Minco Silver Stock Market Value
| MSV Stock | CAD 0.19 0.01 5.00% |
| Symbol | Minco |
Minco Silver Price To Book Ratio
Minco Silver '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 Minco Silver'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 Minco Silver.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Minco Silver on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Minco Silver or generate 0.0% return on investment in Minco Silver over 210 days. Minco Silver is related to or competes with Algoma Steel, Champion Iron, European Residential, Financial, Rubicon Organics, Linamar, and Amazon CDR. Minco Silver Corporation, a development stage company, engages in the acquisition, exploration, development, and mainten... More
Minco Silver 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 Minco Silver'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 Minco Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.39 | |||
| Information Ratio | 0.009 | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
Minco Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minco Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minco Silver's standard deviation. In reality, there are many statistical measures that can use Minco Silver historical prices to predict the future Minco Silver's volatility.| Risk Adjusted Performance | 0.039 | |||
| Jensen Alpha | 0.0563 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0062 | |||
| Treynor Ratio | 0.1923 |
Minco Silver Backtested Returns
Minco Silver appears to be out of control, given 3 months investment horizon. Minco Silver has Sharpe Ratio of 0.0611, which conveys that the firm had a 0.0611% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Minco Silver, which you can use to evaluate the volatility of the firm. Please exercise Minco Silver's Downside Deviation of 6.39, mean deviation of 2.99, and Risk Adjusted Performance of 0.039 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Minco Silver holds a performance score of 4. The company secures a Beta (Market Risk) of 0.87, which conveys possible diversification benefits within a given portfolio. Minco Silver returns are very sensitive to returns on the market. As the market goes up or down, Minco Silver is expected to follow. Please check Minco Silver's treynor ratio and the relationship between the downside variance and day typical price , to make a quick decision on whether Minco Silver's current price movements will revert.
Auto-correlation | -0.58 |
Good reverse predictability
Minco Silver has good reverse predictability. Overlapping area represents the amount of predictability between Minco Silver time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Minco Silver price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Minco Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Minco Silver lagged returns against current returns
Autocorrelation, which is Minco Silver 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 Minco Silver's stock expected returns. We can calculate the autocorrelation of Minco Silver returns to help us make a trade decision. For example, suppose you find that Minco Silver 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 |
Minco Silver 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 Minco Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minco Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minco Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Minco Silver Lagged Returns
When evaluating Minco Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minco Silver stock have on its future price. Minco Silver 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, Minco Silver autocorrelation shows the relationship between Minco Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Minco Silver.
Regressed Prices |
| Timeline |
Pair Trading with Minco Silver
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Minco Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Minco Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Minco Stock
Moving against Minco Stock
The ability to find closely correlated positions to Minco Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Minco Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Minco Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Minco Silver to buy it.
The correlation of Minco Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Minco Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Minco Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Minco Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Minco Stock
Minco Silver financial ratios help investors to determine whether Minco 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 Minco with respect to the benefits of owning Minco Silver security.