Myriad Uranium Corp Stock Market Value
| MYRUF Stock | 0.33 0.01 2.94% |
| Symbol | Myriad |
Myriad Uranium '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 Myriad Uranium's 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 Myriad Uranium.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Myriad Uranium on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Myriad Uranium Corp or generate 0.0% return on investment in Myriad Uranium over 720 days.
Myriad Uranium 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 Myriad Uranium's 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 Myriad Uranium Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.97 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 34.68 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Myriad Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Myriad Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Myriad Uranium's standard deviation. In reality, there are many statistical measures that can use Myriad Uranium historical prices to predict the future Myriad Uranium's volatility.| Risk Adjusted Performance | 0.0962 | |||
| Jensen Alpha | 0.5985 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0938 | |||
| Treynor Ratio | 0.5303 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Myriad Uranium's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Myriad Uranium Corp Backtested Returns
Myriad Uranium Corp has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Myriad Uranium's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please exercise Myriad Uranium's Mean Deviation of 5.49, downside deviation of 6.97, and Risk Adjusted Performance of 0.0962 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Myriad Uranium holds a performance score of 8. The company secures a Beta (Market Risk) of 1.46, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Myriad Uranium will likely underperform. Please check Myriad Uranium's value at risk and the relationship between the skewness and relative strength index , to make a quick decision on whether Myriad Uranium's current price movements will revert.
Auto-correlation | 0.22 |
Weak predictability
Myriad Uranium Corp has weak predictability. Overlapping area represents the amount of predictability between Myriad Uranium time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Myriad Uranium Corp price movement. The serial correlation of 0.22 indicates that over 22.0% of current Myriad Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Myriad Uranium Corp lagged returns against current returns
Autocorrelation, which is Myriad Uranium 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 Myriad Uranium's otc stock expected returns. We can calculate the autocorrelation of Myriad Uranium returns to help us make a trade decision. For example, suppose you find that Myriad Uranium 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 |
Myriad Uranium 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 Myriad Uranium otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Myriad Uranium otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Myriad Uranium otc stock over time.
Current vs Lagged Prices |
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Myriad Uranium Lagged Returns
When evaluating Myriad Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Myriad Uranium otc stock have on its future price. Myriad Uranium 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, Myriad Uranium autocorrelation shows the relationship between Myriad Uranium otc stock current value and its past values and can show if there is a momentum factor associated with investing in Myriad Uranium Corp.
Regressed Prices |
| Timeline |