Melbana Energy Limited Stock Market Value
| MEOAF Stock | USD 0 0.00 0.00% |
| Symbol | Melbana |
Melbana Energy '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 Melbana Energy's 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 Melbana Energy.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in Melbana Energy on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding Melbana Energy Limited or generate 0.0% return on investment in Melbana Energy over 720 days. Melbana Energy is related to or competes with CGX Energy, Eco (Atlantic), Barrister Energy, and Altura Energy. Melbana Energy Limited engages in the oil and gas exploration in Cuba and Australia More
Melbana Energy 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 Melbana Energy's 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 Melbana Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 83.33 |
Melbana Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melbana Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melbana Energy's standard deviation. In reality, there are many statistical measures that can use Melbana Energy historical prices to predict the future Melbana Energy's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (1.89) | |||
| Total Risk Alpha | (2.15) | |||
| Treynor Ratio | (2.71) |
Melbana Energy Backtested Returns
Melbana Energy has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17 % return per unit of risk over the last 3 months. Melbana Energy exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Melbana Energy's Standard Deviation of 11.31, mean deviation of 3.62, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Melbana Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Melbana Energy is expected to be smaller as well. At this point, Melbana Energy has a negative expected return of -2.06%. Please make sure to verify Melbana Energy's variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Melbana Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Melbana Energy Limited has average predictability. Overlapping area represents the amount of predictability between Melbana Energy time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st of January 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 Melbana Energy price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Melbana Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Melbana Energy lagged returns against current returns
Autocorrelation, which is Melbana Energy 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 Melbana Energy's pink sheet expected returns. We can calculate the autocorrelation of Melbana Energy returns to help us make a trade decision. For example, suppose you find that Melbana Energy 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 |
Melbana Energy 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 Melbana Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melbana Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melbana Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Melbana Energy Lagged Returns
When evaluating Melbana Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melbana Energy pink sheet have on its future price. Melbana Energy 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, Melbana Energy autocorrelation shows the relationship between Melbana Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Melbana Energy Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Melbana Pink Sheet
Melbana Energy financial ratios help investors to determine whether Melbana 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 Melbana with respect to the benefits of owning Melbana Energy security.