Magnis Energy Technologies Stock Market Value
| MNSEF Stock | USD 0.02 0.01 33.33% |
| Symbol | Magnis |
Magnis Energy '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 Energy's 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 Magnis Energy.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Magnis Energy on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Magnis Energy Technologies or generate 0.0% return on investment in Magnis Energy over 720 days. Magnis Energy is related to or competes with Novonix, Novonix, Eos Energy, Legrand SA, and AFC Energy. Magnis Energy Technologies Limited engages in the exploration and development of mineral properties in the United States... More
Magnis Energy 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 Energy's 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 Magnis Energy Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.8 | |||
| Information Ratio | 0.0854 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Magnis Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magnis Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magnis Energy's standard deviation. In reality, there are many statistical measures that can use Magnis Energy historical prices to predict the future Magnis Energy's volatility.| Risk Adjusted Performance | 0.0786 | |||
| Jensen Alpha | 1.54 | |||
| Total Risk Alpha | 1.07 | |||
| Sortino Ratio | 0.0602 | |||
| Treynor Ratio | 1.11 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magnis Energy'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.
Magnis Energy Techno Backtested Returns
Magnis Energy is out of control given 3 months investment horizon. Magnis Energy Techno has Sharpe Ratio of 0.0815, which conveys that the firm had a 0.0815% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.37% are justified by taking the suggested risk. Use Magnis Energy Techno Downside Deviation of 25.8, risk adjusted performance of 0.0786, and Mean Deviation of 11.1 to evaluate company specific risk that cannot be diversified away. Magnis Energy holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.42, 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, Magnis Energy will likely underperform. Use Magnis Energy Techno jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to analyze future returns on Magnis Energy Techno.
Auto-correlation | -0.02 |
Very weak reverse predictability
Magnis Energy Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between Magnis Energy time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Magnis Energy Techno price movement. The serial correlation of -0.02 indicates that only 2.0% of current Magnis Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Magnis Energy Techno lagged returns against current returns
Autocorrelation, which is Magnis Energy 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 Magnis Energy's pink sheet expected returns. We can calculate the autocorrelation of Magnis Energy returns to help us make a trade decision. For example, suppose you find that Magnis Energy 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 |
Magnis Energy 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 Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magnis Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magnis Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Magnis Energy Lagged Returns
When evaluating Magnis Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magnis Energy pink sheet have on its future price. Magnis Energy 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 Energy autocorrelation shows the relationship between Magnis Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Magnis Energy Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Magnis Pink Sheet
Magnis Energy financial ratios help investors to determine whether Magnis 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 Magnis with respect to the benefits of owning Magnis Energy security.