Mirasol Resources Stock Market Value
| MRZ Stock | CAD 0.39 0.01 2.50% |
| Symbol | Mirasol |
Mirasol Resources Price To Book Ratio
Mirasol 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 Mirasol 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 Mirasol Resources.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Mirasol Resources on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Mirasol Resources or generate 0.0% return on investment in Mirasol Resources over 30 days. Mirasol Resources is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Mirasol Resources Ltd., a mineral exploration company, engages in the acquisition and exploration of mineral properties ... More
Mirasol 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 Mirasol 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 Mirasol Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.7 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.65 |
Mirasol Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirasol Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirasol Resources' standard deviation. In reality, there are many statistical measures that can use Mirasol Resources historical prices to predict the future Mirasol Resources' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 4.22 |
Mirasol Resources Backtested Returns
Mirasol Resources has Sharpe Ratio of -0.0758, which conveys that the firm had a -0.0758% return per unit of risk over the last 3 months. Mirasol Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirasol Resources' Mean Deviation of 2.41, standard deviation of 3.22, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0795, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mirasol Resources are expected to decrease at a much lower rate. During the bear market, Mirasol Resources is likely to outperform the market. At this point, Mirasol Resources has a negative expected return of -0.24%. Please make sure to verify Mirasol Resources' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Mirasol Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Mirasol Resources has excellent predictability. Overlapping area represents the amount of predictability between Mirasol Resources time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Mirasol Resources price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Mirasol Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mirasol Resources lagged returns against current returns
Autocorrelation, which is Mirasol 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 Mirasol Resources' stock expected returns. We can calculate the autocorrelation of Mirasol Resources returns to help us make a trade decision. For example, suppose you find that Mirasol 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 |
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Mirasol 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 Mirasol Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirasol Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirasol Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Mirasol Resources Lagged Returns
When evaluating Mirasol Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirasol Resources stock have on its future price. Mirasol 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, Mirasol Resources autocorrelation shows the relationship between Mirasol Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Mirasol Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mirasol Stock Analysis
When running Mirasol Resources' price analysis, check to measure Mirasol 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 Mirasol Resources is operating at the current time. Most of Mirasol Resources' value examination focuses on studying past and present price action to predict the probability of Mirasol Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirasol Resources' price. Additionally, you may evaluate how the addition of Mirasol Resources to your portfolios can decrease your overall portfolio volatility.