Mmg Limited Stock Market Value
| MMLTF Stock | USD 0.28 0.00 0.00% |
| Symbol | MMG |
MMG '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 MMG'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 MMG.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in MMG on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding MMG Limited or generate 0.0% return on investment in MMG over 30 days. MMG is related to or competes with Copper Fox, First Quantum, Southern Copper, and Amerigo Resources. MMG Limited, an investment holding company, engages in the exploration, development, and mining of copper, zinc, gold, s... More
MMG 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 MMG'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 MMG Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0346 | |||
| Maximum Drawdown | 12.0 |
MMG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MMG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MMG's standard deviation. In reality, there are many statistical measures that can use MMG historical prices to predict the future MMG's volatility.| Risk Adjusted Performance | 0.0992 | |||
| Jensen Alpha | 0.1559 | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 1.3 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MMG'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.
MMG Limited Backtested Returns
At this point, MMG is abnormally volatile. MMG Limited has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for MMG, which you can use to evaluate the volatility of the firm. Please verify MMG's mean deviation of 0.3581, and Risk Adjusted Performance of 0.0992 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. MMG has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MMG's returns are expected to increase less than the market. However, during the bear market, the loss of holding MMG is expected to be smaller as well. MMG Limited currently secures a risk of 1.5%. Please verify MMG Limited coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and day typical price , to decide if MMG Limited will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
MMG Limited has no correlation between past and present. Overlapping area represents the amount of predictability between MMG 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 MMG Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current MMG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MMG Limited lagged returns against current returns
Autocorrelation, which is MMG 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 MMG's pink sheet expected returns. We can calculate the autocorrelation of MMG returns to help us make a trade decision. For example, suppose you find that MMG 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 |
MMG 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 MMG pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MMG pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MMG pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MMG Lagged Returns
When evaluating MMG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MMG pink sheet have on its future price. MMG 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, MMG autocorrelation shows the relationship between MMG pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MMG Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MMG Pink Sheet
MMG financial ratios help investors to determine whether MMG 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 MMG with respect to the benefits of owning MMG security.