Maxim Power Corp Stock Market Value
| MXG Stock | CAD 5.08 0.03 0.59% |
| Symbol | Maxim |
Maxim Power Corp Price To Book Ratio
Maxim Power '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 Maxim Power'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 Maxim Power.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Maxim Power on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Maxim Power Corp or generate 0.0% return on investment in Maxim Power over 720 days. Maxim Power is related to or competes with Caldwell Partners, Chesswood Group, Mccoy Global, Pulse Seismic, and Currency Exchange. Maxim Power Corp., an independent power producer, acquires, develops, owns, and operates power and power related project... More
Maxim Power 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 Maxim Power'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 Maxim Power Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.2211 | |||
| Maximum Drawdown | 16.87 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 5.66 |
Maxim Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maxim Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maxim Power's standard deviation. In reality, there are many statistical measures that can use Maxim Power historical prices to predict the future Maxim Power's volatility.| Risk Adjusted Performance | 0.1918 | |||
| Jensen Alpha | 0.605 | |||
| Total Risk Alpha | 0.5284 | |||
| Sortino Ratio | 0.3044 | |||
| Treynor Ratio | (4.19) |
Maxim Power Corp Backtested Returns
Maxim Power appears to be slightly risky, given 3 months investment horizon. Maxim Power Corp has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing Maxim Power's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please exercise Maxim Power's Mean Deviation of 1.62, downside deviation of 1.9, and Risk Adjusted Performance of 0.1918 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maxim Power holds a performance score of 17. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Maxim Power are expected to decrease at a much lower rate. During the bear market, Maxim Power is likely to outperform the market. Please check Maxim Power's kurtosis, and the relationship between the downside variance and day median price , to make a quick decision on whether Maxim Power's current price movements will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Maxim Power Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Maxim Power 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 Maxim Power Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Maxim Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Maxim Power Corp lagged returns against current returns
Autocorrelation, which is Maxim Power 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 Maxim Power's stock expected returns. We can calculate the autocorrelation of Maxim Power returns to help us make a trade decision. For example, suppose you find that Maxim Power 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 |
Maxim Power 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 Maxim Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maxim Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maxim Power stock over time.
Current vs Lagged Prices |
| Timeline |
Maxim Power Lagged Returns
When evaluating Maxim Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maxim Power stock have on its future price. Maxim Power 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, Maxim Power autocorrelation shows the relationship between Maxim Power stock current value and its past values and can show if there is a momentum factor associated with investing in Maxim Power Corp.
Regressed Prices |
| Timeline |
Pair Trading with Maxim Power
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 Maxim Power 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 Maxim Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Maxim Stock
Moving against Maxim Stock
| 0.94 | VCM | Vecima Networks | PairCorr |
| 0.58 | MOX | Morien Resources Corp | PairCorr |
| 0.42 | CNQ | Canadian Natural Res | PairCorr |
| 0.39 | ASM | Avino Silver Gold | PairCorr |
The ability to find closely correlated positions to Maxim Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maxim Power 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 Maxim Power - 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 Maxim Power Corp to buy it.
The correlation of Maxim Power 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 Maxim Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maxim Power Corp 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 Maxim Power 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 Maxim Stock
Maxim Power financial ratios help investors to determine whether Maxim 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 Maxim with respect to the benefits of owning Maxim Power security.