Mineral Resources (Australia) Market Value
| MIN Stock | 35.80 1.11 3.01% |
| Symbol | Mineral |
Mineral Resources '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 Mineral Resources' 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 Mineral Resources.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Mineral Resources on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mineral Resources or generate 0.0% return on investment in Mineral Resources over 30 days. Mineral Resources is related to or competes with Bisalloy Steel, Bluescope Steel, Autosports, and Pinnacle Investment. Mineral Resources is entity of Australia More
Mineral Resources 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 Mineral Resources' 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 Mineral Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 27.69 | |||
| Value At Risk | (6.42) | |||
| Potential Upside | 7.15 |
Mineral Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mineral Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mineral Resources' standard deviation. In reality, there are many statistical measures that can use Mineral Resources historical prices to predict the future Mineral Resources' volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.03) |
Mineral Resources Backtested Returns
Currently, Mineral Resources is not too volatile. Mineral Resources has Sharpe Ratio of 0.0038, which conveys that the firm had a 0.0038% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Mineral Resources, which you can use to evaluate the volatility of the firm. Please verify Mineral Resources' Standard Deviation of 4.54, risk adjusted performance of 0.008, and Mean Deviation of 3.31 to check out if the risk estimate we provide is consistent with the expected return of 0.0173%. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mineral Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mineral Resources is expected to be smaller as well. Mineral Resources right now secures a risk of 4.57%. Please verify Mineral Resources value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Mineral Resources will be following its current price movements.
Auto-correlation | -0.03 |
Very weak reverse predictability
Mineral Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Mineral Resources time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Mineral Resources price movement. The serial correlation of -0.03 indicates that only 3.0% of current Mineral Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Mineral Resources lagged returns against current returns
Autocorrelation, which is Mineral Resources 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 Mineral Resources' stock expected returns. We can calculate the autocorrelation of Mineral Resources returns to help us make a trade decision. For example, suppose you find that Mineral Resources 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 |
Mineral Resources 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 Mineral Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mineral Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mineral Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Mineral Resources Lagged Returns
When evaluating Mineral Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mineral Resources stock have on its future price. Mineral Resources 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, Mineral Resources autocorrelation shows the relationship between Mineral Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Mineral Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Mineral Stock Analysis
When running Mineral Resources' price analysis, check to measure Mineral Resources' 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 Mineral Resources is operating at the current time. Most of Mineral Resources' value examination focuses on studying past and present price action to predict the probability of Mineral Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mineral Resources' price. Additionally, you may evaluate how the addition of Mineral Resources to your portfolios can decrease your overall portfolio volatility.