Mirasol Resources Stock Market Value
| MRZLF Stock | USD 0.30 0.01 3.45% |
| Symbol | Mirasol |
Mirasol 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 Mirasol 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 Mirasol Resources.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Mirasol Resources on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Mirasol Resources or generate 0.0% return on investment in Mirasol Resources over 90 days. Mirasol Resources is related to or competes with Star Royalties, Riverside Resources, Defiance Silver, Summa Silver, Enduro Metals, Kodiak Copper, and AbraSilver Resource. Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina More
Mirasol 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 Mirasol 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 Mirasol Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.01 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.67 |
Mirasol Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirasol Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirasol Resources' standard deviation. In reality, there are many statistical measures that can use Mirasol Resources historical prices to predict the future Mirasol Resources' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | 0.1523 | |||
| Treynor Ratio | (1.67) |
Mirasol Resources Backtested Returns
Mirasol Resources has Sharpe Ratio of -0.0813, which conveys that the firm had a -0.0813 % return per unit of risk over the last 3 months. Mirasol Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirasol Resources' Standard Deviation of 3.63, risk adjusted performance of (0.06), and Mean Deviation of 2.63 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mirasol Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirasol Resources is expected to be smaller as well. At this point, Mirasol Resources has a negative expected return of -0.29%. Please make sure to verify Mirasol Resources' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Mirasol Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Mirasol Resources has weak predictability. Overlapping area represents the amount of predictability between Mirasol Resources time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Mirasol Resources price movement. The serial correlation of 0.21 indicates that over 21.0% of current Mirasol Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mirasol Resources lagged returns against current returns
Autocorrelation, which is Mirasol 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 Mirasol Resources' pink sheet expected returns. We can calculate the autocorrelation of Mirasol Resources returns to help us make a trade decision. For example, suppose you find that Mirasol 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 |
Mirasol 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 Mirasol Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirasol 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 Mirasol Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mirasol Resources Lagged Returns
When evaluating Mirasol Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirasol Resources pink sheet have on its future price. Mirasol 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, Mirasol Resources autocorrelation shows the relationship between Mirasol Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mirasol Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mirasol Pink Sheet
Mirasol Resources financial ratios help investors to determine whether Mirasol Pink Sheet 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 Mirasol with respect to the benefits of owning Mirasol Resources security.