Mdm Permian Stock Market Value
| MDMP Stock | USD 0.01 0.0002 2.22% |
| Symbol | MDM |
MDM Permian '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 MDM Permian's pink sheet 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 MDM Permian.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in MDM Permian on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding MDM Permian or generate 0.0% return on investment in MDM Permian over 720 days. MDM Permian is related to or competes with Saturn Oil, San Leon, Tullow Oil, Dno ASA, PetroShale, Horizon Oil, and Empire Petroleum. MDM Permian, Inc. engages in the drilling and production of oil and gas properties More
MDM Permian 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 MDM Permian's pink sheet 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 MDM Permian upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.51 | |||
| Information Ratio | 0.0361 | |||
| Maximum Drawdown | 63.82 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 22.22 |
MDM Permian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MDM Permian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MDM Permian's standard deviation. In reality, there are many statistical measures that can use MDM Permian historical prices to predict the future MDM Permian's volatility.| Risk Adjusted Performance | 0.045 | |||
| Jensen Alpha | 0.3039 | |||
| Total Risk Alpha | (1.23) | |||
| Sortino Ratio | 0.0295 | |||
| Treynor Ratio | 0.2601 |
MDM Permian Backtested Returns
MDM Permian appears to be out of control, given 3 months investment horizon. MDM Permian has Sharpe Ratio of 0.0465, which conveys that the firm had a 0.0465% return per unit of volatility over the last 3 months. By evaluating MDM Permian's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise MDM Permian's mean deviation of 8.06, and Risk Adjusted Performance of 0.045 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MDM Permian holds a performance score of 3. The company secures a Beta (Market Risk) of 2.08, which conveys 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, MDM Permian will likely underperform. Please check MDM Permian's maximum drawdown and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether MDM Permian's current price movements will revert.
Auto-correlation | 0.18 |
Very weak predictability
MDM Permian has very weak predictability. Overlapping area represents the amount of predictability between MDM Permian time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 MDM Permian price movement. The serial correlation of 0.18 indicates that over 18.0% of current MDM Permian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MDM Permian lagged returns against current returns
Autocorrelation, which is MDM Permian pink sheet'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 MDM Permian's pink sheet expected returns. We can calculate the autocorrelation of MDM Permian returns to help us make a trade decision. For example, suppose you find that MDM Permian has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
MDM Permian 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 MDM Permian pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MDM Permian pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MDM Permian pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MDM Permian Lagged Returns
When evaluating MDM Permian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MDM Permian pink sheet have on its future price. MDM Permian 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, MDM Permian autocorrelation shows the relationship between MDM Permian pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MDM Permian.
Regressed Prices |
| Timeline |
Pair Trading with MDM Permian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MDM Permian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MDM Permian will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to MDM Permian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MDM Permian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MDM Permian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MDM Permian to buy it.
The correlation of MDM Permian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MDM Permian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDM Permian moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MDM Permian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for MDM Pink Sheet Analysis
When running MDM Permian's price analysis, check to measure MDM Permian's 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 MDM Permian is operating at the current time. Most of MDM Permian's value examination focuses on studying past and present price action to predict the probability of MDM Permian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MDM Permian's price. Additionally, you may evaluate how the addition of MDM Permian to your portfolios can decrease your overall portfolio volatility.