Mount Gibson (Australia) Market Value
| MGX Stock | 0.31 0.01 3.33% |
| Symbol | Mount |
Mount Gibson '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 Mount Gibson'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 Mount Gibson.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Mount Gibson on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Mount Gibson Iron or generate 0.0% return on investment in Mount Gibson over 720 days. Mount Gibson is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, and Aneka Tambang. Mount Gibson is entity of Australia. It is traded as Stock on AU exchange. More
Mount Gibson 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 Mount Gibson'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 Mount Gibson Iron upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.64 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.73 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 6.45 |
Mount Gibson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mount Gibson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mount Gibson's standard deviation. In reality, there are many statistical measures that can use Mount Gibson historical prices to predict the future Mount Gibson's volatility.| Risk Adjusted Performance | 0.0198 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0571 |
Mount Gibson Iron Backtested Returns
Currently, Mount Gibson Iron is out of control. Mount Gibson Iron has Sharpe Ratio of 7.0E-4, which conveys that the firm had a 7.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mount Gibson, which you can use to evaluate the volatility of the firm. Please verify Mount Gibson's Mean Deviation of 2.06, downside deviation of 4.64, and Risk Adjusted Performance of 0.0198 to check out if the risk estimate we provide is consistent with the expected return of 0.0024%. The company secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mount Gibson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mount Gibson is expected to be smaller as well. Mount Gibson Iron right now secures a risk of 3.21%. Please verify Mount Gibson Iron treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Mount Gibson Iron will be following its current price movements.
Auto-correlation | 0.45 |
Average predictability
Mount Gibson Iron has average predictability. Overlapping area represents the amount of predictability between Mount Gibson time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Mount Gibson Iron price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Mount Gibson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mount Gibson Iron lagged returns against current returns
Autocorrelation, which is Mount Gibson 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 Mount Gibson's stock expected returns. We can calculate the autocorrelation of Mount Gibson returns to help us make a trade decision. For example, suppose you find that Mount Gibson 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 |
Mount Gibson 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 Mount Gibson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mount Gibson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mount Gibson stock over time.
Current vs Lagged Prices |
| Timeline |
Mount Gibson Lagged Returns
When evaluating Mount Gibson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mount Gibson stock have on its future price. Mount Gibson 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, Mount Gibson autocorrelation shows the relationship between Mount Gibson stock current value and its past values and can show if there is a momentum factor associated with investing in Mount Gibson Iron.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Mount Stock Analysis
When running Mount Gibson's price analysis, check to measure Mount Gibson'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 Mount Gibson is operating at the current time. Most of Mount Gibson's value examination focuses on studying past and present price action to predict the probability of Mount Gibson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mount Gibson's price. Additionally, you may evaluate how the addition of Mount Gibson to your portfolios can decrease your overall portfolio volatility.