Montero Mining And Stock Market Value
| MON Stock | CAD 0.31 0.01 3.13% |
| Symbol | Montero |
Montero 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 Montero 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 Montero Mining.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Montero Mining on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Montero Mining and or generate 0.0% return on investment in Montero Mining over 30 days. Montero Mining is related to or competes with Brookfield Asset, High Liner, Capstone Mining, Monument Mining, Element Fleet, MAG Silver, and Aya Gold. Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, acquisition, evaluat... More
Montero 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 Montero 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 Montero Mining and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 20.39 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.45 |
Montero Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Montero Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Montero Mining's standard deviation. In reality, there are many statistical measures that can use Montero Mining historical prices to predict the future Montero Mining's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.06) |
Montero Mining Backtested Returns
Montero Mining has Sharpe Ratio of -0.0228, which conveys that the firm had a -0.0228% return per unit of risk over the last 3 months. Montero Mining exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Montero Mining's Risk Adjusted Performance of (0.01), mean deviation of 2.46, and Standard Deviation of 3.62 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.43, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Montero Mining will likely underperform. At this point, Montero Mining has a negative expected return of -0.0825%. Please make sure to verify Montero Mining's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Montero Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Montero Mining and has insignificant reverse predictability. Overlapping area represents the amount of predictability between Montero Mining time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Montero Mining price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Montero Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Montero Mining lagged returns against current returns
Autocorrelation, which is Montero 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 Montero Mining's stock expected returns. We can calculate the autocorrelation of Montero Mining returns to help us make a trade decision. For example, suppose you find that Montero 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 |
Montero 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 Montero Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Montero Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Montero Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Montero Mining Lagged Returns
When evaluating Montero Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Montero Mining stock have on its future price. Montero 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, Montero Mining autocorrelation shows the relationship between Montero Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Montero Mining and.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Montero Stock Analysis
When running Montero Mining's price analysis, check to measure Montero Mining's 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 Montero Mining is operating at the current time. Most of Montero Mining's value examination focuses on studying past and present price action to predict the probability of Montero Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Montero Mining's price. Additionally, you may evaluate how the addition of Montero Mining to your portfolios can decrease your overall portfolio volatility.