Metalnrg PLC (UK) Market Value
| MNRG Stock | 29.00 5.00 14.71% |
| Symbol | Metalnrg |
Metalnrg PLC '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 Metalnrg PLC'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 Metalnrg PLC.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Metalnrg PLC on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Metalnrg PLC or generate 0.0% return on investment in Metalnrg PLC over 30 days. Metalnrg PLC is related to or competes with Givaudan, Antofagasta PLC, Ferrexpo PLC, Atalaya Mining, Amaroq Minerals, Central Asia, and Anglo Asian. Metalnrg PLC is entity of United Kingdom More
Metalnrg PLC 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 Metalnrg PLC'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 Metalnrg PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 48.71 | |||
| Value At Risk | (10.48) | |||
| Potential Upside | 10.53 |
Metalnrg PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metalnrg PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metalnrg PLC's standard deviation. In reality, there are many statistical measures that can use Metalnrg PLC historical prices to predict the future Metalnrg PLC's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 0.6688 |
Metalnrg PLC Backtested Returns
Metalnrg PLC has Sharpe Ratio of -0.0727, which conveys that the firm had a -0.0727% return per unit of risk over the last 3 months. Metalnrg PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metalnrg PLC's Risk Adjusted Performance of (0.05), standard deviation of 7.42, and Mean Deviation of 5.16 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Metalnrg PLC are expected to decrease at a much lower rate. During the bear market, Metalnrg PLC is likely to outperform the market. At this point, Metalnrg PLC has a negative expected return of -0.54%. Please make sure to verify Metalnrg PLC's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Metalnrg PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Metalnrg PLC has good predictability. Overlapping area represents the amount of predictability between Metalnrg PLC time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 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 Metalnrg PLC price movement. The serial correlation of 0.66 indicates that around 66.0% of current Metalnrg PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 16.9 |
Metalnrg PLC lagged returns against current returns
Autocorrelation, which is Metalnrg PLC 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 Metalnrg PLC's stock expected returns. We can calculate the autocorrelation of Metalnrg PLC returns to help us make a trade decision. For example, suppose you find that Metalnrg PLC 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 |
Metalnrg PLC 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 Metalnrg PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metalnrg PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metalnrg PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Metalnrg PLC Lagged Returns
When evaluating Metalnrg PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metalnrg PLC stock have on its future price. Metalnrg PLC 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, Metalnrg PLC autocorrelation shows the relationship between Metalnrg PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Metalnrg PLC.
Regressed Prices |
| Timeline |
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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.Additional Tools for Metalnrg Stock Analysis
When running Metalnrg PLC's price analysis, check to measure Metalnrg PLC'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 Metalnrg PLC is operating at the current time. Most of Metalnrg PLC's value examination focuses on studying past and present price action to predict the probability of Metalnrg PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalnrg PLC's price. Additionally, you may evaluate how the addition of Metalnrg PLC to your portfolios can decrease your overall portfolio volatility.