Morien Resources Corp Stock Market Value
| MOX Stock | CAD 0.27 0.01 3.85% |
| Symbol | Morien |
Morien Resources Corp Price To Book Ratio
Morien 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 Morien 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 Morien Resources.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Morien Resources on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Morien Resources Corp or generate 0.0% return on investment in Morien Resources over 30 days. Morien Resources is related to or competes with North Arrow. Morien Resources Corp., a mining development company, engages in the identification and purchase of mineral properties i... More
Morien 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 Morien 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 Morien Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.44 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 36.37 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 10.71 |
Morien Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morien Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morien Resources' standard deviation. In reality, there are many statistical measures that can use Morien Resources historical prices to predict the future Morien Resources' volatility.| Risk Adjusted Performance | 0.0178 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | (0.91) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2344 |
Morien Resources Corp Backtested Returns
At this stage we consider Morien Stock to be out of control. Morien Resources Corp has Sharpe Ratio of 0.0111, which conveys that the firm had a 0.0111% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Morien Resources, which you can use to evaluate the volatility of the firm. Please verify Morien Resources' Downside Deviation of 9.44, mean deviation of 3.24, and Risk Adjusted Performance of 0.0178 to check out if the risk estimate we provide is consistent with the expected return of 0.069%. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Morien Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Morien Resources is expected to be smaller as well. Morien Resources Corp right now secures a risk of 6.2%. Please verify Morien Resources Corp value at risk, as well as the relationship between the skewness and day typical price , to decide if Morien Resources Corp will be following its current price movements.
Auto-correlation | -0.32 |
Poor reverse predictability
Morien Resources Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Morien Resources time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Morien Resources Corp price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Morien Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Morien Resources Corp lagged returns against current returns
Autocorrelation, which is Morien 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 Morien Resources' stock expected returns. We can calculate the autocorrelation of Morien Resources returns to help us make a trade decision. For example, suppose you find that Morien 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 |
Morien 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 Morien Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morien Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morien Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Morien Resources Lagged Returns
When evaluating Morien Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morien Resources stock have on its future price. Morien 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, Morien Resources autocorrelation shows the relationship between Morien Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Morien Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Morien Stock Analysis
When running Morien Resources' price analysis, check to measure Morien 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 Morien Resources is operating at the current time. Most of Morien Resources' value examination focuses on studying past and present price action to predict the probability of Morien Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Morien Resources' price. Additionally, you may evaluate how the addition of Morien Resources to your portfolios can decrease your overall portfolio volatility.