MCEWEN MINING (Germany) Market Value
| US8 Stock | 7.20 0.10 1.41% |
| Symbol | MCEWEN |
MCEWEN 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 MCEWEN 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 MCEWEN MINING.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in MCEWEN MINING on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding MCEWEN MINING INC or generate 0.0% return on investment in MCEWEN MINING over 30 days. MCEWEN MINING is related to or competes with Penn National, GameStop Corp, Peijia Medical, Merit Medical, GAMES OPERATORS, and MeVis Medical. More
MCEWEN 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 MCEWEN 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 MCEWEN MINING INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.79 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 4.94 |
MCEWEN MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MCEWEN MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MCEWEN MINING's standard deviation. In reality, there are many statistical measures that can use MCEWEN MINING historical prices to predict the future MCEWEN MINING's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.23) |
MCEWEN MINING INC Backtested Returns
MCEWEN MINING INC has Sharpe Ratio of -0.0515, which conveys that the company had a -0.0515 % return per unit of risk over the last 3 months. MCEWEN MINING exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MCEWEN MINING's Standard Deviation of 3.53, mean deviation of 2.48, and Coefficient Of Variation of (1,780) to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.91, which conveys possible diversification benefits within a given portfolio. MCEWEN MINING returns are very sensitive to returns on the market. As the market goes up or down, MCEWEN MINING is expected to follow. At this point, MCEWEN MINING INC has a negative expected return of -0.16%. Please make sure to verify MCEWEN MINING's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if MCEWEN MINING INC performance from the past will be repeated in the future.
Auto-correlation | 0.44 |
Average predictability
MCEWEN MINING INC has average predictability. Overlapping area represents the amount of predictability between MCEWEN MINING time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th 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 MCEWEN MINING INC price movement. The serial correlation of 0.44 indicates that just about 44.0% of current MCEWEN MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
MCEWEN MINING INC lagged returns against current returns
Autocorrelation, which is MCEWEN 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 MCEWEN MINING's stock expected returns. We can calculate the autocorrelation of MCEWEN MINING returns to help us make a trade decision. For example, suppose you find that MCEWEN 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 |
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MCEWEN 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 MCEWEN MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MCEWEN MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MCEWEN MINING stock over time.
Current vs Lagged Prices |
| Timeline |
MCEWEN MINING Lagged Returns
When evaluating MCEWEN MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MCEWEN MINING stock have on its future price. MCEWEN 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, MCEWEN MINING autocorrelation shows the relationship between MCEWEN MINING stock current value and its past values and can show if there is a momentum factor associated with investing in MCEWEN MINING INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MCEWEN Stock
MCEWEN MINING financial ratios help investors to determine whether MCEWEN 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 MCEWEN with respect to the benefits of owning MCEWEN MINING security.