Merafe Resources (Germany) Market Value
| RZT Stock | EUR 0.06 0.01 11.76% |
| Symbol | Merafe |
Merafe 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 Merafe Resources' 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 Merafe Resources.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Merafe Resources on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Merafe Resources Limited or generate 0.0% return on investment in Merafe Resources over 90 days. Merafe Resources is related to or competes with BHP Group, BHP Group, Rio Tinto, Rio Tinto, Vale SA, Glencore Plc, and Glencore PLC. Merafe Resources Limited engages in the mining and beneficiation of chrome ore into ferrochrome More
Merafe 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 Merafe Resources' 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 Merafe Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 38.79 | |||
| Value At Risk | (10.18) | |||
| Potential Upside | 7.94 |
Merafe Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merafe Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merafe Resources' standard deviation. In reality, there are many statistical measures that can use Merafe Resources historical prices to predict the future Merafe Resources' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | 0.5368 | |||
| Treynor Ratio | (0.24) |
Merafe Resources Backtested Returns
Merafe Resources has Sharpe Ratio of -0.0662, which conveys that the firm had a -0.0662 % return per unit of risk over the last 3 months. Merafe Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Merafe Resources' Mean Deviation of 4.04, standard deviation of 5.75, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.78, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Merafe Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Merafe Resources is expected to be smaller as well. At this point, Merafe Resources has a negative expected return of -0.38%. Please make sure to verify Merafe Resources' potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Merafe Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Merafe Resources Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Merafe Resources time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Merafe Resources price movement. The serial correlation of -0.02 indicates that only 2.0% of current Merafe Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Merafe Resources lagged returns against current returns
Autocorrelation, which is Merafe Resources 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 Merafe Resources' stock expected returns. We can calculate the autocorrelation of Merafe Resources returns to help us make a trade decision. For example, suppose you find that Merafe Resources 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 |
Merafe 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 Merafe Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merafe Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merafe Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Merafe Resources Lagged Returns
When evaluating Merafe Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merafe Resources stock have on its future price. Merafe 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, Merafe Resources autocorrelation shows the relationship between Merafe Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Merafe Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Merafe Stock
Merafe Resources financial ratios help investors to determine whether Merafe 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 Merafe with respect to the benefits of owning Merafe Resources security.