Mineral Resources Limited Stock Market Value
| MALRF Stock | USD 21.35 0.45 2.06% |
| Symbol | Mineral |
Mineral 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 Mineral Resources' 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 Mineral Resources.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Mineral Resources on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Mineral Resources Limited or generate 0.0% return on investment in Mineral Resources over 30 days. Mineral Resources is related to or competes with IGO, Mineral Res, and Adriatic Metals. Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, China, Singap... More
Mineral 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 Mineral Resources' 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 Mineral Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.51 | |||
| Information Ratio | 0.0389 | |||
| Maximum Drawdown | 38.92 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 11.59 |
Mineral Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mineral Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mineral Resources' standard deviation. In reality, there are many statistical measures that can use Mineral Resources historical prices to predict the future Mineral Resources' volatility.| Risk Adjusted Performance | 0.0548 | |||
| Jensen Alpha | 0.1547 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0226 | |||
| Treynor Ratio | 0.2309 |
Mineral Resources Backtested Returns
Mineral Resources has Sharpe Ratio of -0.0132, which conveys that the firm had a -0.0132% return per unit of risk over the last 3 months. Mineral Resources exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mineral Resources' Downside Deviation of 8.51, mean deviation of 2.2, and Risk Adjusted Performance of 0.0548 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.33, 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, Mineral Resources will likely underperform. At this point, Mineral Resources has a negative expected return of -0.06%. Please make sure to verify Mineral Resources' downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Mineral Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Mineral Resources Limited has below average predictability. Overlapping area represents the amount of predictability between Mineral Resources time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Mineral Resources price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Mineral Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Mineral Resources lagged returns against current returns
Autocorrelation, which is Mineral Resources 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 Mineral Resources' pink sheet expected returns. We can calculate the autocorrelation of Mineral Resources returns to help us make a trade decision. For example, suppose you find that Mineral Resources 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 |
Mineral 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 Mineral Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mineral Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mineral Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mineral Resources Lagged Returns
When evaluating Mineral Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mineral Resources pink sheet have on its future price. Mineral 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, Mineral Resources autocorrelation shows the relationship between Mineral Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mineral Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mineral Pink Sheet
Mineral Resources financial ratios help investors to determine whether Mineral 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 Mineral with respect to the benefits of owning Mineral Resources security.