MINCO SILVER's market value is the price at which a share of MINCO SILVER trades on a public exchange. It measures the collective expectations of MINCO SILVER investors about its performance. MINCO SILVER is selling for under 0.13 as of the 26th of November 2024; that is No Change since the beginning of the trading day. The stock's last reported lowest price was 0.13. With this module, you can estimate the performance of a buy and hold strategy of MINCO SILVER and determine expected loss or profit from investing in MINCO SILVER over a given investment horizon. Check out MINCO SILVER Correlation, MINCO SILVER Volatility and MINCO SILVER Alpha and Beta module to complement your research on MINCO SILVER.
Please note, there is a significant difference between MINCO SILVER's value and its price as these two are different measures arrived at by different means. Investors typically determine if MINCO SILVER is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MINCO SILVER's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
MINCO SILVER '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 MINCO SILVER'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 MINCO SILVER.
0.00
07/05/2023
No Change 0.00
0.0
In 1 year 4 months and 26 days
11/26/2024
0.00
If you would invest 0.00 in MINCO SILVER on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding MINCO SILVER or generate 0.0% return on investment in MINCO SILVER over 510 days. MINCO SILVER is related to or competes with Apple, Apple, Microsoft, and Microsoft. More
MINCO SILVER 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 MINCO SILVER'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 MINCO SILVER upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MINCO SILVER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MINCO SILVER's standard deviation. In reality, there are many statistical measures that can use MINCO SILVER historical prices to predict the future MINCO SILVER's volatility.
MINCO SILVER appears to be out of control, given 3 months investment horizon. MINCO SILVER has Sharpe Ratio of 0.0491, which conveys that the firm had a 0.0491% return per unit of volatility over the last 3 months. We have found eighteen technical indicators for MINCO SILVER, which you can use to evaluate the volatility of the firm. Please exercise MINCO SILVER's mean deviation of 1.91, and Risk Adjusted Performance of 0.0454 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MINCO SILVER holds a performance score of 3. The company secures a Beta (Market Risk) of -1.25, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MINCO SILVER are expected to decrease by larger amounts. On the other hand, during market turmoil, MINCO SILVER is expected to outperform it. Please check MINCO SILVER's jensen alpha, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to make a quick decision on whether MINCO SILVER's current price movements will revert.
Auto-correlation
-0.24
Weak reverse predictability
MINCO SILVER has weak reverse predictability. Overlapping area represents the amount of predictability between MINCO SILVER time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 MINCO SILVER price movement. The serial correlation of -0.24 indicates that over 24.0% of current MINCO SILVER price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.24
Spearman Rank Test
-0.04
Residual Average
0.0
Price Variance
0.0
MINCO SILVER lagged returns against current returns
Autocorrelation, which is MINCO SILVER 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 MINCO SILVER's stock expected returns. We can calculate the autocorrelation of MINCO SILVER returns to help us make a trade decision. For example, suppose you find that MINCO SILVER 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
MINCO SILVER 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 MINCO SILVER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MINCO SILVER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MINCO SILVER stock over time.
Current vs Lagged Prices
Timeline
MINCO SILVER Lagged Returns
When evaluating MINCO SILVER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MINCO SILVER stock have on its future price. MINCO SILVER 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, MINCO SILVER autocorrelation shows the relationship between MINCO SILVER stock current value and its past values and can show if there is a momentum factor associated with investing in MINCO SILVER.
Regressed Prices
Timeline
Thematic Opportunities
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When running MINCO SILVER's price analysis, check to measure MINCO SILVER's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MINCO SILVER is operating at the current time. Most of MINCO SILVER's value examination focuses on studying past and present price action to predict the probability of MINCO SILVER's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MINCO SILVER's price. Additionally, you may evaluate how the addition of MINCO SILVER to your portfolios can decrease your overall portfolio volatility.