Monument Mining Limited Stock Market Value
| MMY Stock | CAD 0.29 0.01 3.57% |
| Symbol | Monument |
Monument Mining Price To Book Ratio
Monument 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 Monument 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 Monument Mining.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Monument Mining on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Monument Mining Limited or generate 0.0% return on investment in Monument Mining over 180 days. Monument Mining is related to or competes with IShares Canadian, PHN Multi, and Altagas Cum. Monument Mining Limited engages in the acquisition, exploration, development, and operation of precious metals and other... More
Monument 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 Monument 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 Monument Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.82 | |||
| Information Ratio | 0.1694 | |||
| Maximum Drawdown | 28.46 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 9.09 |
Monument Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monument Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monument Mining's standard deviation. In reality, there are many statistical measures that can use Monument Mining historical prices to predict the future Monument Mining's volatility.| Risk Adjusted Performance | 0.154 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | 0.2987 | |||
| Sortino Ratio | 0.1271 | |||
| Treynor Ratio | (1.39) |
Monument Mining Backtested Returns
Monument Mining is out of control given 3 months investment horizon. Monument Mining has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Monument Mining Mean Deviation of 3.42, downside deviation of 6.82, and Risk Adjusted Performance of 0.154 to evaluate company specific risk that cannot be diversified away. Monument Mining holds a performance score of 17 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Monument Mining are expected to decrease at a much lower rate. During the bear market, Monument Mining is likely to outperform the market. Use Monument Mining maximum drawdown and the relationship between the expected short fall and relative strength index , to analyze future returns on Monument Mining.
Auto-correlation | 0.09 |
Virtually no predictability
Monument Mining Limited has virtually no predictability. Overlapping area represents the amount of predictability between Monument Mining time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Monument Mining price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Monument Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Monument Mining lagged returns against current returns
Autocorrelation, which is Monument 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 Monument Mining's stock expected returns. We can calculate the autocorrelation of Monument Mining returns to help us make a trade decision. For example, suppose you find that Monument 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 |
Monument 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 Monument Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monument Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monument Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Monument Mining Lagged Returns
When evaluating Monument Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monument Mining stock have on its future price. Monument 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, Monument Mining autocorrelation shows the relationship between Monument Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Monument Mining Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Monument Stock Analysis
When running Monument Mining's price analysis, check to measure Monument 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 Monument Mining is operating at the current time. Most of Monument Mining's value examination focuses on studying past and present price action to predict the probability of Monument 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 Monument Mining's price. Additionally, you may evaluate how the addition of Monument Mining to your portfolios can decrease your overall portfolio volatility.