Mitsui Mining (Germany) Market Value
| MMG Stock | EUR 29.00 0.40 1.40% |
| Symbol | Mitsui |
Mitsui Mining '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 Mitsui Mining'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 Mitsui Mining.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Mitsui Mining on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Mitsui Mining Smelting or generate 0.0% return on investment in Mitsui Mining over 60 days. Mitsui Mining is related to or competes with PARKEN Sport, SPORTING, Dairy Farm, TITAN MACHINERY, WIMFARM SA, Transport International, and SOEDER SPORTFISKE. Mitsui Mining Smelting Co., Ltd. produces and sells nonferrous metal products in Japan More
Mitsui Mining 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 Mitsui Mining'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 Mitsui Mining Smelting upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.97 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.1 |
Mitsui Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsui Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsui Mining's standard deviation. In reality, there are many statistical measures that can use Mitsui Mining historical prices to predict the future Mitsui Mining's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.7137 |
Mitsui Mining Smelting Backtested Returns
Mitsui Mining Smelting has Sharpe Ratio of -0.0612, which conveys that the firm had a -0.0612% return per unit of risk over the last 3 months. Mitsui Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitsui Mining's Standard Deviation of 1.58, risk adjusted performance of (0.05), and Mean Deviation of 1.2 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mitsui Mining are expected to decrease at a much lower rate. During the bear market, Mitsui Mining is likely to outperform the market. At this point, Mitsui Mining Smelting has a negative expected return of -0.0969%. Please make sure to verify Mitsui Mining's potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Mitsui Mining Smelting performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Mitsui Mining Smelting has modest predictability. Overlapping area represents the amount of predictability between Mitsui Mining time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mitsui Mining Smelting price movement. The serial correlation of 0.51 indicates that about 51.0% of current Mitsui Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Mitsui Mining Smelting lagged returns against current returns
Autocorrelation, which is Mitsui Mining 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 Mitsui Mining's stock expected returns. We can calculate the autocorrelation of Mitsui Mining returns to help us make a trade decision. For example, suppose you find that Mitsui Mining 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 |
Mitsui Mining 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 Mitsui Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsui Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsui Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Mitsui Mining Lagged Returns
When evaluating Mitsui Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsui Mining stock have on its future price. Mitsui Mining 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, Mitsui Mining autocorrelation shows the relationship between Mitsui Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Mitsui Mining Smelting.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mitsui Stock
Mitsui Mining financial ratios help investors to determine whether Mitsui Stock 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 Mitsui with respect to the benefits of owning Mitsui Mining security.