Mene Inc Stock Market Value
| MENEF Stock | USD 0.1 0.01 12.73% |
| Symbol | Mene |
Mene '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 Mene'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 Mene.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Mene on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Mene Inc or generate 0.0% return on investment in Mene over 90 days. Mene is related to or competes with Lanvin Group, MYT Netherlands, Movado, Birks, and Charles Colvard. Mene Inc. designs, manufactures, and markets 24 karat gold and platinum jewelry in the United States, Canada, Europe, an... More
Mene 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 Mene'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 Mene Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.25 | |||
| Information Ratio | 0.0828 | |||
| Maximum Drawdown | 42.14 | |||
| Value At Risk | (12.73) | |||
| Potential Upside | 14.94 |
Mene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mene's standard deviation. In reality, there are many statistical measures that can use Mene historical prices to predict the future Mene's volatility.| Risk Adjusted Performance | 0.0702 | |||
| Jensen Alpha | 0.67 | |||
| Total Risk Alpha | 1.55 | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | 0.5164 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mene's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mene Inc Backtested Returns
Mene appears to be out of control, given 3 months investment horizon. Mene Inc has Sharpe Ratio of 0.076, which conveys that the firm had a 0.076 % return per unit of risk over the last 3 months. By analyzing Mene's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Mene's Mean Deviation of 5.6, risk adjusted performance of 0.0702, and Downside Deviation of 8.25 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mene holds a performance score of 5. The company secures a Beta (Market Risk) of 1.07, which conveys a somewhat significant risk relative to the market. Mene returns are very sensitive to returns on the market. As the market goes up or down, Mene is expected to follow. Please check Mene's semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Mene's current price movements will revert.
Auto-correlation | 0.50 |
Modest predictability
Mene Inc has modest predictability. Overlapping area represents the amount of predictability between Mene time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Mene Inc price movement. The serial correlation of 0.5 indicates that about 50.0% of current Mene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mene Inc lagged returns against current returns
Autocorrelation, which is Mene 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 Mene's pink sheet expected returns. We can calculate the autocorrelation of Mene returns to help us make a trade decision. For example, suppose you find that Mene 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 |
Mene 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 Mene pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mene pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mene pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mene Lagged Returns
When evaluating Mene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mene pink sheet have on its future price. Mene 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, Mene autocorrelation shows the relationship between Mene pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mene Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mene Pink Sheet
Mene financial ratios help investors to determine whether Mene Pink Sheet 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 Mene with respect to the benefits of owning Mene security.