Metro Mining (Australia) Market Value
| MMI Stock | 0.06 0 5.56% |
| Symbol | Metro |
Metro 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 Metro 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 Metro Mining.
| 04/03/2023 |
| 11/23/2024 |
If you would invest 0.00 in Metro Mining on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding Metro Mining or generate 0.0% return on investment in Metro Mining over 600 days. Metro Mining is related to or competes with Insignia Financial, Kkr Credit, Ainsworth Game, Auswide Bank, and EP Financial. Metro Mining is entity of Australia. It is traded as Stock on AU exchange. More
Metro 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 Metro 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 Metro Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.1087 | |||
| Maximum Drawdown | 19.47 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 7.5 |
Metro Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metro Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metro Mining's standard deviation. In reality, there are many statistical measures that can use Metro Mining historical prices to predict the future Metro Mining's volatility.| Risk Adjusted Performance | 0.1127 | |||
| Jensen Alpha | 0.4522 | |||
| Total Risk Alpha | 0.0163 | |||
| Sortino Ratio | 0.1187 | |||
| Treynor Ratio | 0.8001 |
Metro Mining Backtested Returns
Metro Mining appears to be out of control, given 3 months investment horizon. Metro Mining has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Metro Mining's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Metro Mining's Mean Deviation of 2.91, risk adjusted performance of 0.1127, and Downside Deviation of 3.51 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Metro Mining holds a performance score of 12. The company secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Metro Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metro Mining is expected to be smaller as well. Please check Metro Mining's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Metro Mining's current price movements will revert.
Auto-correlation | 0.73 |
Good predictability
Metro Mining has good predictability. Overlapping area represents the amount of predictability between Metro Mining time series from 3rd of April 2023 to 28th of January 2024 and 28th of January 2024 to 23rd 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 Metro Mining price movement. The serial correlation of 0.73 indicates that around 73.0% of current Metro Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metro Mining lagged returns against current returns
Autocorrelation, which is Metro 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 Metro Mining's stock expected returns. We can calculate the autocorrelation of Metro Mining returns to help us make a trade decision. For example, suppose you find that Metro 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 |
Metro 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 Metro Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metro Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metro Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Metro Mining Lagged Returns
When evaluating Metro Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metro Mining stock have on its future price. Metro 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, Metro Mining autocorrelation shows the relationship between Metro Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Metro Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Metro Stock Analysis
When running Metro Mining's price analysis, check to measure Metro 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 Metro Mining is operating at the current time. Most of Metro Mining's value examination focuses on studying past and present price action to predict the probability of Metro 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 Metro Mining's price. Additionally, you may evaluate how the addition of Metro Mining to your portfolios can decrease your overall portfolio volatility.