Mmex Resources Corp Stock Market Value
| MMEX Stock | USD 0.0001 0.00 0.00% |
| Symbol | MMEX |
MMEX 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 MMEX Resources' 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 MMEX Resources.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in MMEX Resources on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding MMEX Resources Corp or generate 0.0% return on investment in MMEX Resources over 330 days. MMEX Resources is related to or competes with Saturn Oil. MMEX Resources Corporation engages in the development, financing, construction, and operation of solar-powered modular r... More
MMEX 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 MMEX Resources' 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 MMEX Resources Corp upside and downside potential and time the market with a certain degree of confidence.
MMEX Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MMEX Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MMEX Resources' standard deviation. In reality, there are many statistical measures that can use MMEX Resources historical prices to predict the future MMEX Resources' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MMEX Resources' 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.
MMEX Resources Corp Backtested Returns
MMEX Resources is out of control given 3 months investment horizon. MMEX Resources Corp has Sharpe Ratio of 0.31, which conveys that the firm had a 0.31% return per unit of risk over the last 3 months. We were able to analyze and collect data for six different technical indicators, which can help you to evaluate if expected returns of 96.92% are justified by taking the suggested risk. Use MMEX Resources Corp daily balance of power of 9.2 T, and Day Median Price of 1.0E-4 to evaluate company specific risk that cannot be diversified away. MMEX Resources holds a performance score of 24 on a scale of zero to a hundred. 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 MMEX Resources are completely uncorrelated. Use MMEX Resources Corp rate of daily change , to analyze future returns on MMEX Resources Corp.
Auto-correlation | -0.01 |
Very weak reverse predictability
MMEX Resources Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between MMEX Resources time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 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 MMEX Resources Corp price movement. The serial correlation of -0.01 indicates that just 1.0% of current MMEX Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MMEX Resources Corp lagged returns against current returns
Autocorrelation, which is MMEX Resources 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 MMEX Resources' pink sheet expected returns. We can calculate the autocorrelation of MMEX Resources returns to help us make a trade decision. For example, suppose you find that MMEX Resources 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 |
MMEX 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 MMEX Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MMEX Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MMEX Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MMEX Resources Lagged Returns
When evaluating MMEX Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MMEX Resources pink sheet have on its future price. MMEX 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, MMEX Resources autocorrelation shows the relationship between MMEX Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MMEX Resources Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for MMEX Pink Sheet Analysis
When running MMEX Resources' price analysis, check to measure MMEX 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 MMEX Resources is operating at the current time. Most of MMEX Resources' value examination focuses on studying past and present price action to predict the probability of MMEX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MMEX Resources' price. Additionally, you may evaluate how the addition of MMEX Resources to your portfolios can decrease your overall portfolio volatility.