M3 Metals Corp Stock Market Value
| MLGCF Stock | USD 0.14 0.02 12.50% |
| Symbol | MLGCF |
M3 Metals '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 M3 Metals' 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 M3 Metals.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in M3 Metals on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding M3 Metals Corp or generate 0.0% return on investment in M3 Metals over 30 days. M3 Metals is related to or competes with IGO. M3 Metals Corp. engages in the acquisition, exploration, and development of mineral properties in North America More
M3 Metals 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 M3 Metals' 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 M3 Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) |
M3 Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for M3 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as M3 Metals' standard deviation. In reality, there are many statistical measures that can use M3 Metals historical prices to predict the future M3 Metals' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (2.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of M3 Metals' 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.
M3 Metals Corp Backtested Returns
M3 Metals Corp retains Efficiency (Sharpe Ratio) of -0.12, which conveys that the company had a -0.12% return per unit of price deviation over the last 3 months. M3 Metals exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify M3 Metals' Market Risk Adjusted Performance of (2.12), mean deviation of 0.373, and Information Ratio of (0.20) to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0938, which conveys not very significant fluctuations relative to the market. As returns on the market increase, M3 Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding M3 Metals is expected to be smaller as well. At this point, M3 Metals Corp has a negative expected return of -0.2%. Please make sure to verify M3 Metals' standard deviation, accumulation distribution, price action indicator, as well as the relationship between the jensen alpha and day median price , to decide if M3 Metals Corp performance from the past will be repeated sooner or later.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
M3 Metals Corp lagged returns against current returns
Autocorrelation, which is M3 Metals 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 M3 Metals' otc stock expected returns. We can calculate the autocorrelation of M3 Metals returns to help us make a trade decision. For example, suppose you find that M3 Metals 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 |
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M3 Metals 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 M3 Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if M3 Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in M3 Metals otc stock over time.
Current vs Lagged Prices |
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M3 Metals Lagged Returns
When evaluating M3 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of M3 Metals otc stock have on its future price. M3 Metals 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, M3 Metals autocorrelation shows the relationship between M3 Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in M3 Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MLGCF OTC Stock
M3 Metals financial ratios help investors to determine whether MLGCF 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 MLGCF with respect to the benefits of owning M3 Metals security.