Maritime Resources Corp Stock Market Value
| MAE Stock | CAD 0.06 0.01 8.33% |
| Symbol | Maritime |
Maritime Resources Corp Price To Book Ratio
Maritime 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 Maritime 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 Maritime Resources.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Maritime Resources on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Maritime Resources Corp or generate 0.0% return on investment in Maritime Resources over 90 days. Maritime Resources is related to or competes with Tristar Gold, and Independence Gold. Maritime Resources Corp. engages in the exploration and development of mineral properties in Canada More
Maritime 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 Maritime 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 Maritime Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.92 | |||
| Information Ratio | 0.087 | |||
| Maximum Drawdown | 25.4 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 12.5 |
Maritime Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maritime Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maritime Resources' standard deviation. In reality, there are many statistical measures that can use Maritime Resources historical prices to predict the future Maritime Resources' volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.6926 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0525 | |||
| Treynor Ratio | (1.88) |
Maritime Resources Corp Backtested Returns
Maritime Resources appears to be out of control, given 3 months investment horizon. Maritime Resources Corp has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Maritime Resources' technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please exercise Maritime Resources' Downside Deviation of 9.92, mean deviation of 3.85, and Risk Adjusted Performance of 0.0928 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maritime Resources holds a performance score of 11. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Maritime Resources are expected to decrease at a much lower rate. During the bear market, Maritime Resources is likely to outperform the market. Please check Maritime Resources' maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Maritime Resources' current price movements will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Maritime Resources Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Maritime Resources time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Maritime Resources Corp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Maritime Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Maritime Resources Corp lagged returns against current returns
Autocorrelation, which is Maritime 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 Maritime Resources' stock expected returns. We can calculate the autocorrelation of Maritime Resources returns to help us make a trade decision. For example, suppose you find that Maritime 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 |
Maritime 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 Maritime Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maritime Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maritime Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Maritime Resources Lagged Returns
When evaluating Maritime Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maritime Resources stock have on its future price. Maritime 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, Maritime Resources autocorrelation shows the relationship between Maritime Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Maritime Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Maritime Stock Analysis
When running Maritime Resources' price analysis, check to measure Maritime 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 Maritime Resources is operating at the current time. Most of Maritime Resources' value examination focuses on studying past and present price action to predict the probability of Maritime Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Maritime Resources' price. Additionally, you may evaluate how the addition of Maritime Resources to your portfolios can decrease your overall portfolio volatility.