Inomin Mines Stock Market Value
| MINE Stock | CAD 0.04 0.01 12.50% |
| Symbol | Inomin |
Inomin Mines '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 Inomin Mines' 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 Inomin Mines.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Inomin Mines on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Inomin Mines or generate 0.0% return on investment in Inomin Mines over 30 days. Inomin Mines is related to or competes with Quorum Information, Wishpond Technologies, High Liner, Data Communications, AGF Management, Quisitive Technology, and Exco Technologies. Inomin Mines Inc., an exploration stage company, engages in the identification, exploration, and development of mineral ... More
Inomin Mines 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 Inomin Mines' 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 Inomin Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.81 | |||
| Information Ratio | 0.0501 | |||
| Maximum Drawdown | 62.86 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Inomin Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inomin Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inomin Mines' standard deviation. In reality, there are many statistical measures that can use Inomin Mines historical prices to predict the future Inomin Mines' volatility.| Risk Adjusted Performance | 0.0545 | |||
| Jensen Alpha | 0.8348 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0287 | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inomin Mines' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Inomin Mines Backtested Returns
Inomin Mines appears to be out of control, given 3 months investment horizon. Inomin Mines holds Efficiency (Sharpe) Ratio of 0.0629, which attests that the entity had a 0.0629% return per unit of risk over the last 3 months. By evaluating Inomin Mines' technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Inomin Mines' Risk Adjusted Performance of 0.0545, downside deviation of 15.81, and Market Risk Adjusted Performance of (0.19) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inomin Mines holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -2.74, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Inomin Mines are expected to decrease by larger amounts. On the other hand, during market turmoil, Inomin Mines is expected to outperform it. Please check Inomin Mines' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Inomin Mines' current trending patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Inomin Mines has very good reverse predictability. Overlapping area represents the amount of predictability between Inomin Mines time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Inomin Mines price movement. The serial correlation of -0.69 indicates that around 69.0% of current Inomin Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Inomin Mines lagged returns against current returns
Autocorrelation, which is Inomin Mines 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 Inomin Mines' stock expected returns. We can calculate the autocorrelation of Inomin Mines returns to help us make a trade decision. For example, suppose you find that Inomin Mines 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 |
Inomin Mines 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 Inomin Mines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inomin Mines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inomin Mines stock over time.
Current vs Lagged Prices |
| Timeline |
Inomin Mines Lagged Returns
When evaluating Inomin Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inomin Mines stock have on its future price. Inomin Mines 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, Inomin Mines autocorrelation shows the relationship between Inomin Mines stock current value and its past values and can show if there is a momentum factor associated with investing in Inomin Mines.
Regressed Prices |
| Timeline |
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Additional Tools for Inomin Stock Analysis
When running Inomin Mines' price analysis, check to measure Inomin Mines' 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 Inomin Mines is operating at the current time. Most of Inomin Mines' value examination focuses on studying past and present price action to predict the probability of Inomin Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inomin Mines' price. Additionally, you may evaluate how the addition of Inomin Mines to your portfolios can decrease your overall portfolio volatility.