Madoro Metals Corp Stock Market Value
| MDM Stock | CAD 0.03 0.01 50.00% |
| Symbol | Madoro |
Madoro Metals '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 Madoro Metals' 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 Madoro Metals.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Madoro Metals on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Madoro Metals Corp or generate 0.0% return on investment in Madoro Metals over 30 days. Madoro Metals is related to or competes with NorthIsle Copper. Madoro Metals Corp., a precious metals company, engages in the acquisition, exploration, and development of mineral prop... More
Madoro Metals 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 Madoro Metals' 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 Madoro Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 83.33 |
Madoro Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madoro Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Madoro Metals' standard deviation. In reality, there are many statistical measures that can use Madoro Metals historical prices to predict the future Madoro Metals' volatility.| Risk Adjusted Performance | 0.0391 | |||
| Jensen Alpha | 0.4478 | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.6134 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Madoro Metals' 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.
Madoro Metals Corp Backtested Returns
Madoro Metals appears to be out of control, given 3 months investment horizon. Madoro Metals Corp has Sharpe Ratio of 0.0491, which conveys that the firm had a 0.0491% return per unit of risk over the last 3 months. By analyzing Madoro Metals' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Madoro Metals' Standard Deviation of 10.53, mean deviation of 3.0, and Risk Adjusted Performance of 0.0391 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Madoro Metals holds a performance score of 3. The company secures a Beta (Market Risk) of 0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Madoro Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Madoro Metals is expected to be smaller as well. Please check Madoro Metals' information ratio, as well as the relationship between the kurtosis and day median price , to make a quick decision on whether Madoro Metals' current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Madoro Metals Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Madoro Metals time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Madoro Metals Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Madoro Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Madoro Metals Corp lagged returns against current returns
Autocorrelation, which is Madoro Metals 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 Madoro Metals' stock expected returns. We can calculate the autocorrelation of Madoro Metals returns to help us make a trade decision. For example, suppose you find that Madoro Metals 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 |
Madoro Metals 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 Madoro Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Madoro Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Madoro Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Madoro Metals Lagged Returns
When evaluating Madoro Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Madoro Metals stock have on its future price. Madoro Metals 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, Madoro Metals autocorrelation shows the relationship between Madoro Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Madoro Metals Corp.
Regressed Prices |
| Timeline |
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Complementary Tools for Madoro Stock analysis
When running Madoro Metals' price analysis, check to measure Madoro Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Madoro Metals is operating at the current time. Most of Madoro Metals' value examination focuses on studying past and present price action to predict the probability of Madoro Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Madoro Metals' price. Additionally, you may evaluate how the addition of Madoro Metals to your portfolios can decrease your overall portfolio volatility.
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Madoro Metals 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.