Metals X Limited Stock Market Value
| MLXEF Stock | USD 0.25 0.02 7.41% |
| Symbol | Metals |
Metals X '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 Metals X's pink sheet 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 Metals X.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Metals X on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Metals X Limited or generate 0.0% return on investment in Metals X over 90 days. Metals X is related to or competes with Eramet SA, NGEx Minerals, Adriatic Metals, Alphamin Resources, Minsud Resources, Aldebaran Resources, and Filo Mining. Metals X Limited engages in the production of tin in Australia More
Metals X 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 Metals X's pink sheet 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 Metals X Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.81 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 34.71 | |||
| Value At Risk | (10.71) | |||
| Potential Upside | 12.5 |
Metals X Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metals X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metals X's standard deviation. In reality, there are many statistical measures that can use Metals X historical prices to predict the future Metals X's volatility.| Risk Adjusted Performance | 0.0151 | |||
| Jensen Alpha | 0.0074 | |||
| Total Risk Alpha | (0.88) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1486 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Metals X's 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.
Metals X Limited Backtested Returns
At this point, Metals X is out of control. Metals X Limited has Sharpe Ratio of 0.0086, which conveys that the firm had a 0.0086% return per unit of risk over the last 3 months. We have found thirty technical indicators for Metals X, which you can use to evaluate the volatility of the firm. Please verify Metals X's Risk Adjusted Performance of 0.0151, downside deviation of 8.81, and Mean Deviation of 3.34 to check out if the risk estimate we provide is consistent with the expected return of 0.0514%. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Metals X's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metals X is expected to be smaller as well. Metals X Limited right now secures a risk of 5.97%. Please verify Metals X Limited value at risk and the relationship between the expected short fall and market facilitation index , to decide if Metals X Limited will be following its current price movements.
Auto-correlation | -0.4 |
Poor reverse predictability
Metals X Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Metals X time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Metals X Limited price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Metals X price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metals X Limited lagged returns against current returns
Autocorrelation, which is Metals X pink sheet'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 Metals X's pink sheet expected returns. We can calculate the autocorrelation of Metals X returns to help us make a trade decision. For example, suppose you find that Metals X has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Metals X 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 Metals X pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metals X pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metals X pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Metals X Lagged Returns
When evaluating Metals X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metals X pink sheet have on its future price. Metals X 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, Metals X autocorrelation shows the relationship between Metals X pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Metals X Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Metals Pink Sheet
Metals X financial ratios help investors to determine whether Metals Pink Sheet 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 Metals with respect to the benefits of owning Metals X security.