Mexican Gold Mining Stock Market Value
| MEXGF Stock | USD 0.02 0.0007 3.68% |
| Symbol | Mexican |
Mexican Gold '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 Mexican Gold's otc 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 Mexican Gold.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mexican Gold on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mexican Gold Mining or generate 0.0% return on investment in Mexican Gold over 90 days. Mexican Gold is related to or competes with Morningstar Unconstrained, High-yield Municipal, Knife River, Klckner Co, CarMax, SEI Investments, and Kosmos Energy. Mexican Gold Mining Corp. engages in the acquisition, exploration, and evaluation of resource properties More
Mexican Gold 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 Mexican Gold's otc 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 Mexican Gold Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 96.61 | |||
| Value At Risk | (22.00) | |||
| Potential Upside | 5.98 |
Mexican Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mexican Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mexican Gold's standard deviation. In reality, there are many statistical measures that can use Mexican Gold historical prices to predict the future Mexican Gold's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.08) | |||
| Total Risk Alpha | (2.86) | |||
| Treynor Ratio | 5.74 |
Mexican Gold Mining Backtested Returns
Mexican Gold Mining has Sharpe Ratio of -0.0826, which conveys that the firm had a -0.0826% return per unit of risk over the last 3 months. Mexican Gold exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mexican Gold's Risk Adjusted Performance of (0.07), mean deviation of 4.75, and Standard Deviation of 11.19 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mexican Gold are expected to decrease at a much lower rate. During the bear market, Mexican Gold is likely to outperform the market. At this point, Mexican Gold Mining has a negative expected return of -0.94%. Please make sure to verify Mexican Gold's standard deviation and the relationship between the total risk alpha and day typical price , to decide if Mexican Gold Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Mexican Gold Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mexican Gold time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th of November 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 Mexican Gold Mining price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Mexican Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mexican Gold Mining lagged returns against current returns
Autocorrelation, which is Mexican Gold otc 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 Mexican Gold's otc stock expected returns. We can calculate the autocorrelation of Mexican Gold returns to help us make a trade decision. For example, suppose you find that Mexican Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Mexican Gold 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 Mexican Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mexican Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mexican Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Mexican Gold Lagged Returns
When evaluating Mexican Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mexican Gold otc stock have on its future price. Mexican Gold 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, Mexican Gold autocorrelation shows the relationship between Mexican Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Mexican Gold Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mexican OTC Stock
Mexican Gold financial ratios help investors to determine whether Mexican OTC 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 Mexican with respect to the benefits of owning Mexican Gold security.