Magnis Resources (Germany) Market Value
| U1P Stock | EUR 0.04 0.00 0.00% |
| Symbol | Magnis |
Magnis 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 Magnis 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 Magnis Resources.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Magnis Resources on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Magnis Resources Limited or generate 0.0% return on investment in Magnis Resources over 30 days. Magnis Resources is related to or competes with PARKEN Sport, Penn National, Games Workshop, Air Transport, PENN NATL, SPORT LISBOA, and Mitsui Chemicals. More
Magnis 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 Magnis 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 Magnis Resources Limited upside and downside potential and time the market with a certain degree of confidence.
Magnis Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magnis Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magnis Resources' standard deviation. In reality, there are many statistical measures that can use Magnis Resources historical prices to predict the future Magnis Resources' volatility.Magnis Resources Backtested Returns
We have found three technical indicators for Magnis Resources, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Magnis Resources are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Magnis Resources Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Magnis Resources time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 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 Magnis Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Magnis Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magnis Resources lagged returns against current returns
Autocorrelation, which is Magnis 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 Magnis Resources' stock expected returns. We can calculate the autocorrelation of Magnis Resources returns to help us make a trade decision. For example, suppose you find that Magnis 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 |
Magnis 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 Magnis Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magnis Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magnis Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Magnis Resources Lagged Returns
When evaluating Magnis Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magnis Resources stock have on its future price. Magnis 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, Magnis Resources autocorrelation shows the relationship between Magnis Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Magnis Resources Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Magnis Stock Analysis
When running Magnis Resources' price analysis, check to measure Magnis Resources' 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 Magnis Resources is operating at the current time. Most of Magnis Resources' value examination focuses on studying past and present price action to predict the probability of Magnis Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnis Resources' price. Additionally, you may evaluate how the addition of Magnis Resources to your portfolios can decrease your overall portfolio volatility.