MINIERE TOUISSIT (Morocco) Market Value
| MINIERE-TOUISSIT | 1,625 10.00 0.61% |
| Symbol | MINIERE |
MINIERE TOUISSIT '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 MINIERE TOUISSIT'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 MINIERE TOUISSIT.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in MINIERE TOUISSIT on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding MINIERE TOUISSIT or generate 0.0% return on investment in MINIERE TOUISSIT over 60 days.
MINIERE TOUISSIT 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 MINIERE TOUISSIT'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 MINIERE TOUISSIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.84 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 3.71 |
MINIERE TOUISSIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MINIERE TOUISSIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MINIERE TOUISSIT's standard deviation. In reality, there are many statistical measures that can use MINIERE TOUISSIT historical prices to predict the future MINIERE TOUISSIT's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MINIERE TOUISSIT'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.
MINIERE TOUISSIT Backtested Returns
MINIERE TOUISSIT has Sharpe Ratio of -0.0048, which conveys that the firm had a -0.0048% return per unit of volatility over the last 3 months. MINIERE TOUISSIT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MINIERE TOUISSIT's mean deviation of 1.59, and Risk Adjusted Performance of (0) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0263, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MINIERE TOUISSIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding MINIERE TOUISSIT is expected to be smaller as well. At this point, MINIERE TOUISSIT has a negative expected return of -0.0126%. Please make sure to verify MINIERE TOUISSIT's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if MINIERE TOUISSIT performance from the past will be repeated at future time.
Auto-correlation | 0.10 |
Insignificant predictability
MINIERE TOUISSIT has insignificant predictability. Overlapping area represents the amount of predictability between MINIERE TOUISSIT time series from 13th of October 2024 to 12th of November 2024 and 12th 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 MINIERE TOUISSIT price movement. The serial correlation of 0.1 indicates that less than 10.0% of current MINIERE TOUISSIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 683.01 |
MINIERE TOUISSIT lagged returns against current returns
Autocorrelation, which is MINIERE TOUISSIT 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 MINIERE TOUISSIT's stock expected returns. We can calculate the autocorrelation of MINIERE TOUISSIT returns to help us make a trade decision. For example, suppose you find that MINIERE TOUISSIT 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 |
MINIERE TOUISSIT 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 MINIERE TOUISSIT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MINIERE TOUISSIT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MINIERE TOUISSIT stock over time.
Current vs Lagged Prices |
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MINIERE TOUISSIT Lagged Returns
When evaluating MINIERE TOUISSIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MINIERE TOUISSIT stock have on its future price. MINIERE TOUISSIT 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, MINIERE TOUISSIT autocorrelation shows the relationship between MINIERE TOUISSIT stock current value and its past values and can show if there is a momentum factor associated with investing in MINIERE TOUISSIT.
Regressed Prices |
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