Mgx Minerals Stock Market Value
MGX Minerals' market value is the price at which a share of MGX Minerals trades on a public exchange. It measures the collective expectations of MGX Minerals investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of MGX Minerals and determine expected loss or profit from investing in MGX Minerals over a given investment horizon. Check out MGX Minerals Correlation, MGX Minerals Volatility and MGX Minerals Alpha and Beta module to complement your research on MGX Minerals.
| Symbol | MGX |
MGX Minerals '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 MGX Minerals' 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 MGX Minerals.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in MGX Minerals on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding MGX Minerals or generate 0.0% return on investment in MGX Minerals over 480 days. MGX Minerals is related to or competes with Lotus Resources, East Africa, Vizsla Resources, Eramet SA, Trilogy Metals, Anglo American, and EMX Royalty. MGX Minerals Inc. engages in the acquisition, exploration, and development of mineral resource properties and industrial... More
MGX Minerals 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 MGX Minerals' 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 MGX Minerals upside and downside potential and time the market with a certain degree of confidence.
MGX Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGX Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGX Minerals' standard deviation. In reality, there are many statistical measures that can use MGX Minerals historical prices to predict the future MGX Minerals' volatility.MGX Minerals Backtested Returns
We have found zero technical indicators for MGX Minerals, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and MGX Minerals are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
MGX Minerals has no correlation between past and present. Overlapping area represents the amount of predictability between MGX Minerals time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 MGX Minerals price movement. The serial correlation of 0.0 indicates that just 0.0% of current MGX Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MGX Minerals lagged returns against current returns
Autocorrelation, which is MGX Minerals 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 MGX Minerals' pink sheet expected returns. We can calculate the autocorrelation of MGX Minerals returns to help us make a trade decision. For example, suppose you find that MGX Minerals 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 |
MGX Minerals 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 MGX Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGX Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGX Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MGX Minerals Lagged Returns
When evaluating MGX Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGX Minerals pink sheet have on its future price. MGX Minerals 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, MGX Minerals autocorrelation shows the relationship between MGX Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MGX Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MGX Pink Sheet
MGX Minerals financial ratios help investors to determine whether MGX 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 MGX with respect to the benefits of owning MGX Minerals security.