Minaurum Gold Stock Market Value
| MMRGF Stock | USD 0.16 0.01 5.88% |
| Symbol | Minaurum |
Minaurum Gold '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 Minaurum Gold's otc 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 Minaurum Gold.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Minaurum Gold on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Minaurum Gold or generate 0.0% return on investment in Minaurum Gold over 90 days. Minaurum Gold is related to or competes with Rio2, Aurion Resources, Norsemont Mining, Vior, and Minera Alamos. Minaurum Gold Inc., an exploration stage company, engages in the acquisition, evaluation, and exploration of mineral pro... More
Minaurum Gold 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 Minaurum Gold's otc 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 Minaurum Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.43 | |||
| Information Ratio | 0.0484 | |||
| Maximum Drawdown | 31.11 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 8.33 |
Minaurum Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minaurum Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minaurum Gold's standard deviation. In reality, there are many statistical measures that can use Minaurum Gold historical prices to predict the future Minaurum Gold's volatility.| Risk Adjusted Performance | 0.0386 | |||
| Jensen Alpha | 0.3328 | |||
| Total Risk Alpha | 1.11 | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | 0.2447 |
Minaurum Gold Backtested Returns
Minaurum Gold appears to be out of control, given 3 months investment horizon. Minaurum Gold has Sharpe Ratio of 0.0654, which conveys that the firm had a 0.0654 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Minaurum Gold, which you can use to evaluate the volatility of the firm. Please exercise Minaurum Gold's Mean Deviation of 5.35, downside deviation of 8.43, and Risk Adjusted Performance of 0.0386 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Minaurum Gold holds a performance score of 5. The company secures a Beta (Market Risk) of 0.94, which conveys possible diversification benefits within a given portfolio. Minaurum Gold returns are very sensitive to returns on the market. As the market goes up or down, Minaurum Gold is expected to follow. Please check Minaurum Gold's treynor ratio and the relationship between the downside variance and day typical price , to make a quick decision on whether Minaurum Gold's current price movements will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Minaurum Gold has virtually no predictability. Overlapping area represents the amount of predictability between Minaurum Gold time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Minaurum Gold price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Minaurum Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Minaurum Gold lagged returns against current returns
Autocorrelation, which is Minaurum Gold otc 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 Minaurum Gold's otc stock expected returns. We can calculate the autocorrelation of Minaurum Gold returns to help us make a trade decision. For example, suppose you find that Minaurum Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Minaurum Gold 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 Minaurum Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minaurum Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minaurum Gold otc stock over time.
Current vs Lagged Prices |
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Minaurum Gold Lagged Returns
When evaluating Minaurum Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minaurum Gold otc stock have on its future price. Minaurum Gold 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, Minaurum Gold autocorrelation shows the relationship between Minaurum Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Minaurum Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Minaurum OTC Stock
Minaurum Gold financial ratios help investors to determine whether Minaurum OTC 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 Minaurum with respect to the benefits of owning Minaurum Gold security.