Minbos Resources (Australia) Market Value
| MNB Stock | 0.06 0 1.69% |
| Symbol | Minbos |
Minbos Resources '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 Minbos Resources' 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 Minbos Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Minbos Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Minbos Resources or generate 0.0% return on investment in Minbos Resources over 30 days. Minbos Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Minbos Resources is entity of Australia. It is traded as Stock on AU exchange. More
Minbos Resources 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 Minbos Resources' 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 Minbos Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 25.31 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 7.5 |
Minbos Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minbos Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minbos Resources' standard deviation. In reality, there are many statistical measures that can use Minbos Resources historical prices to predict the future Minbos Resources' volatility.| Risk Adjusted Performance | 0.0056 | |||
| Jensen Alpha | 0.0706 | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | 0.04 |
Minbos Resources Backtested Returns
Minbos Resources has Sharpe Ratio of -0.004, which conveys that the firm had a -0.004% return per unit of risk over the last 3 months. Minbos Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minbos Resources' Mean Deviation of 3.88, standard deviation of 5.55, and Risk Adjusted Performance of 0.0056 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Minbos Resources are expected to decrease at a much lower rate. During the bear market, Minbos Resources is likely to outperform the market. At this point, Minbos Resources has a negative expected return of -0.0226%. Please make sure to verify Minbos Resources' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Minbos Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Minbos Resources has good reverse predictability. Overlapping area represents the amount of predictability between Minbos Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Minbos Resources price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Minbos Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Minbos Resources lagged returns against current returns
Autocorrelation, which is Minbos Resources 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 Minbos Resources' stock expected returns. We can calculate the autocorrelation of Minbos Resources returns to help us make a trade decision. For example, suppose you find that Minbos Resources 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 |
Minbos Resources 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 Minbos Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minbos Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minbos Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Minbos Resources Lagged Returns
When evaluating Minbos Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minbos Resources stock have on its future price. Minbos Resources 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, Minbos Resources autocorrelation shows the relationship between Minbos Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Minbos Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Minbos Stock Analysis
When running Minbos Resources' price analysis, check to measure Minbos Resources' 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 Minbos Resources is operating at the current time. Most of Minbos Resources' value examination focuses on studying past and present price action to predict the probability of Minbos Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minbos Resources' price. Additionally, you may evaluate how the addition of Minbos Resources to your portfolios can decrease your overall portfolio volatility.