Mega Uranium Stock Market Value
| MGAFF Stock | USD 0.25 0.02 7.41% |
| Symbol | Mega |
Mega Uranium '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 Mega Uranium'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 Mega Uranium.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Mega Uranium on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Mega Uranium or generate 0.0% return on investment in Mega Uranium over 30 days. Mega Uranium is related to or competes with Purepoint Uranium, Elevate Uranium, Bannerman Resources, Isoenergy, Paladin Energy, F3 Uranium, and EnCore Energy. Mega Uranium Ltd., a mineral exploration and development company, explores for uranium prospective properties primarily ... More
Mega Uranium 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 Mega Uranium'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 Mega Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.4 | |||
| Information Ratio | 0.0874 | |||
| Maximum Drawdown | 23.79 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 8.7 |
Mega Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mega Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mega Uranium's standard deviation. In reality, there are many statistical measures that can use Mega Uranium historical prices to predict the future Mega Uranium's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | 0.4321 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0716 | |||
| Treynor Ratio | 0.8293 |
Mega Uranium Backtested Returns
Mega Uranium appears to be out of control, given 3 months investment horizon. Mega Uranium has Sharpe Ratio of 0.0883, which conveys that the firm had a 0.0883% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mega Uranium, which you can use to evaluate the volatility of the firm. Please exercise Mega Uranium's Risk Adjusted Performance of 0.0918, downside deviation of 5.4, and Mean Deviation of 3.14 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mega Uranium holds a performance score of 6. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mega Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mega Uranium is expected to be smaller as well. Please check Mega Uranium's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Mega Uranium's current price movements will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Mega Uranium has good reverse predictability. Overlapping area represents the amount of predictability between Mega Uranium time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Mega Uranium price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Mega Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mega Uranium lagged returns against current returns
Autocorrelation, which is Mega Uranium 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 Mega Uranium's pink sheet expected returns. We can calculate the autocorrelation of Mega Uranium returns to help us make a trade decision. For example, suppose you find that Mega Uranium 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 |
Mega Uranium 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 Mega Uranium pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mega Uranium pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mega Uranium pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mega Uranium Lagged Returns
When evaluating Mega Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mega Uranium pink sheet have on its future price. Mega Uranium 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, Mega Uranium autocorrelation shows the relationship between Mega Uranium pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mega Uranium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mega Pink Sheet
Mega Uranium financial ratios help investors to determine whether Mega 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 Mega with respect to the benefits of owning Mega Uranium security.