Mene Inc Stock Market Value
| MENE Stock | CAD 0.11 0.01 8.33% |
| Symbol | Mene |
Mene Inc Price To Book Ratio
Mene '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 Mene'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 Mene.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Mene on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mene Inc or generate 0.0% return on investment in Mene over 570 days. Mene is related to or competes with GoldMoney, Metalla Royalty, and Revival Gold. Mene Inc. designs, manufactures, and markets gold and platinum jewelry More
Mene 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 Mene'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 Mene Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.0 | |||
| Information Ratio | 0.0087 | |||
| Maximum Drawdown | 33.57 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Mene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mene's standard deviation. In reality, there are many statistical measures that can use Mene historical prices to predict the future Mene's volatility.| Risk Adjusted Performance | 0.0314 | |||
| Jensen Alpha | 0.1269 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | 0.4774 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mene's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mene Inc Backtested Returns
Mene Inc has Sharpe Ratio of -0.0212, which conveys that the firm had a -0.0212% return per unit of risk over the last 3 months. Mene exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mene's Risk Adjusted Performance of 0.0314, downside deviation of 10.0, and Mean Deviation of 3.64 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mene is expected to be smaller as well. At this point, Mene Inc has a negative expected return of -0.12%. Please make sure to verify Mene's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Mene Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Mene Inc has weak predictability. Overlapping area represents the amount of predictability between Mene time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Mene Inc price movement. The serial correlation of 0.23 indicates that over 23.0% of current Mene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mene Inc lagged returns against current returns
Autocorrelation, which is Mene 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 Mene's stock expected returns. We can calculate the autocorrelation of Mene returns to help us make a trade decision. For example, suppose you find that Mene 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 |
Mene 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 Mene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mene stock over time.
Current vs Lagged Prices |
| Timeline |
Mene Lagged Returns
When evaluating Mene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mene stock have on its future price. Mene 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, Mene autocorrelation shows the relationship between Mene stock current value and its past values and can show if there is a momentum factor associated with investing in Mene Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Mene Stock Analysis
When running Mene's price analysis, check to measure Mene's 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 Mene is operating at the current time. Most of Mene's value examination focuses on studying past and present price action to predict the probability of Mene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mene's price. Additionally, you may evaluate how the addition of Mene to your portfolios can decrease your overall portfolio volatility.