Metalero Mining Corp Stock Market Value
| MLO Stock | 0.14 0.01 6.67% |
| Symbol | Metalero |
Metalero 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 Metalero 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 Metalero Mining.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Metalero Mining on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Metalero Mining Corp or generate 0.0% return on investment in Metalero Mining over 30 days. Metalero Mining is related to or competes with Agnico Eagle, Barrick Gold, Wheaton Precious, Franco Nevada, Kinross Gold, Alamos Gold, and Endeavour Mining. Metalero Mining is entity of Canada. It is traded as Stock on V exchange. More
Metalero 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 Metalero 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 Metalero Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (6.25) |
Metalero Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metalero Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metalero Mining's standard deviation. In reality, there are many statistical measures that can use Metalero Mining historical prices to predict the future Metalero Mining's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.3008 |
Metalero Mining Corp Backtested Returns
Metalero Mining Corp has Sharpe Ratio of -0.0206, which conveys that the firm had a -0.0206% return per unit of risk over the last 3 months. Metalero Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metalero Mining's Mean Deviation of 0.9649, standard deviation of 3.0, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Metalero Mining are expected to decrease at a much lower rate. During the bear market, Metalero Mining is likely to outperform the market. At this point, Metalero Mining Corp has a negative expected return of -0.0633%. Please make sure to verify Metalero Mining's total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Metalero Mining Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Metalero Mining Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Metalero Mining time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Metalero Mining Corp price movement. The serial correlation of -0.75 indicates that around 75.0% of current Metalero Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metalero Mining Corp lagged returns against current returns
Autocorrelation, which is Metalero 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 Metalero Mining's stock expected returns. We can calculate the autocorrelation of Metalero Mining returns to help us make a trade decision. For example, suppose you find that Metalero 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 |
Metalero 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 Metalero Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metalero Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metalero Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Metalero Mining Lagged Returns
When evaluating Metalero Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metalero Mining stock have on its future price. Metalero 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, Metalero Mining autocorrelation shows the relationship between Metalero Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Metalero Mining Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Metalero Stock Analysis
When running Metalero Mining's price analysis, check to measure Metalero 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 Metalero Mining is operating at the current time. Most of Metalero Mining's value examination focuses on studying past and present price action to predict the probability of Metalero 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 Metalero Mining's price. Additionally, you may evaluate how the addition of Metalero Mining to your portfolios can decrease your overall portfolio volatility.