Mineral Resources 8125 Market Value
| 603051AA1 | 98.52 2.02 2.01% |
| Symbol | Mineral |
Mineral '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 Mineral's bond 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 Mineral.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Mineral on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Mineral Resources 8125 or generate 0.0% return on investment in Mineral over 30 days. Mineral is related to or competes with Anheuser Busch, Ambev SA, National Beverage, NETGEAR, Stratasys, and Anterix. More
Mineral 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 Mineral's bond 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 Mineral Resources 8125 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 2.47 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.4781 |
Mineral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mineral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mineral's standard deviation. In reality, there are many statistical measures that can use Mineral historical prices to predict the future Mineral's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.53) |
Mineral Resources 8125 Backtested Returns
Mineral Resources 8125 has Sharpe Ratio of -0.12, which conveys that the entity had a -0.12% return per unit of risk over the last 3 months. Mineral exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mineral's Risk Adjusted Performance of (0.07), standard deviation of 0.3807, and Mean Deviation of 0.2382 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.026, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mineral's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mineral is expected to be smaller as well.
Auto-correlation | 0.07 |
Virtually no predictability
Mineral Resources 8125 has virtually no predictability. Overlapping area represents the amount of predictability between Mineral time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Mineral Resources 8125 price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Mineral price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Mineral Resources 8125 lagged returns against current returns
Autocorrelation, which is Mineral bond'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 Mineral's bond expected returns. We can calculate the autocorrelation of Mineral returns to help us make a trade decision. For example, suppose you find that Mineral has exhibited high autocorrelation historically, and you observe that the bond 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 |
Mineral 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 Mineral bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mineral bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mineral bond over time.
Current vs Lagged Prices |
| Timeline |
Mineral Lagged Returns
When evaluating Mineral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mineral bond have on its future price. Mineral 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, Mineral autocorrelation shows the relationship between Mineral bond current value and its past values and can show if there is a momentum factor associated with investing in Mineral Resources 8125.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mineral Bond
Mineral financial ratios help investors to determine whether Mineral Bond 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 Mineral with respect to the benefits of owning Mineral security.