MMX Minerao (Brazil) Market Value
| MMXM11 Etf | BRL 2.10 0.00 0.00% |
| Symbol | MMX |
MMX Minerao '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 MMX Minerao's etf 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 MMX Minerao.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in MMX Minerao on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding MMX Minerao e or generate 0.0% return on investment in MMX Minerao over 360 days. MMX Minerao e Metlicos S.A., together with its subsidiaries, engages in the extraction, processing, research, and develo... More
MMX Minerao 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 MMX Minerao's etf 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 MMX Minerao e upside and downside potential and time the market with a certain degree of confidence.
MMX Minerao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MMX Minerao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MMX Minerao's standard deviation. In reality, there are many statistical measures that can use MMX Minerao historical prices to predict the future MMX Minerao's volatility.MMX Minerao e Backtested Returns
We have found three technical indicators for MMX Minerao, which you can use to evaluate the volatility of the etf. The etf secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and MMX Minerao are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
MMX Minerao e has perfect predictability. Overlapping area represents the amount of predictability between MMX Minerao time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 MMX Minerao e price movement. The serial correlation of 1.0 indicates that 100.0% of current MMX Minerao price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MMX Minerao e lagged returns against current returns
Autocorrelation, which is MMX Minerao etf'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 MMX Minerao's etf expected returns. We can calculate the autocorrelation of MMX Minerao returns to help us make a trade decision. For example, suppose you find that MMX Minerao has exhibited high autocorrelation historically, and you observe that the etf 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 |
MMX Minerao 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 MMX Minerao etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MMX Minerao etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MMX Minerao etf over time.
Current vs Lagged Prices |
| Timeline |
MMX Minerao Lagged Returns
When evaluating MMX Minerao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MMX Minerao etf have on its future price. MMX Minerao 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, MMX Minerao autocorrelation shows the relationship between MMX Minerao etf current value and its past values and can show if there is a momentum factor associated with investing in MMX Minerao e.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in MMX Etf
MMX Minerao financial ratios help investors to determine whether MMX Etf 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 MMX with respect to the benefits of owning MMX Minerao security.