Manganese X Energy Stock Market Value
| MNXXF Stock | USD 0.03 0.01 22.22% |
| Symbol | Manganese |
Manganese '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 Manganese's otc 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 Manganese.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Manganese on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Manganese X Energy or generate 0.0% return on investment in Manganese over 30 days. Manganese is related to or competes with Electra Battery, Lithium Americas, and Mundoro Capital. Manganese X Energy Corp. engages in the acquisition and development of mineral properties in Canada More
Manganese 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 Manganese's otc 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 Manganese X Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.24 | |||
| Information Ratio | 0.0033 | |||
| Maximum Drawdown | 65.4 | |||
| Value At Risk | (18.75) | |||
| Potential Upside | 16.67 |
Manganese Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manganese's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manganese's standard deviation. In reality, there are many statistical measures that can use Manganese historical prices to predict the future Manganese's volatility.| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | 0.2437 | |||
| Total Risk Alpha | (1.64) | |||
| Sortino Ratio | 0.0031 | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Manganese'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.
Manganese X Energy Backtested Returns
Manganese X Energy has Sharpe Ratio of -0.009, which conveys that the firm had a -0.009% return per unit of risk over the last 3 months. Manganese exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Manganese's Downside Deviation of 12.24, mean deviation of 8.26, and Risk Adjusted Performance of 0.0197 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.8, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Manganese are expected to decrease at a much lower rate. During the bear market, Manganese is likely to outperform the market. At this point, Manganese X Energy has a negative expected return of -0.0908%. Please make sure to verify Manganese's maximum drawdown and the relationship between the expected short fall and relative strength index , to decide if Manganese X Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Manganese X Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Manganese time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Manganese X Energy price movement. The serial correlation of -0.25 indicates that over 25.0% of current Manganese price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Manganese X Energy lagged returns against current returns
Autocorrelation, which is Manganese otc 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 Manganese's otc stock expected returns. We can calculate the autocorrelation of Manganese returns to help us make a trade decision. For example, suppose you find that Manganese has exhibited high autocorrelation historically, and you observe that the otc 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 |
Manganese 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 Manganese otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manganese otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manganese otc stock over time.
Current vs Lagged Prices |
| Timeline |
Manganese Lagged Returns
When evaluating Manganese's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manganese otc stock have on its future price. Manganese 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, Manganese autocorrelation shows the relationship between Manganese otc stock current value and its past values and can show if there is a momentum factor associated with investing in Manganese X Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Manganese OTC Stock
Manganese financial ratios help investors to determine whether Manganese OTC 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 Manganese with respect to the benefits of owning Manganese security.