Mineros Sa Stock Market Value
| MSA Stock | 1.42 0.05 3.40% |
| Symbol | Mineros |
Mineros SA Price To Book Ratio
Mineros SA '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 Mineros SA'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 Mineros SA.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mineros SA on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mineros SA or generate 0.0% return on investment in Mineros SA over 90 days. Mineros SA is related to or competes with Sailfish Royalty, Perseus Mining, and Automotive Finco. Mineros SA is entity of Canada. It is traded as Stock on TO exchange. More
Mineros SA 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 Mineros SA'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 Mineros SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.1082 | |||
| Maximum Drawdown | 15.64 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 5.43 |
Mineros SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mineros SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mineros SA's standard deviation. In reality, there are many statistical measures that can use Mineros SA historical prices to predict the future Mineros SA's volatility.| Risk Adjusted Performance | 0.1228 | |||
| Jensen Alpha | 0.3952 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1086 | |||
| Treynor Ratio | 0.9642 |
Mineros SA Backtested Returns
Mineros SA appears to be dangerous, given 3 months investment horizon. Mineros SA has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mineros SA, which you can use to evaluate the volatility of the firm. Please exercise Mineros SA's Risk Adjusted Performance of 0.1228, mean deviation of 2.36, and Downside Deviation of 3.05 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mineros SA holds a performance score of 12. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mineros SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mineros SA is expected to be smaller as well. Please check Mineros SA's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Mineros SA's current price movements will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Mineros SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mineros SA time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Mineros SA price movement. The serial correlation of -0.18 indicates that over 18.0% of current Mineros SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mineros SA lagged returns against current returns
Autocorrelation, which is Mineros SA 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 Mineros SA's stock expected returns. We can calculate the autocorrelation of Mineros SA returns to help us make a trade decision. For example, suppose you find that Mineros SA 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 |
Mineros SA 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 Mineros SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mineros SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mineros SA stock over time.
Current vs Lagged Prices |
| Timeline |
Mineros SA Lagged Returns
When evaluating Mineros SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mineros SA stock have on its future price. Mineros SA 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, Mineros SA autocorrelation shows the relationship between Mineros SA stock current value and its past values and can show if there is a momentum factor associated with investing in Mineros SA.
Regressed Prices |
| Timeline |
Pair Trading with Mineros SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mineros SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mineros SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Mineros Stock
| 0.84 | AG | First Majestic Silver | PairCorr |
| 0.88 | IE | Ivanhoe Energy | PairCorr |
| 0.87 | FDY | Faraday Copper Corp | PairCorr |
Moving against Mineros Stock
The ability to find closely correlated positions to Mineros SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mineros SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mineros SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mineros SA to buy it.
The correlation of Mineros SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mineros SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mineros SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mineros SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Mineros Stock
Mineros SA financial ratios help investors to determine whether Mineros Stock 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 Mineros with respect to the benefits of owning Mineros SA security.