MINING PROJECTS (Germany) Market Value
| YAJ Stock | EUR 0.01 0.0005 5.56% |
| Symbol | MINING |
MINING PROJECTS '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 MINING PROJECTS'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 MINING PROJECTS.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in MINING PROJECTS on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding MINING PROJECTS GRP or generate 0.0% return on investment in MINING PROJECTS over 390 days. MINING PROJECTS is related to or competes with BURLINGTON STORES, GameStop Corp, Retail Estates, GigaMedia, TROPHY GAMES, Games Workshop, and National Retail. More
MINING PROJECTS 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 MINING PROJECTS'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 MINING PROJECTS GRP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.09 | |||
| Information Ratio | 0.1501 | |||
| Maximum Drawdown | 33.94 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 10.0 |
MINING PROJECTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MINING PROJECTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MINING PROJECTS's standard deviation. In reality, there are many statistical measures that can use MINING PROJECTS historical prices to predict the future MINING PROJECTS's volatility.| Risk Adjusted Performance | 0.138 | |||
| Jensen Alpha | 0.9858 | |||
| Total Risk Alpha | 0.2096 | |||
| Sortino Ratio | 0.1185 | |||
| Treynor Ratio | (2.02) |
MINING PROJECTS GRP Backtested Returns
MINING PROJECTS appears to be out of control, given 3 months investment horizon. MINING PROJECTS GRP has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of volatility over the last 3 months. By inspecting MINING PROJECTS's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please exercise MINING PROJECTS's risk adjusted performance of 0.138, and Mean Deviation of 3.17 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MINING PROJECTS holds a performance score of 11. The company secures a Beta (Market Risk) of -0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MINING PROJECTS are expected to decrease at a much lower rate. During the bear market, MINING PROJECTS is likely to outperform the market. Please check MINING PROJECTS's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether MINING PROJECTS's current price movements will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
MINING PROJECTS GRP has modest reverse predictability. Overlapping area represents the amount of predictability between MINING PROJECTS time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 MINING PROJECTS GRP price movement. The serial correlation of -0.43 indicates that just about 43.0% of current MINING PROJECTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MINING PROJECTS GRP lagged returns against current returns
Autocorrelation, which is MINING PROJECTS 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 MINING PROJECTS's stock expected returns. We can calculate the autocorrelation of MINING PROJECTS returns to help us make a trade decision. For example, suppose you find that MINING PROJECTS 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 |
MINING PROJECTS 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 MINING PROJECTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MINING PROJECTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MINING PROJECTS stock over time.
Current vs Lagged Prices |
| Timeline |
MINING PROJECTS Lagged Returns
When evaluating MINING PROJECTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MINING PROJECTS stock have on its future price. MINING PROJECTS 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, MINING PROJECTS autocorrelation shows the relationship between MINING PROJECTS stock current value and its past values and can show if there is a momentum factor associated with investing in MINING PROJECTS GRP.
Regressed Prices |
| Timeline |
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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 MINING Stock
MINING PROJECTS financial ratios help investors to determine whether MINING 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 MINING with respect to the benefits of owning MINING PROJECTS security.