Monument Mining (Germany) Market Value
| D7Q1 Stock | EUR 0.18 0.01 5.26% |
| Symbol | Monument |
Monument 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 Monument 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 Monument Mining.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Monument Mining on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Monument Mining Limited or generate 0.0% return on investment in Monument Mining over 60 days. Monument Mining is related to or competes with Alstria Office, BRAEMAR HOTELS, Host Hotels, Meli Hotels, Taylor Morrison, DALATA HOTEL, and Park Hotels. Monument Mining Limited operates as a gold producer and mining asset developer s in Canada, Australia, and Malaysia More
Monument 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 Monument 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 Monument Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.26 | |||
| Information Ratio | 0.1542 | |||
| Maximum Drawdown | 38.38 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Monument Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monument Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monument Mining's standard deviation. In reality, there are many statistical measures that can use Monument Mining historical prices to predict the future Monument Mining's volatility.| Risk Adjusted Performance | 0.1369 | |||
| Jensen Alpha | 0.8859 | |||
| Total Risk Alpha | 0.8051 | |||
| Sortino Ratio | 0.1211 | |||
| Treynor Ratio | 1.85 |
Monument Mining Backtested Returns
Monument Mining appears to be out of control, given 3 months investment horizon. Monument Mining has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Monument Mining's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Monument Mining's Risk Adjusted Performance of 0.1369, mean deviation of 3.88, and Downside Deviation of 7.26 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Monument Mining holds a performance score of 8. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Monument Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Monument Mining is expected to be smaller as well. Please check Monument Mining's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Monument Mining's current price movements will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Monument Mining Limited has virtually no predictability. Overlapping area represents the amount of predictability between Monument Mining time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Monument Mining price movement. The serial correlation of 0.03 indicates that only 3.0% of current Monument Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Monument Mining lagged returns against current returns
Autocorrelation, which is Monument 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 Monument Mining's stock expected returns. We can calculate the autocorrelation of Monument Mining returns to help us make a trade decision. For example, suppose you find that Monument 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 |
| Timeline |
Monument 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 Monument Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monument Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monument Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Monument Mining Lagged Returns
When evaluating Monument Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monument Mining stock have on its future price. Monument 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, Monument Mining autocorrelation shows the relationship between Monument Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Monument Mining Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Monument Stock
Monument Mining financial ratios help investors to determine whether Monument 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 Monument with respect to the benefits of owning Monument Mining security.