MC Mining (South Africa) Market Value
| MCZ Stock | 168.00 12.00 6.67% |
| Symbol | MCZ |
MC 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 MC 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 MC Mining.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in MC Mining on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding MC Mining or generate 0.0% return on investment in MC Mining over 90 days. MC Mining is related to or competes with Thungela Resources, DRDGOLD, Rex Trueform, ISA Holdings, AECI, and British Amer. More
MC 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 MC 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 MC Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.6 | |||
| Information Ratio | 0.0778 | |||
| Maximum Drawdown | 44.0 | |||
| Value At Risk | (8.09) | |||
| Potential Upside | 13.64 |
MC Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MC Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MC Mining's standard deviation. In reality, there are many statistical measures that can use MC Mining historical prices to predict the future MC Mining's volatility.| Risk Adjusted Performance | 0.0603 | |||
| Jensen Alpha | 0.138 | |||
| Total Risk Alpha | 1.56 | |||
| Sortino Ratio | 0.0862 | |||
| Treynor Ratio | (0.18) |
MC Mining Backtested Returns
MC Mining appears to be very steady, given 3 months investment horizon. MC Mining retains Efficiency (Sharpe Ratio) of 0.0648, which conveys that the company had a 0.0648 % return per unit of price deviation over the last 3 months. By analyzing MC Mining's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise MC Mining's Mean Deviation of 3.39, market risk adjusted performance of (0.17), and Standard Deviation of 7.31 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MC Mining holds a performance score of 5. The firm owns a Beta (Systematic Risk) of -2.4, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MC Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, MC Mining is expected to outperform it. Please check MC Mining's jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether MC Mining's current price history will revert.
Auto-correlation | 0.42 |
Average predictability
MC Mining has average predictability. Overlapping area represents the amount of predictability between MC Mining time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 MC Mining price movement. The serial correlation of 0.42 indicates that just about 42.0% of current MC Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 40.74 |
MC Mining lagged returns against current returns
Autocorrelation, which is MC 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 MC Mining's stock expected returns. We can calculate the autocorrelation of MC Mining returns to help us make a trade decision. For example, suppose you find that MC 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 |
MC 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 MC Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MC Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MC Mining stock over time.
Current vs Lagged Prices |
| Timeline |
MC Mining Lagged Returns
When evaluating MC Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MC Mining stock have on its future price. MC 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, MC Mining autocorrelation shows the relationship between MC Mining stock current value and its past values and can show if there is a momentum factor associated with investing in MC Mining.
Regressed Prices |
| Timeline |
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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 MCZ Stock
MC Mining financial ratios help investors to determine whether MCZ 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 MCZ with respect to the benefits of owning MC Mining security.