Metallis Resources Stock Market Value
| MTLFF Stock | USD 0.19 0.02 11.76% |
| Symbol | Metallis |
Metallis 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 Metallis Resources' otc 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 Metallis Resources.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Metallis Resources on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Metallis Resources or generate 0.0% return on investment in Metallis Resources over 30 days. Metallis Resources is related to or competes with Guanajuato Silver, Silver One, IMPACT Silver, Bald Eagle, and Discovery Metals. Metallis Resources Inc. engages in the exploration and development of mineral properties in Canada More
Metallis 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 Metallis Resources' otc 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 Metallis Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.14 | |||
| Information Ratio | 0.1264 | |||
| Maximum Drawdown | 32.47 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 14.58 |
Metallis Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metallis Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metallis Resources' standard deviation. In reality, there are many statistical measures that can use Metallis Resources historical prices to predict the future Metallis Resources' volatility.| Risk Adjusted Performance | 0.1188 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0943 | |||
| Treynor Ratio | (0.80) |
Metallis Resources Backtested Returns
Metallis Resources appears to be out of control, given 3 months investment horizon. Metallis Resources has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Metallis Resources' technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please exercise Metallis Resources' Downside Deviation of 10.14, risk adjusted performance of 0.1188, and Mean Deviation of 5.7 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Metallis Resources holds a performance score of 9. The company secures a Beta (Market Risk) of -1.35, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Metallis Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Metallis Resources is expected to outperform it. Please check Metallis Resources' value at risk and the relationship between the expected short fall and price action indicator , to make a quick decision on whether Metallis Resources' current price movements will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Metallis Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Metallis Resources time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Metallis Resources price movement. The serial correlation of -0.76 indicates that around 76.0% of current Metallis Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metallis Resources lagged returns against current returns
Autocorrelation, which is Metallis Resources otc 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 Metallis Resources' otc stock expected returns. We can calculate the autocorrelation of Metallis Resources returns to help us make a trade decision. For example, suppose you find that Metallis Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
Metallis 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 Metallis Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metallis Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metallis Resources otc stock over time.
Current vs Lagged Prices |
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Metallis Resources Lagged Returns
When evaluating Metallis Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metallis Resources otc stock have on its future price. Metallis 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, Metallis Resources autocorrelation shows the relationship between Metallis Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Metallis Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Metallis OTC Stock
Metallis Resources financial ratios help investors to determine whether Metallis OTC 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 Metallis with respect to the benefits of owning Metallis Resources security.