Mandalay Resources Corp Stock Market Value
| MND Stock | CAD 3.61 0.05 1.37% |
| Symbol | Mandalay |
Mandalay Resources Corp Price To Book Ratio
Mandalay 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 Mandalay 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 Mandalay Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mandalay Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mandalay Resources Corp or generate 0.0% return on investment in Mandalay Resources over 30 days. Mandalay Resources is related to or competes with North Arrow, International Tower, and Morien Resources. Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, process... More
Mandalay 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 Mandalay 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 Mandalay Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.1105 | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 4.56 |
Mandalay Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mandalay Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mandalay Resources' standard deviation. In reality, there are many statistical measures that can use Mandalay Resources historical prices to predict the future Mandalay Resources' volatility.| Risk Adjusted Performance | 0.135 | |||
| Jensen Alpha | 0.4 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.106 | |||
| Treynor Ratio | (7.55) |
Mandalay Resources Corp Backtested Returns
Mandalay Resources appears to be moderately volatile, given 3 months investment horizon. Mandalay Resources Corp 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. We have found thirty technical indicators for Mandalay Resources, which you can use to evaluate the volatility of the firm. Please exercise Mandalay Resources' Downside Deviation of 2.51, mean deviation of 1.82, and Risk Adjusted Performance of 0.135 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mandalay Resources holds a performance score of 12. The company secures a Beta (Market Risk) of -0.0521, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mandalay Resources are expected to decrease at a much lower rate. During the bear market, Mandalay Resources is likely to outperform the market. Please check Mandalay Resources' sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Mandalay Resources' current price movements will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Mandalay Resources Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Mandalay 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 Mandalay Resources Corp price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Mandalay Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mandalay Resources Corp lagged returns against current returns
Autocorrelation, which is Mandalay 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 Mandalay Resources' stock expected returns. We can calculate the autocorrelation of Mandalay Resources returns to help us make a trade decision. For example, suppose you find that Mandalay 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 |
Mandalay 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 Mandalay Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mandalay Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mandalay Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Mandalay Resources Lagged Returns
When evaluating Mandalay Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mandalay Resources stock have on its future price. Mandalay 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, Mandalay Resources autocorrelation shows the relationship between Mandalay Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Mandalay Resources Corp.
Regressed Prices |
| Timeline |
Pair Trading with Mandalay Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mandalay Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mandalay Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Mandalay Stock
The ability to find closely correlated positions to Mandalay Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mandalay Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mandalay Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mandalay Resources Corp to buy it.
The correlation of Mandalay Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mandalay Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mandalay Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mandalay Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Mandalay Stock
Mandalay Resources financial ratios help investors to determine whether Mandalay Stock 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 Mandalay with respect to the benefits of owning Mandalay Resources security.