MRG Metals (Australia) Market Value
| MRQ Stock | 0 0.00 0.00% |
| Symbol | MRG |
MRG Metals '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 MRG Metals' 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 MRG Metals.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in MRG Metals on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding MRG Metals or generate 0.0% return on investment in MRG Metals over 30 days. MRG Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, and Aneka Tambang. MRG Metals is entity of Australia. It is traded as Stock on AU exchange. More
MRG Metals 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 MRG Metals' 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 MRG Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.5 | |||
| Information Ratio | 0.014 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 16.67 |
MRG Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MRG Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MRG Metals' standard deviation. In reality, there are many statistical measures that can use MRG Metals historical prices to predict the future MRG Metals' volatility.| Risk Adjusted Performance | 0.0287 | |||
| Jensen Alpha | 0.5883 | |||
| Total Risk Alpha | (1.75) | |||
| Sortino Ratio | 0.0093 | |||
| Treynor Ratio | (0.13) |
MRG Metals Backtested Returns
MRG Metals appears to be out of control, given 3 months investment horizon. MRG Metals has Sharpe Ratio of 0.0413, which conveys that the firm had a 0.0413% return per unit of risk over the last 3 months. By inspecting MRG Metals' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise MRG Metals' risk adjusted performance of 0.0287, and Mean Deviation of 7.7 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MRG Metals holds a performance score of 3. The company secures a Beta (Market Risk) of -2.26, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MRG Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, MRG Metals is expected to outperform it. Please check MRG Metals' information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to make a quick decision on whether MRG Metals' current price movements will revert.
Auto-correlation | 0.04 |
Virtually no predictability
MRG Metals has virtually no predictability. Overlapping area represents the amount of predictability between MRG Metals time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 MRG Metals price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current MRG Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MRG Metals lagged returns against current returns
Autocorrelation, which is MRG Metals 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 MRG Metals' stock expected returns. We can calculate the autocorrelation of MRG Metals returns to help us make a trade decision. For example, suppose you find that MRG Metals 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 |
MRG Metals 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 MRG Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MRG Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MRG Metals stock over time.
Current vs Lagged Prices |
| Timeline |
MRG Metals Lagged Returns
When evaluating MRG Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MRG Metals stock have on its future price. MRG Metals 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, MRG Metals autocorrelation shows the relationship between MRG Metals stock current value and its past values and can show if there is a momentum factor associated with investing in MRG Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for MRG Stock Analysis
When running MRG Metals' price analysis, check to measure MRG Metals' 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 MRG Metals is operating at the current time. Most of MRG Metals' value examination focuses on studying past and present price action to predict the probability of MRG Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MRG Metals' price. Additionally, you may evaluate how the addition of MRG Metals to your portfolios can decrease your overall portfolio volatility.