Monumental Minerals Corp Stock Market Value
| MNMRF Stock | USD 0.04 0.01 16.67% |
| Symbol | Monumental |
Monumental Minerals '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 Monumental Minerals' 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 Monumental Minerals.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Monumental Minerals on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Monumental Minerals Corp or generate 0.0% return on investment in Monumental Minerals over 30 days. Monumental Minerals is related to or competes with Silver Wolf, and Mirasol Resources. Monumental Minerals Corp., an exploration stage company, engages in the acquisition and exploration of mineral propertie... More
Monumental Minerals 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 Monumental Minerals' 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 Monumental Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.58 | |||
| Information Ratio | 0.0401 | |||
| Maximum Drawdown | 107.03 | |||
| Value At Risk | (26.65) | |||
| Potential Upside | 24.84 |
Monumental Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monumental Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monumental Minerals' standard deviation. In reality, there are many statistical measures that can use Monumental Minerals historical prices to predict the future Monumental Minerals' volatility.| Risk Adjusted Performance | 0.0459 | |||
| Jensen Alpha | 0.8499 | |||
| Total Risk Alpha | (1.77) | |||
| Sortino Ratio | 0.0317 | |||
| Treynor Ratio | (1.85) |
Monumental Minerals Corp Backtested Returns
Monumental Minerals appears to be out of control, given 3 months investment horizon. Monumental Minerals Corp has Sharpe Ratio of 0.0441, which conveys that the firm had a 0.0441% return per unit of risk over the last 3 months. By analyzing Monumental Minerals' technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please exercise Monumental Minerals' Downside Deviation of 21.58, mean deviation of 10.02, and Risk Adjusted Performance of 0.0459 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Monumental Minerals holds a performance score of 3. The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Monumental Minerals are expected to decrease at a much lower rate. During the bear market, Monumental Minerals is likely to outperform the market. Please check Monumental Minerals' treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Monumental Minerals' current price movements will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Monumental Minerals Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Monumental Minerals time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Monumental Minerals Corp price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Monumental Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Monumental Minerals Corp lagged returns against current returns
Autocorrelation, which is Monumental Minerals 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 Monumental Minerals' otc stock expected returns. We can calculate the autocorrelation of Monumental Minerals returns to help us make a trade decision. For example, suppose you find that Monumental Minerals 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 |
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Monumental Minerals 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 Monumental Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monumental Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monumental Minerals otc stock over time.
Current vs Lagged Prices |
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Monumental Minerals Lagged Returns
When evaluating Monumental Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monumental Minerals otc stock have on its future price. Monumental Minerals 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, Monumental Minerals autocorrelation shows the relationship between Monumental Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Monumental Minerals Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Monumental OTC Stock
Monumental Minerals financial ratios help investors to determine whether Monumental 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 Monumental with respect to the benefits of owning Monumental Minerals security.