Mkango Resources Stock Market Value
| MKA Stock | CAD 0.15 0.03 16.67% |
| Symbol | Mkango |
Mkango Resources Price To Book Ratio
Mkango Resources '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 Mkango Resources' 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 Mkango Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mkango Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mkango Resources or generate 0.0% return on investment in Mkango Resources over 30 days. Mkango Resources is related to or competes with Midnight Sun, and Montero Mining. Mkango Resources Ltd., through its subsidiary, Lancaster Exploration Limited, explores for and develops rare earth eleme... More
Mkango Resources 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 Mkango Resources' 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 Mkango Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.92 | |||
| Information Ratio | 0.0903 | |||
| Maximum Drawdown | 55.56 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 20.0 |
Mkango Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mkango Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mkango Resources' standard deviation. In reality, there are many statistical measures that can use Mkango Resources historical prices to predict the future Mkango Resources' volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 1.08 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.0743 | |||
| Treynor Ratio | 18.72 |
Mkango Resources Backtested Returns
Mkango Resources appears to be out of control, given 3 months investment horizon. Mkango Resources has Sharpe Ratio of 0.0785, which conveys that the firm had a 0.0785% return per unit of risk over the last 3 months. By analyzing Mkango Resources' technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please exercise Mkango Resources' Mean Deviation of 5.45, downside deviation of 12.92, and Risk Adjusted Performance of 0.0882 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mkango Resources holds a performance score of 6. The company secures a Beta (Market Risk) of 0.0581, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mkango Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mkango Resources is expected to be smaller as well. Please check Mkango Resources' potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Mkango Resources' current price movements will revert.
Auto-correlation | 0.38 |
Below average predictability
Mkango Resources has below average predictability. Overlapping area represents the amount of predictability between Mkango Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Mkango Resources price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Mkango Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mkango Resources lagged returns against current returns
Autocorrelation, which is Mkango Resources 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 Mkango Resources' stock expected returns. We can calculate the autocorrelation of Mkango Resources returns to help us make a trade decision. For example, suppose you find that Mkango Resources 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 |
Mkango Resources 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 Mkango Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mkango Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mkango Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Mkango Resources Lagged Returns
When evaluating Mkango Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mkango Resources stock have on its future price. Mkango Resources 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, Mkango Resources autocorrelation shows the relationship between Mkango Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Mkango Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mkango Stock Analysis
When running Mkango Resources' price analysis, check to measure Mkango Resources' 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 Mkango Resources is operating at the current time. Most of Mkango Resources' value examination focuses on studying past and present price action to predict the probability of Mkango Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mkango Resources' price. Additionally, you may evaluate how the addition of Mkango Resources to your portfolios can decrease your overall portfolio volatility.