Mirasol Resources Stock Market Value
| MRZLF Stock | USD 0.35 0.02 5.41% |
| Symbol | Mirasol |
Mirasol Resources '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 Mirasol Resources' pink sheet 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 Mirasol Resources.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Mirasol Resources on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Mirasol Resources or generate 0.0% return on investment in Mirasol Resources over 90 days. Mirasol Resources is related to or competes with Aurelia Metals, Adriatic Metals, American Helium, and Amarc Resources. Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina More
Mirasol Resources 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 Mirasol Resources' pink sheet 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 Mirasol Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 23.64 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 7.14 |
Mirasol Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirasol Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirasol Resources' standard deviation. In reality, there are many statistical measures that can use Mirasol Resources historical prices to predict the future Mirasol Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mirasol Resources' 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.
Mirasol Resources Backtested Returns
Mirasol Resources has Sharpe Ratio of -0.0784, which conveys that the firm had a -0.0784% return per unit of risk over the last 3 months. Mirasol Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirasol Resources' Mean Deviation of 2.57, standard deviation of 4.08, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mirasol Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirasol Resources is expected to be smaller as well. Mirasol Resources has an expected return of -0.31%. Please make sure to verify Mirasol Resources total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Mirasol Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Mirasol Resources has virtually no predictability. Overlapping area represents the amount of predictability between Mirasol Resources time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Mirasol Resources price movement. The serial correlation of 0.01 indicates that just 1.0% of current Mirasol Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mirasol Resources lagged returns against current returns
Autocorrelation, which is Mirasol Resources pink sheet'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 Mirasol Resources' pink sheet expected returns. We can calculate the autocorrelation of Mirasol Resources returns to help us make a trade decision. For example, suppose you find that Mirasol Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Mirasol Resources 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 Mirasol Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirasol Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirasol Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mirasol Resources Lagged Returns
When evaluating Mirasol Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirasol Resources pink sheet have on its future price. Mirasol Resources 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, Mirasol Resources autocorrelation shows the relationship between Mirasol Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mirasol Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Mirasol Resources Correlation, Mirasol Resources Volatility and Mirasol Resources Alpha and Beta module to complement your research on Mirasol Resources. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Mirasol Pink Sheet analysis
When running Mirasol Resources' price analysis, check to measure Mirasol Resources' 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 Mirasol Resources is operating at the current time. Most of Mirasol Resources' value examination focuses on studying past and present price action to predict the probability of Mirasol Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirasol Resources' price. Additionally, you may evaluate how the addition of Mirasol Resources to your portfolios can decrease your overall portfolio volatility.
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Mirasol Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.