Max Resource Corp Stock Market Value
| MXROF Stock | USD 0.04 0.01 33.33% |
| Symbol | Max |
Max Resource '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 Max Resource's 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 Max Resource.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Max Resource on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Max Resource Corp or generate 0.0% return on investment in Max Resource over 180 days. Max Resource is related to or competes with HUMANA, SCOR PK, Thrivent High, Morningstar Unconstrained, SPACE, Via Renewables, and T Rowe. Max Resource Corp. engages in the acquisition, exploration, and development of mineral properties More
Max Resource 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 Max Resource's 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 Max Resource Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 65.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Max Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Max Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Max Resource's standard deviation. In reality, there are many statistical measures that can use Max Resource historical prices to predict the future Max Resource's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0357 | |||
| Total Risk Alpha | (2.11) | |||
| Treynor Ratio | 0.1143 |
Max Resource Corp Backtested Returns
Max Resource Corp has Sharpe Ratio of -0.0076, which conveys that the firm had a -0.0076% return per unit of risk over the last 3 months. Max Resource exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Max Resource's Risk Adjusted Performance of (0.01), mean deviation of 5.2, and Standard Deviation of 10.78 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -2.68, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Max Resource are expected to decrease by larger amounts. On the other hand, during market turmoil, Max Resource is expected to outperform it. At this point, Max Resource Corp has a negative expected return of -0.0818%. Please make sure to verify Max Resource's variance, as well as the relationship between the potential upside and day median price , to decide if Max Resource Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Max Resource Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Max Resource time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Max Resource Corp price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Max Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Max Resource Corp lagged returns against current returns
Autocorrelation, which is Max Resource 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 Max Resource's pink sheet expected returns. We can calculate the autocorrelation of Max Resource returns to help us make a trade decision. For example, suppose you find that Max Resource 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 |
Max Resource 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 Max Resource pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Max Resource pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Max Resource pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Max Resource Lagged Returns
When evaluating Max Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Max Resource pink sheet have on its future price. Max Resource 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, Max Resource autocorrelation shows the relationship between Max Resource pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Max Resource Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Max Pink Sheet
Max Resource financial ratios help investors to determine whether Max 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 Max with respect to the benefits of owning Max Resource security.