Mineralrite Corporat Stock Market Value
| RITE Stock | USD 0.0006 0.0001 14.29% |
| Symbol | Mineralrite |
Mineralrite Corporat '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 Mineralrite Corporat's pink sheet 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 Mineralrite Corporat.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Mineralrite Corporat on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Mineralrite Corporat or generate 0.0% return on investment in Mineralrite Corporat over 720 days. Mineralrite Corporat is related to or competes with Star Royalties, and Defiance Silver. MineralRite Corporation engages in the acquisition, exploration, and development of mining opportunities in Utah More
Mineralrite Corporat 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 Mineralrite Corporat's pink sheet 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 Mineralrite Corporat upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.76 | |||
| Information Ratio | 0.1031 | |||
| Maximum Drawdown | 120.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Mineralrite Corporat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mineralrite Corporat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mineralrite Corporat's standard deviation. In reality, there are many statistical measures that can use Mineralrite Corporat historical prices to predict the future Mineralrite Corporat's volatility.| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 1.64 | |||
| Total Risk Alpha | (0.91) | |||
| Sortino Ratio | 0.0986 | |||
| Treynor Ratio | 0.5775 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mineralrite Corporat'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.
Mineralrite Corporat Backtested Returns
Mineralrite Corporat appears to be out of control, given 3 months investment horizon. Mineralrite Corporat has Sharpe Ratio of 0.0677, which conveys that the firm had a 0.0677% return per unit of risk over the last 3 months. By analyzing Mineralrite Corporat's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please exercise Mineralrite Corporat's Downside Deviation of 19.76, risk adjusted performance of 0.094, and Mean Deviation of 11.84 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mineralrite Corporat holds a performance score of 5. The company secures a Beta (Market Risk) of 3.58, 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, Mineralrite Corporat will likely underperform. Please check Mineralrite Corporat's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Mineralrite Corporat's current price movements will revert.
Auto-correlation | 0.30 |
Below average predictability
Mineralrite Corporat has below average predictability. Overlapping area represents the amount of predictability between Mineralrite Corporat time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Mineralrite Corporat price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Mineralrite Corporat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mineralrite Corporat lagged returns against current returns
Autocorrelation, which is Mineralrite Corporat pink sheet'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 Mineralrite Corporat's pink sheet expected returns. We can calculate the autocorrelation of Mineralrite Corporat returns to help us make a trade decision. For example, suppose you find that Mineralrite Corporat has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Mineralrite Corporat 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 Mineralrite Corporat pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mineralrite Corporat pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mineralrite Corporat pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mineralrite Corporat Lagged Returns
When evaluating Mineralrite Corporat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mineralrite Corporat pink sheet have on its future price. Mineralrite Corporat 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, Mineralrite Corporat autocorrelation shows the relationship between Mineralrite Corporat pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mineralrite Corporat.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Mineralrite Pink Sheet
Mineralrite Corporat financial ratios help investors to determine whether Mineralrite Pink Sheet 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 Mineralrite with respect to the benefits of owning Mineralrite Corporat security.