Mirage Energy Corp Stock Volatility
| MRGE Stock | USD 0.01 0.04 90.00% |
Mirage Energy is out of control given 3 months investment horizon. Mirage Energy Corp has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 16.61% are justified by taking the suggested risk. Use Mirage Energy Corp Risk Adjusted Performance of 0.126, downside deviation of 38.25, and Mean Deviation of 36.03 to evaluate company specific risk that cannot be diversified away. Key indicators related to Mirage Energy's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Mirage Energy Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Mirage daily returns, and it is calculated using variance and standard deviation. We also use Mirage's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Mirage Energy volatility.
Mirage |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Mirage Energy can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Mirage Energy at lower prices to lower their average cost per share. Similarly, when the prices of Mirage Energy's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Mirage Pink Sheet
Moving against Mirage Pink Sheet
| 0.62 | PKX | POSCO Holdings | PairCorr |
| 0.58 | PTAIY | Astra International Tbk | PairCorr |
| 0.39 | EC | Ecopetrol SA ADR | PairCorr |
| 0.32 | AMIX | Autonomix Medical, Common | PairCorr |
Mirage Energy Market Sensitivity And Downside Risk
Mirage Energy's beta coefficient measures the volatility of Mirage pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Mirage pink sheet's returns against your selected market. In other words, Mirage Energy's beta of 21.69 provides an investor with an approximation of how much risk Mirage Energy pink sheet can potentially add to one of your existing portfolios. Mirage Energy Corp is showing large volatility of returns over the selected time horizon. Mirage Energy Corp is a penny stock. Even though Mirage Energy may be a good instrument to invest, many penny pink sheets are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in Mirage Energy Corp or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Mirage instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Mirage Energy Corp Demand TrendCheck current 90 days Mirage Energy correlation with market (Dow Jones Industrial)Mirage Beta |
Mirage standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 117.29 |
It is essential to understand the difference between upside risk (as represented by Mirage Energy's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Mirage Energy's daily returns or price. Since the actual investment returns on holding a position in mirage pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Mirage Energy.
Mirage Energy Corp Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Mirage Energy pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Mirage Energy's price changes. Investors will then calculate the volatility of Mirage Energy's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Mirage Energy's volatility:
Historical Volatility
This type of pink sheet volatility measures Mirage Energy's fluctuations based on previous trends. It's commonly used to predict Mirage Energy's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Mirage Energy's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Mirage Energy's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Mirage Energy Corp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Mirage Energy Projected Return Density Against Market
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 21.6879 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mirage Energy will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Mirage Energy or Energy sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Mirage Energy's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Mirage pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Mirage Energy Corp has an alpha of 14.6013, implying that it can generate a 14.6 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Mirage Energy Price Volatility?
Several factors can influence a pink sheet's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Mirage Energy Pink Sheet Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Mirage Energy is 706.33. The daily returns are distributed with a variance of 13756.34 and standard deviation of 117.29. The mean deviation of Mirage Energy Corp is currently at 37.97. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | 14.60 | |
β | Beta against Dow Jones | 21.69 | |
σ | Overall volatility | 117.29 | |
Ir | Information ratio | 0.15 |
Mirage Energy Pink Sheet Return Volatility
Mirage Energy historical daily return volatility represents how much of Mirage Energy pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 117.2874% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7796% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Mirage Energy Volatility
Volatility is a rate at which the price of Mirage Energy or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Mirage Energy may increase or decrease. In other words, similar to Mirage's beta indicator, it measures the risk of Mirage Energy and helps estimate the fluctuations that may happen in a short period of time. So if prices of Mirage Energy fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Mirage Energy Corporation, through its subsidiaries, focuses on developing an integrated pipeline and natural gas storage facility in Mexico and the United States. Mirage Energy Corporation was incorporated in 2014 and is based in San Antonio, Texas. Mirage Energy operates under Oil Gas Midstream classification in the United States and is traded on OTC Exchange. It employs 5 people.
Mirage Energy's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Mirage Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Mirage Energy's price varies over time.
3 ways to utilize Mirage Energy's volatility to invest better
Higher Mirage Energy's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Mirage Energy Corp stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Mirage Energy Corp stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Mirage Energy Corp investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Mirage Energy's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Mirage Energy's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Mirage Energy Investment Opportunity
Mirage Energy Corp has a volatility of 117.29 and is 150.37 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Mirage Energy Corp is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Mirage Energy Corp to protect your portfolios against small market fluctuations. The pink sheet experiences a very speculative downward sentiment. The market maybe over-reacting. Check odds of Mirage Energy to be traded at $0.0048 in 90 days.Average diversification
The correlation between Mirage Energy Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mirage Energy Corp and DJI in the same portfolio, assuming nothing else is changed.
Mirage Energy Additional Risk Indicators
The analysis of Mirage Energy's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Mirage Energy's investment and either accepting that risk or mitigating it. Along with some common measures of Mirage Energy pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.126 | |||
| Market Risk Adjusted Performance | 0.804 | |||
| Mean Deviation | 36.03 | |||
| Semi Deviation | 18.61 | |||
| Downside Deviation | 38.25 | |||
| Coefficient Of Variation | 660.84 | |||
| Standard Deviation | 113.87 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Mirage Energy Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Mirage Energy as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Mirage Energy's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Mirage Energy's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Mirage Energy Corp.
Complementary Tools for Mirage Pink Sheet analysis
When running Mirage Energy's price analysis, check to measure Mirage Energy'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 Mirage Energy is operating at the current time. Most of Mirage Energy's value examination focuses on studying past and present price action to predict the probability of Mirage Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirage Energy's price. Additionally, you may evaluate how the addition of Mirage Energy to your portfolios can decrease your overall portfolio volatility.
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