Monumental Minerals' market value is the price at which a share of Monumental Minerals trades on a public exchange. It measures the collective expectations of Monumental Minerals Corp investors about its performance. Monumental Minerals is trading at 0.11 as of the 1st of February 2025. This is a 10.00% increase since the beginning of the trading day. The stock's lowest day price was 0.1. With this module, you can estimate the performance of a buy and hold strategy of Monumental Minerals Corp and determine expected loss or profit from investing in Monumental Minerals over a given investment horizon. Check out Monumental Minerals Correlation, Monumental Minerals Volatility and Monumental Minerals Alpha and Beta module to complement your research on Monumental Minerals.
Please note, there is a significant difference between Monumental Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Monumental Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Monumental Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Monumental Minerals '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 Monumental Minerals' otc 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 Monumental Minerals.
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01/02/2025
No Change 0.00
0.0
In 31 days
02/01/2025
0.00
If you would invest 0.00 in Monumental Minerals on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Monumental Minerals Corp or generate 0.0% return on investment in Monumental Minerals over 30 days. Monumental Minerals is related to or competes with Mirasol Resources. Monumental Minerals Corp., an exploration stage company, engages in the acquisition and exploration of mineral propertie... More
Monumental Minerals 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 Monumental Minerals' otc 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 Monumental Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monumental Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monumental Minerals' standard deviation. In reality, there are many statistical measures that can use Monumental Minerals historical prices to predict the future Monumental Minerals' volatility.
Monumental Minerals is out of control given 3 months investment horizon. Monumental Minerals Corp has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19 % return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 4.13% are justified by taking the suggested risk. Use Monumental Minerals Corp Downside Deviation of 22.64, mean deviation of 14.69, and Risk Adjusted Performance of 0.1718 to evaluate company specific risk that cannot be diversified away. Monumental Minerals holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 4.51, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Monumental Minerals will likely underperform. Use Monumental Minerals Corp treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to analyze future returns on Monumental Minerals Corp.
Auto-correlation
0.23
Weak predictability
Monumental Minerals Corp has weak predictability. Overlapping area represents the amount of predictability between Monumental Minerals time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Monumental Minerals Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Monumental Minerals price fluctuation can be explain by its past prices.
Correlation Coefficient
0.23
Spearman Rank Test
0.65
Residual Average
0.0
Price Variance
0.0
Monumental Minerals Corp lagged returns against current returns
Autocorrelation, which is Monumental Minerals otc 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 Monumental Minerals' otc stock expected returns. We can calculate the autocorrelation of Monumental Minerals returns to help us make a trade decision. For example, suppose you find that Monumental Minerals has exhibited high autocorrelation historically, and you observe that the otc 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
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Monumental Minerals 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 Monumental Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monumental Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monumental Minerals otc stock over time.
Current vs Lagged Prices
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Monumental Minerals Lagged Returns
When evaluating Monumental Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monumental Minerals otc stock have on its future price. Monumental Minerals 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, Monumental Minerals autocorrelation shows the relationship between Monumental Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Monumental Minerals Corp.
Other Information on Investing in Monumental OTC Stock
Monumental Minerals financial ratios help investors to determine whether Monumental OTC 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 Monumental with respect to the benefits of owning Monumental Minerals security.