lagged returns against current returns
Autocorrelation, which is Meeka Metals 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 Meeka Metals' stock expected returns. We can calculate the autocorrelation of Meeka Metals returns to help us make a trade decision. For example, suppose you find that Meeka Metals 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 |
Meeka Metals 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 Meeka Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meeka Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meeka Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Meeka Metals Lagged Returns
When evaluating Meeka Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meeka Metals stock have on its future price. Meeka Metals 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, Meeka Metals autocorrelation shows the relationship between Meeka Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Meeka Metals Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Meeka Stock Analysis
When running Meeka Metals' price analysis, check to measure Meeka Metals' 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 Meeka Metals is operating at the current time. Most of Meeka Metals' value examination focuses on studying past and present price action to predict the probability of Meeka Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meeka Metals' price. Additionally, you may evaluate how the addition of Meeka Metals to your portfolios can decrease your overall portfolio volatility.