Millbank Mining Corp Stock Market Value
| MILL Stock | 0.47 0.01 2.17% |
| Symbol | Millbank |
Millbank Mining Corp Price To Book Ratio
Millbank Mining '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 Millbank Mining'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 Millbank Mining.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Millbank Mining on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Millbank Mining Corp or generate 0.0% return on investment in Millbank Mining over 720 days. Millbank Mining is related to or competes with Foraco International, Geodrill, and Bri Chem. Millbank Mining is entity of Canada. It is traded as Stock on V exchange. More
Millbank Mining 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 Millbank Mining'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 Millbank Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.41 | |||
| Information Ratio | 0.0663 | |||
| Maximum Drawdown | 37.75 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 10.0 |
Millbank Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millbank Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Millbank Mining's standard deviation. In reality, there are many statistical measures that can use Millbank Mining historical prices to predict the future Millbank Mining's volatility.| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | 0.3414 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0417 | |||
| Treynor Ratio | 0.3504 |
Millbank Mining Corp Backtested Returns
Millbank Mining appears to be out of control, given 3 months investment horizon. Millbank Mining Corp has Sharpe Ratio of 0.0541, which conveys that the firm had a 0.0541% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Millbank Mining, which you can use to evaluate the volatility of the firm. Please exercise Millbank Mining's Mean Deviation of 2.87, downside deviation of 8.41, and Risk Adjusted Performance of 0.0659 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Millbank Mining holds a performance score of 4. The company secures a Beta (Market Risk) of 1.17, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Millbank Mining will likely underperform. Please check Millbank Mining's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Millbank Mining's current price movements will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Millbank Mining Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Millbank Mining time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 Millbank Mining Corp price movement. The serial correlation of -0.81 indicates that around 81.0% of current Millbank Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Millbank Mining Corp lagged returns against current returns
Autocorrelation, which is Millbank Mining 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 Millbank Mining's stock expected returns. We can calculate the autocorrelation of Millbank Mining returns to help us make a trade decision. For example, suppose you find that Millbank Mining 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 |
Millbank Mining 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 Millbank Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Millbank Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Millbank Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Millbank Mining Lagged Returns
When evaluating Millbank Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Millbank Mining stock have on its future price. Millbank Mining 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, Millbank Mining autocorrelation shows the relationship between Millbank Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Millbank Mining Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Millbank Stock Analysis
When running Millbank Mining's price analysis, check to measure Millbank Mining'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 Millbank Mining is operating at the current time. Most of Millbank Mining's value examination focuses on studying past and present price action to predict the probability of Millbank Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millbank Mining's price. Additionally, you may evaluate how the addition of Millbank Mining to your portfolios can decrease your overall portfolio volatility.