Metalla Royalty (Germany) Market Value

X9C Stock  EUR 2.50  0.16  6.02%   
Metalla Royalty's market value is the price at which a share of Metalla Royalty trades on a public exchange. It measures the collective expectations of Metalla Royalty Streaming investors about its performance. Metalla Royalty is trading at 2.50 as of the 23rd of December 2024. This is a 6.02 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.44.
With this module, you can estimate the performance of a buy and hold strategy of Metalla Royalty Streaming and determine expected loss or profit from investing in Metalla Royalty over a given investment horizon. Check out Metalla Royalty Correlation, Metalla Royalty Volatility and Metalla Royalty Alpha and Beta module to complement your research on Metalla Royalty.
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Please note, there is a significant difference between Metalla Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Metalla Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Metalla Royalty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Metalla Royalty '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 Metalla Royalty'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 Metalla Royalty.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
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If you would invest  0.00  in Metalla Royalty on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Metalla Royalty Streaming or generate 0.0% return on investment in Metalla Royalty over 30 days. Metalla Royalty is related to or competes with Fresnillo Plc, NEW PACIFIC, THARISA NON, SYLVANIA PLAT, ALLIANZ TECHNOTRLS. Metalla Royalty Streaming Ltd., a precious metals royalty and streaming company, engages in the acquisition and manageme... More

Metalla Royalty 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 Metalla Royalty'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 Metalla Royalty Streaming upside and downside potential and time the market with a certain degree of confidence.

Metalla Royalty Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Metalla Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metalla Royalty's standard deviation. In reality, there are many statistical measures that can use Metalla Royalty historical prices to predict the future Metalla Royalty's volatility.
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0.132.506.15
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0.122.376.02
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Metalla Royalty Streaming Backtested Returns

Metalla Royalty Streaming has Sharpe Ratio of -0.0416, which conveys that the firm had a -0.0416% return per unit of risk over the last 3 months. Metalla Royalty exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metalla Royalty's Standard Deviation of 3.65, risk adjusted performance of (0.03), and Mean Deviation of 2.62 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0686, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Metalla Royalty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metalla Royalty is expected to be smaller as well. At this point, Metalla Royalty Streaming has a negative expected return of -0.15%. Please make sure to verify Metalla Royalty's accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Metalla Royalty Streaming performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.80  

Very good predictability

Metalla Royalty Streaming has very good predictability. Overlapping area represents the amount of predictability between Metalla Royalty time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Metalla Royalty Streaming price movement. The serial correlation of 0.8 indicates that around 80.0% of current Metalla Royalty price fluctuation can be explain by its past prices.
Correlation Coefficient0.8
Spearman Rank Test0.76
Residual Average0.0
Price Variance0.0

Metalla Royalty Streaming lagged returns against current returns

Autocorrelation, which is Metalla Royalty 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 Metalla Royalty's stock expected returns. We can calculate the autocorrelation of Metalla Royalty returns to help us make a trade decision. For example, suppose you find that Metalla Royalty 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   
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Metalla Royalty 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 Metalla Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metalla Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metalla Royalty stock over time.
   Current vs Lagged Prices   
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Metalla Royalty Lagged Returns

When evaluating Metalla Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metalla Royalty stock have on its future price. Metalla Royalty 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, Metalla Royalty autocorrelation shows the relationship between Metalla Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Metalla Royalty Streaming.
   Regressed Prices   
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Additional Information and Resources on Investing in Metalla Stock

When determining whether Metalla Royalty Streaming offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Metalla Royalty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Metalla Royalty Streaming Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Metalla Royalty Streaming Stock:
Check out Metalla Royalty Correlation, Metalla Royalty Volatility and Metalla Royalty Alpha and Beta module to complement your research on Metalla Royalty.
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Metalla Royalty technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Metalla Royalty technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Metalla Royalty trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...