Mantengu Mining (South Africa) Market Value
| MTU Stock | 67.00 2.00 3.08% |
| Symbol | Mantengu |
Mantengu Mining '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 Mantengu Mining'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 Mantengu Mining.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Mantengu Mining on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Mantengu Mining or generate 0.0% return on investment in Mantengu Mining over 30 days. Mantengu Mining is related to or competes with Frontier Transport, Kap Industrial, MC Mining, Allied Electronics, Safari Investments, and African Media. More
Mantengu Mining 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 Mantengu Mining'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 Mantengu Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.6 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.46 |
Mantengu Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mantengu Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mantengu Mining's standard deviation. In reality, there are many statistical measures that can use Mantengu Mining historical prices to predict the future Mantengu Mining's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.66) |
Mantengu Mining Backtested Returns
Mantengu Mining has Sharpe Ratio of -0.0266, which conveys that the firm had a -0.0266 % return per unit of risk over the last 3 months. Mantengu Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mantengu Mining's Mean Deviation of 2.98, risk adjusted performance of (0.07), and Standard Deviation of 4.03 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mantengu Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mantengu Mining is expected to be smaller as well. At this point, Mantengu Mining has a negative expected return of -0.11%. Please make sure to verify Mantengu Mining's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Mantengu Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Mantengu Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between Mantengu Mining time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mantengu Mining price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Mantengu Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 2.56 |
Mantengu Mining lagged returns against current returns
Autocorrelation, which is Mantengu Mining 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 Mantengu Mining's stock expected returns. We can calculate the autocorrelation of Mantengu Mining returns to help us make a trade decision. For example, suppose you find that Mantengu Mining 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 |
Mantengu Mining 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 Mantengu Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mantengu Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mantengu Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Mantengu Mining Lagged Returns
When evaluating Mantengu Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mantengu Mining stock have on its future price. Mantengu Mining 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, Mantengu Mining autocorrelation shows the relationship between Mantengu Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Mantengu Mining.
Regressed Prices |
| Timeline |
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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 Mantengu Stock
Mantengu Mining financial ratios help investors to determine whether Mantengu 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 Mantengu with respect to the benefits of owning Mantengu Mining security.