Meren Energy Stock Market Value
| MER Stock | 1.82 0.04 2.25% |
| Symbol | Meren |
Meren Energy Price To Book Ratio
Meren 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 Meren Energy's 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 Meren Energy.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Meren Energy on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Meren Energy or generate 0.0% return on investment in Meren Energy over 570 days. Meren Energy is related to or competes with Cardinal Energy, Kelt Exploration, Spartan Delta, Precision Drilling, Ur Energy, Trican Well, and Obsidian Energy. Meren Energy is entity of Canada. It is traded as Stock on TO exchange. More
Meren 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 Meren Energy's 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 Meren Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 2.23 |
Meren Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meren Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meren Energy's standard deviation. In reality, there are many statistical measures that can use Meren Energy historical prices to predict the future Meren Energy's volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | 0.0031 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0539 |
Meren Energy Backtested Returns
As of now, Meren Stock is risky. Meren Energy has Sharpe Ratio of 0.033, which conveys that the firm had a 0.033 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Meren Energy, which you can use to evaluate the volatility of the firm. Please verify Meren Energy's Mean Deviation of 1.42, downside deviation of 2.06, and Risk Adjusted Performance of 0.0068 to check out if the risk estimate we provide is consistent with the expected return of 0.0641%. Meren Energy has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Meren Energy are expected to decrease at a much lower rate. During the bear market, Meren Energy is likely to outperform the market. Meren Energy right now secures a risk of 1.94%. Please verify Meren Energy semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Meren Energy will be following its current price movements.
Auto-correlation | 0.09 |
Virtually no predictability
Meren Energy has virtually no predictability. Overlapping area represents the amount of predictability between Meren Energy time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 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 Meren Energy price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Meren Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Meren Energy lagged returns against current returns
Autocorrelation, which is Meren Energy 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 Meren Energy's stock expected returns. We can calculate the autocorrelation of Meren Energy returns to help us make a trade decision. For example, suppose you find that Meren Energy 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 |
Meren 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 Meren Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meren Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meren Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Meren Energy Lagged Returns
When evaluating Meren Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meren Energy stock have on its future price. Meren 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, Meren Energy autocorrelation shows the relationship between Meren Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Meren Energy.
Regressed Prices |
| Timeline |
Pair Trading with Meren Energy
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 Meren Energy 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 Meren Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Meren Stock
| 0.66 | MEGO-P | Amego Capital Corp | PairCorr |
| 0.65 | RCI-B | Rogers Communications | PairCorr |
| 0.43 | ELF-PH | E L Financial | PairCorr |
| 0.4 | OPHR | Ophir Gold Corp | PairCorr |
| 0.39 | QNC | Quantum Numbers | PairCorr |
The ability to find closely correlated positions to Meren Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Meren Energy 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 Meren Energy - 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 Meren Energy to buy it.
The correlation of Meren Energy 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 Meren Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meren Energy 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 Meren Energy 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 Meren Stock
Meren Energy financial ratios help investors to determine whether Meren 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 Meren with respect to the benefits of owning Meren Energy security.