Minaurum Gold Stock Market Value
| MGG Stock | CAD 0.21 0.01 5.00% |
| Symbol | Minaurum |
Minaurum Gold Price To Book Ratio
Minaurum 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 Minaurum Gold'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 Minaurum Gold.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Minaurum Gold on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Minaurum Gold or generate 0.0% return on investment in Minaurum Gold over 720 days. Minaurum Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Minaurum Gold Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Me... More
Minaurum 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 Minaurum Gold'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 Minaurum Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 23.21 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.0 |
Minaurum Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minaurum Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minaurum Gold's standard deviation. In reality, there are many statistical measures that can use Minaurum Gold historical prices to predict the future Minaurum Gold's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | 0.157 |
Minaurum Gold Backtested Returns
Minaurum Gold has Sharpe Ratio of -0.0094, which conveys that the firm had a -0.0094% return per unit of risk over the last 3 months. Minaurum Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minaurum Gold's Mean Deviation of 4.24, standard deviation of 5.61, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Minaurum Gold are expected to decrease at a much lower rate. During the bear market, Minaurum Gold is likely to outperform the market. At this point, Minaurum Gold has a negative expected return of -0.0528%. Please make sure to verify Minaurum Gold's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Minaurum Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Minaurum Gold has insignificant predictability. Overlapping area represents the amount of predictability between Minaurum Gold time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Minaurum Gold price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Minaurum Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Minaurum Gold lagged returns against current returns
Autocorrelation, which is Minaurum Gold 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 Minaurum Gold's stock expected returns. We can calculate the autocorrelation of Minaurum Gold returns to help us make a trade decision. For example, suppose you find that Minaurum Gold 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 |
Minaurum 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 Minaurum Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minaurum Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minaurum Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Minaurum Gold Lagged Returns
When evaluating Minaurum Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minaurum Gold stock have on its future price. Minaurum 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, Minaurum Gold autocorrelation shows the relationship between Minaurum Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Minaurum Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Minaurum Stock Analysis
When running Minaurum Gold's price analysis, check to measure Minaurum Gold's 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 Minaurum Gold is operating at the current time. Most of Minaurum Gold's value examination focuses on studying past and present price action to predict the probability of Minaurum Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minaurum Gold's price. Additionally, you may evaluate how the addition of Minaurum Gold to your portfolios can decrease your overall portfolio volatility.