Themac Resources Group Stock Market Value
| MAC Stock | CAD 0.10 0.02 25.00% |
| Symbol | Themac |
Themac Resources '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 Themac Resources' 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 Themac Resources.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Themac Resources on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Themac Resources Group or generate 0.0% return on investment in Themac Resources over 90 days. Themac Resources is related to or competes with DIRTT Environmental, Labrador Iron, Quipt Home, Pace Metals, Algoma Steel, Firan Technology, and Mako Mining. THEMAC Resources Group Limited engages in acquiring, exploring, and developing natural resource properties in the United... More
Themac Resources 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 Themac Resources' 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 Themac Resources Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.8 | |||
| Information Ratio | 0.2022 | |||
| Maximum Drawdown | 115.71 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 25.0 |
Themac Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Themac Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Themac Resources' standard deviation. In reality, there are many statistical measures that can use Themac Resources historical prices to predict the future Themac Resources' volatility.| Risk Adjusted Performance | 0.1806 | |||
| Jensen Alpha | 3.58 | |||
| Total Risk Alpha | 5.62 | |||
| Sortino Ratio | 0.1702 | |||
| Treynor Ratio | 2.56 |
Themac Resources Backtested Returns
Themac Resources is out of control given 3 months investment horizon. Themac Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17 % return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.07% are justified by taking the suggested risk. Use Themac Resources Coefficient Of Variation of 508.89, semi deviation of 9.21, and Risk Adjusted Performance of 0.1806 to evaluate company specific risk that cannot be diversified away. Themac Resources holds a performance score of 13 on a scale of zero to a hundred. The entity has a beta of 1.34, which indicates 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, Themac Resources will likely underperform. Use Themac Resources standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to analyze future returns on Themac Resources.
Auto-correlation | 0.38 |
Below average predictability
Themac Resources Group has below average predictability. Overlapping area represents the amount of predictability between Themac Resources 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 Themac Resources price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Themac Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Themac Resources lagged returns against current returns
Autocorrelation, which is Themac Resources 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 Themac Resources' stock expected returns. We can calculate the autocorrelation of Themac Resources returns to help us make a trade decision. For example, suppose you find that Themac Resources 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 |
Themac Resources 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 Themac Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Themac Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Themac Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Themac Resources Lagged Returns
When evaluating Themac Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Themac Resources stock have on its future price. Themac Resources 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, Themac Resources autocorrelation shows the relationship between Themac Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Themac Resources Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Themac Stock Analysis
When running Themac Resources' price analysis, check to measure Themac Resources' 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 Themac Resources is operating at the current time. Most of Themac Resources' value examination focuses on studying past and present price action to predict the probability of Themac Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Themac Resources' price. Additionally, you may evaluate how the addition of Themac Resources to your portfolios can decrease your overall portfolio volatility.