Mirage Energy Corp Stock Market Value
| MRGE Stock | USD 0.04 0.04 700.00% |
| Symbol | Mirage |
Mirage Energy '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 Mirage Energy's pink sheet 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 Mirage Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Mirage Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Mirage Energy Corp or generate 0.0% return on investment in Mirage Energy over 30 days. Mirage Energy is related to or competes with Martin Midstream, Kinetik Holdings, NGL Energy, Genesis Energy, Imperial Petroleum, CBL International, and Marine Petroleum. Mirage Energy Corporation, through its subsidiaries, focuses on developing an integrated pipeline and natural gas storag... More
Mirage Energy 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 Mirage Energy's pink sheet 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 Mirage Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 46.15 | |||
| Information Ratio | 0.1852 | |||
| Maximum Drawdown | 990.0 | |||
| Value At Risk | (45.45) | |||
| Potential Upside | 83.33 |
Mirage Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirage Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirage Energy's standard deviation. In reality, there are many statistical measures that can use Mirage Energy historical prices to predict the future Mirage Energy's volatility.| Risk Adjusted Performance | 0.1525 | |||
| Jensen Alpha | 25.11 | |||
| Total Risk Alpha | 5.04 | |||
| Sortino Ratio | 0.5706 | |||
| Treynor Ratio | 2.28 |
Mirage Energy Corp Backtested Returns
Mirage Energy is out of control given 3 months investment horizon. Mirage Energy 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 analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 27.84% are justified by taking the suggested risk. Use Mirage Energy Corp Risk Adjusted Performance of 0.1525, mean deviation of 53.69, and Downside Deviation of 46.15 to evaluate company specific risk that cannot be diversified away. Mirage Energy holds a performance score of 15 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 11.6, 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, Mirage Energy will likely underperform. Use Mirage Energy Corp maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on Mirage Energy Corp.
Auto-correlation | 0.29 |
Poor predictability
Mirage Energy Corp has poor predictability. Overlapping area represents the amount of predictability between Mirage Energy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Mirage Energy Corp price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Mirage Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mirage Energy Corp lagged returns against current returns
Autocorrelation, which is Mirage Energy pink sheet'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 Mirage Energy's pink sheet expected returns. We can calculate the autocorrelation of Mirage Energy returns to help us make a trade decision. For example, suppose you find that Mirage Energy has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Mirage Energy 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 Mirage Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirage Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirage Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mirage Energy Lagged Returns
When evaluating Mirage Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirage Energy pink sheet have on its future price. Mirage Energy 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, Mirage Energy autocorrelation shows the relationship between Mirage Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mirage Energy Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Mirage Pink Sheet
Mirage Energy financial ratios help investors to determine whether Mirage Pink Sheet 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 Mirage with respect to the benefits of owning Mirage Energy security.