Euro Manganese Stock Market Value

EUMNF Stock  USD 0.03  0.01  21.87%   
Euro Manganese's market value is the price at which a share of Euro Manganese trades on a public exchange. It measures the collective expectations of Euro Manganese investors about its performance. Euro Manganese is trading at 0.025 as of the 15th of March 2025. This is a 21.87 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.025.
With this module, you can estimate the performance of a buy and hold strategy of Euro Manganese and determine expected loss or profit from investing in Euro Manganese over a given investment horizon. Check out Euro Manganese Correlation, Euro Manganese Volatility and Euro Manganese Alpha and Beta module to complement your research on Euro Manganese.
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Please note, there is a significant difference between Euro Manganese's value and its price as these two are different measures arrived at by different means. Investors typically determine if Euro Manganese is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Euro Manganese'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.

Euro Manganese '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 Euro Manganese's otc 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 Euro Manganese.
0.00
12/15/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/15/2025
0.00
If you would invest  0.00  in Euro Manganese on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Euro Manganese or generate 0.0% return on investment in Euro Manganese over 90 days. Euro Manganese is related to or competes with Adriatic Metals, Black Iron, Talga Group, Leading Edge, Fireweed Zinc, and Australian Strategic. Euro Manganese Inc. engages in the evaluation, exploration, and development of mineral assets More

Euro Manganese 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 Euro Manganese's otc 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 Euro Manganese upside and downside potential and time the market with a certain degree of confidence.

Euro Manganese Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Euro Manganese's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euro Manganese's standard deviation. In reality, there are many statistical measures that can use Euro Manganese historical prices to predict the future Euro Manganese's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.0311.22
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Intrinsic
Valuation
LowRealHigh
0.000.0211.21
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Euro Manganese Backtested Returns

Euro Manganese appears to be out of control, given 3 months investment horizon. Euro Manganese secures Sharpe Ratio (or Efficiency) of 0.0523, which denotes the company had a 0.0523 % return per unit of risk over the last 3 months. By reviewing Euro Manganese's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Euro Manganese's Downside Deviation of 13.53, mean deviation of 6.51, and Coefficient Of Variation of 5939.83 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Euro Manganese holds a performance score of 4. The firm shows a Beta (market volatility) of 1.54, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Euro Manganese will likely underperform. Please check Euro Manganese's treynor ratio and the relationship between the downside variance and day typical price , to make a quick decision on whether Euro Manganese's price patterns will revert.

Auto-correlation

    
  -0.07  

Very weak reverse predictability

Euro Manganese has very weak reverse predictability. Overlapping area represents the amount of predictability between Euro Manganese time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Euro Manganese price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Euro Manganese price fluctuation can be explain by its past prices.
Correlation Coefficient-0.07
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.0

Euro Manganese lagged returns against current returns

Autocorrelation, which is Euro Manganese otc 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 Euro Manganese's otc stock expected returns. We can calculate the autocorrelation of Euro Manganese returns to help us make a trade decision. For example, suppose you find that Euro Manganese has exhibited high autocorrelation historically, and you observe that the otc 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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Euro Manganese 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 Euro Manganese otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euro Manganese otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euro Manganese otc stock over time.
   Current vs Lagged Prices   
       Timeline  

Euro Manganese Lagged Returns

When evaluating Euro Manganese's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euro Manganese otc stock have on its future price. Euro Manganese 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, Euro Manganese autocorrelation shows the relationship between Euro Manganese otc stock current value and its past values and can show if there is a momentum factor associated with investing in Euro Manganese.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Euro OTC Stock

Euro Manganese financial ratios help investors to determine whether Euro OTC 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 Euro with respect to the benefits of owning Euro Manganese security.