Metalex Ventures Stock Market Value
| MTX Stock | CAD 0.02 0.01 33.33% |
| Symbol | Metalex |
Metalex Ventures Price To Book Ratio
Metalex Ventures '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 Metalex Ventures' 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 Metalex Ventures.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Metalex Ventures on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Metalex Ventures or generate 0.0% return on investment in Metalex Ventures over 510 days. Metalex Ventures is related to or competes with Tsodilo Resources. Metalex Ventures Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral... More
Metalex Ventures 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 Metalex Ventures' 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 Metalex Ventures upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 50.92 | |||
| Information Ratio | 0.2192 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Metalex Ventures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metalex Ventures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metalex Ventures' standard deviation. In reality, there are many statistical measures that can use Metalex Ventures historical prices to predict the future Metalex Ventures' volatility.| Risk Adjusted Performance | 0.17 | |||
| Jensen Alpha | 9.88 | |||
| Total Risk Alpha | 3.09 | |||
| Sortino Ratio | 0.2108 | |||
| Treynor Ratio | 1.28 |
Metalex Ventures Backtested Returns
Metalex Ventures is out of control given 3 months investment horizon. Metalex Ventures has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 9.79% are justified by taking the suggested risk. Use Metalex Ventures Risk Adjusted Performance of 0.17, mean deviation of 36.3, and Downside Deviation of 50.92 to evaluate company specific risk that cannot be diversified away. Metalex Ventures holds a performance score of 15 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 8.48, 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, Metalex Ventures will likely underperform. Use Metalex Ventures potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Metalex Ventures.
Auto-correlation | -0.09 |
Very weak reverse predictability
Metalex Ventures has very weak reverse predictability. Overlapping area represents the amount of predictability between Metalex Ventures time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Metalex Ventures price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Metalex Ventures price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metalex Ventures lagged returns against current returns
Autocorrelation, which is Metalex Ventures 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 Metalex Ventures' stock expected returns. We can calculate the autocorrelation of Metalex Ventures returns to help us make a trade decision. For example, suppose you find that Metalex Ventures 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 |
Metalex Ventures 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 Metalex Ventures stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metalex Ventures stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metalex Ventures stock over time.
Current vs Lagged Prices |
| Timeline |
Metalex Ventures Lagged Returns
When evaluating Metalex Ventures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metalex Ventures stock have on its future price. Metalex Ventures 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, Metalex Ventures autocorrelation shows the relationship between Metalex Ventures stock current value and its past values and can show if there is a momentum factor associated with investing in Metalex Ventures.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Metalex Stock Analysis
When running Metalex Ventures' price analysis, check to measure Metalex Ventures' 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 Metalex Ventures is operating at the current time. Most of Metalex Ventures' value examination focuses on studying past and present price action to predict the probability of Metalex Ventures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalex Ventures' price. Additionally, you may evaluate how the addition of Metalex Ventures to your portfolios can decrease your overall portfolio volatility.