MAGNUM MINING (Germany) Market Value
| M8Z Stock | EUR 0.06 0.00 0.00% |
| Symbol | MAGNUM |
MAGNUM 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 MAGNUM 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 MAGNUM MINING.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in MAGNUM MINING on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding MAGNUM MINING EXP or generate 0.0% return on investment in MAGNUM MINING over 360 days. MAGNUM MINING is related to or competes with CHINA EDUCATION, INTERSHOP Communications, STRAYER EDUCATION, EEDUCATION ALBERT, Spirent Communications, SBA Communications, and Consolidated Communications. More
MAGNUM 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 MAGNUM 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 MAGNUM MINING EXP upside and downside potential and time the market with a certain degree of confidence.
MAGNUM MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAGNUM MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAGNUM MINING's standard deviation. In reality, there are many statistical measures that can use MAGNUM MINING historical prices to predict the future MAGNUM MINING's volatility.MAGNUM MINING EXP Backtested Returns
We have found three technical indicators for MAGNUM MINING, which you can use to evaluate the volatility of the entity. The firm secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and MAGNUM MINING are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
MAGNUM MINING EXP has no correlation between past and present. Overlapping area represents the amount of predictability between MAGNUM MINING time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 MAGNUM MINING EXP price movement. The serial correlation of 0.0 indicates that just 0.0% of current MAGNUM MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MAGNUM MINING EXP lagged returns against current returns
Autocorrelation, which is MAGNUM 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 MAGNUM MINING's stock expected returns. We can calculate the autocorrelation of MAGNUM MINING returns to help us make a trade decision. For example, suppose you find that MAGNUM 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 |
MAGNUM 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 MAGNUM MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAGNUM MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAGNUM MINING stock over time.
Current vs Lagged Prices |
| Timeline |
MAGNUM MINING Lagged Returns
When evaluating MAGNUM MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAGNUM MINING stock have on its future price. MAGNUM 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, MAGNUM MINING autocorrelation shows the relationship between MAGNUM MINING stock current value and its past values and can show if there is a momentum factor associated with investing in MAGNUM MINING EXP.
Regressed Prices |
| Timeline |
Also Currently Popular
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 MAGNUM Stock
MAGNUM MINING financial ratios help investors to determine whether MAGNUM 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 MAGNUM with respect to the benefits of owning MAGNUM MINING security.