Meteoric Resources (Germany) Market Value
| RNF Stock | EUR 0.07 0 6.47% |
| Symbol | Meteoric |
Meteoric 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 Meteoric Resources' 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 Meteoric Resources.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Meteoric Resources on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Meteoric Resources NL or generate 0.0% return on investment in Meteoric Resources over 360 days. Meteoric Resources is related to or competes with Boyd Gaming, TROPHY GAMES, Penn National, SBA Communications, CVW CLEANTECH, ANGLER GAMING, and Rogers Communications. Meteoric Resources NL explores for mineral tenements in Brazil, Canada, Western Australia, and Northern Territory More
Meteoric 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 Meteoric Resources' 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 Meteoric Resources NL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.21 | |||
| Information Ratio | 0.0744 | |||
| Maximum Drawdown | 69.68 | |||
| Value At Risk | (22.14) | |||
| Potential Upside | 26.36 |
Meteoric Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meteoric Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meteoric Resources' standard deviation. In reality, there are many statistical measures that can use Meteoric Resources historical prices to predict the future Meteoric Resources' volatility.| Risk Adjusted Performance | 0.0751 | |||
| Jensen Alpha | 1.07 | |||
| Total Risk Alpha | (0.98) | |||
| Sortino Ratio | 0.0547 | |||
| Treynor Ratio | (2.37) |
Meteoric Resources Backtested Returns
Meteoric Resources appears to be out of control, given 3 months investment horizon. Meteoric Resources has Sharpe Ratio of 0.0672, which conveys that the firm had a 0.0672% return per unit of risk over the last 3 months. By analyzing Meteoric Resources' technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please exercise Meteoric Resources' Downside Deviation of 16.21, mean deviation of 6.74, and Risk Adjusted Performance of 0.0751 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meteoric Resources holds a performance score of 5. The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Meteoric Resources are expected to decrease at a much lower rate. During the bear market, Meteoric Resources is likely to outperform the market. Please check Meteoric Resources' maximum drawdown, semi variance, daily balance of power, as well as the relationship between the potential upside and skewness , to make a quick decision on whether Meteoric Resources' current price movements will revert.
Auto-correlation | 0.33 |
Below average predictability
Meteoric Resources NL has below average predictability. Overlapping area represents the amount of predictability between Meteoric Resources time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Meteoric Resources price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Meteoric Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Meteoric Resources lagged returns against current returns
Autocorrelation, which is Meteoric Resources 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 Meteoric Resources' stock expected returns. We can calculate the autocorrelation of Meteoric Resources returns to help us make a trade decision. For example, suppose you find that Meteoric Resources 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 |
Meteoric 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 Meteoric Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meteoric Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meteoric Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Meteoric Resources Lagged Returns
When evaluating Meteoric Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meteoric Resources stock have on its future price. Meteoric 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, Meteoric Resources autocorrelation shows the relationship between Meteoric Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Meteoric Resources NL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Meteoric Stock
Meteoric Resources financial ratios help investors to determine whether Meteoric 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 Meteoric with respect to the benefits of owning Meteoric Resources security.