Mako Mining Corp Stock Market Value
| MKO Stock | CAD 3.20 0.07 2.14% |
| Symbol | Mako |
Mako Mining Corp Price To Book Ratio
Mako Mining '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 Mako Mining'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 Mako Mining.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Mako Mining on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mako Mining Corp or generate 0.0% return on investment in Mako Mining over 30 days. Mako Mining is related to or competes with Thor Explorations, K2 Gold, and Loncor Resources. Mako Mining Corp. acquires and explores for mineral properties in Nicaragua and Mexico More
Mako Mining 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 Mako Mining'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 Mako Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.37 | |||
| Information Ratio | 0.1068 | |||
| Maximum Drawdown | 22.49 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 7.92 |
Mako Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mako Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mako Mining's standard deviation. In reality, there are many statistical measures that can use Mako Mining historical prices to predict the future Mako Mining's volatility.| Risk Adjusted Performance | 0.0889 | |||
| Jensen Alpha | 0.5739 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1061 | |||
| Treynor Ratio | (1.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mako Mining's 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.
Mako Mining Corp Backtested Returns
Mako Mining appears to be very risky, given 3 months investment horizon. Mako Mining Corp has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Mako Mining's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Mako Mining's Downside Deviation of 4.37, risk adjusted performance of 0.0889, and Mean Deviation of 2.85 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mako Mining holds a performance score of 9. The company secures a Beta (Market Risk) of -0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mako Mining are expected to decrease at a much lower rate. During the bear market, Mako Mining is likely to outperform the market. Please check Mako Mining's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Mako Mining's current price movements will revert.
Auto-correlation | 0.31 |
Below average predictability
Mako Mining Corp has below average predictability. Overlapping area represents the amount of predictability between Mako Mining time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Mako Mining Corp price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Mako Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mako Mining Corp lagged returns against current returns
Autocorrelation, which is Mako Mining 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 Mako Mining's stock expected returns. We can calculate the autocorrelation of Mako Mining returns to help us make a trade decision. For example, suppose you find that Mako Mining 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 |
Mako Mining 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 Mako Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mako Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mako Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Mako Mining Lagged Returns
When evaluating Mako Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mako Mining stock have on its future price. Mako Mining 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, Mako Mining autocorrelation shows the relationship between Mako Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Mako Mining Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mako Mining in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mako Mining's short interest history, or implied volatility extrapolated from Mako Mining options trading.
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Complementary Tools for Mako Stock analysis
When running Mako Mining's price analysis, check to measure Mako Mining's 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 Mako Mining is operating at the current time. Most of Mako Mining's value examination focuses on studying past and present price action to predict the probability of Mako Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mako Mining's price. Additionally, you may evaluate how the addition of Mako Mining to your portfolios can decrease your overall portfolio volatility.
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Mako Mining 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.