MONGOLIAN MINING (Germany) Market Value
| 29X2 Stock | EUR 0.93 0.02 2.11% |
| Symbol | MONGOLIAN |
MONGOLIAN MINING '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 MONGOLIAN MINING's 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 MONGOLIAN MINING.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in MONGOLIAN MINING on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding MONGOLIAN MINING CRPREGS or generate 0.0% return on investment in MONGOLIAN MINING over 30 days. MONGOLIAN MINING is related to or competes with CORONGLRES CDIS/10/1, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. Mongolian Mining Corporation engages in the mining, processing, transportation, and sale of coking coal products More
MONGOLIAN MINING 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 MONGOLIAN MINING's 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 MONGOLIAN MINING CRPREGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.0068 | |||
| Maximum Drawdown | 16.54 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 7.77 |
MONGOLIAN MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MONGOLIAN MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MONGOLIAN MINING's standard deviation. In reality, there are many statistical measures that can use MONGOLIAN MINING historical prices to predict the future MONGOLIAN MINING's volatility.| Risk Adjusted Performance | 0.0356 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0067 | |||
| Treynor Ratio | 0.0708 |
MONGOLIAN MINING CRPREGS Backtested Returns
MONGOLIAN MINING appears to be extremely dangerous, given 3 months investment horizon. MONGOLIAN MINING CRPREGS has Sharpe Ratio of 0.0548, which conveys that the firm had a 0.0548% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MONGOLIAN MINING, which you can use to evaluate the volatility of the firm. Please exercise MONGOLIAN MINING's mean deviation of 2.84, and Risk Adjusted Performance of 0.0356 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MONGOLIAN MINING holds a performance score of 4. The company secures a Beta (Market Risk) of 1.83, 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, MONGOLIAN MINING will likely underperform. Please check MONGOLIAN MINING's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether MONGOLIAN MINING's current price movements will revert.
Auto-correlation | 0.55 |
Modest predictability
MONGOLIAN MINING CRPREGS has modest predictability. Overlapping area represents the amount of predictability between MONGOLIAN MINING time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 MONGOLIAN MINING CRPREGS price movement. The serial correlation of 0.55 indicates that about 55.0% of current MONGOLIAN MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MONGOLIAN MINING CRPREGS lagged returns against current returns
Autocorrelation, which is MONGOLIAN MINING 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 MONGOLIAN MINING's stock expected returns. We can calculate the autocorrelation of MONGOLIAN MINING returns to help us make a trade decision. For example, suppose you find that MONGOLIAN MINING 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 |
MONGOLIAN MINING 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 MONGOLIAN MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MONGOLIAN MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MONGOLIAN MINING stock over time.
Current vs Lagged Prices |
| Timeline |
MONGOLIAN MINING Lagged Returns
When evaluating MONGOLIAN MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MONGOLIAN MINING stock have on its future price. MONGOLIAN MINING 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, MONGOLIAN MINING autocorrelation shows the relationship between MONGOLIAN MINING stock current value and its past values and can show if there is a momentum factor associated with investing in MONGOLIAN MINING CRPREGS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MONGOLIAN Stock
MONGOLIAN MINING financial ratios help investors to determine whether MONGOLIAN 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 MONGOLIAN with respect to the benefits of owning MONGOLIAN MINING security.