Matador Mining Limited Stock Market Value
| MZZMF Stock | USD 0.04 0.01 27.98% |
| Symbol | Matador |
Matador 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 Matador Mining's otc 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 Matador Mining.
| 05/27/2024 |
| 06/26/2024 |
If you would invest 0.00 in Matador Mining on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Matador Mining Limited or generate 0.0% return on investment in Matador Mining over 30 days. Matador Mining is related to or competes with Galiano Gold, ABIVAX Société, SCOR PK, Thrivent High, Morningstar Unconstrained, Via Renewables, and T Rowe. Matador Mining Limited engages in the mining and mineral exploration activities More
Matador 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 Matador Mining's otc 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 Matador Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.5 | |||
| Information Ratio | 0.1237 | |||
| Maximum Drawdown | 133.63 | |||
| Value At Risk | (26.67) | |||
| Potential Upside | 27.91 |
Matador Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matador Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matador Mining's standard deviation. In reality, there are many statistical measures that can use Matador Mining historical prices to predict the future Matador Mining's volatility.| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 2.79 | |||
| Total Risk Alpha | 3.52 | |||
| Sortino Ratio | 0.1289 | |||
| Treynor Ratio | 0.2672 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Matador 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.
Matador Mining Backtested Returns
Matador Mining is out of control given 3 months investment horizon. Matador Mining has Sharpe Ratio of 0.0612, which conveys that the firm had a 0.0612% return per unit of risk over the last 3 months. We have collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use Matador Mining Risk Adjusted Performance of 0.0903, mean deviation of 11.31, and Downside Deviation of 19.5 to evaluate company specific risk that cannot be diversified away. Matador Mining holds a performance score of 4 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 9.28, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Matador Mining will likely underperform. Use Matador Mining potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Matador Mining.
Auto-correlation | -0.25 |
Weak reverse predictability
Matador Mining Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Matador Mining time series from 27th of May 2024 to 11th of June 2024 and 11th of June 2024 to 26th 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 Matador Mining price movement. The serial correlation of -0.25 indicates that over 25.0% of current Matador Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Matador Mining lagged returns against current returns
Autocorrelation, which is Matador Mining otc 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 Matador Mining's otc stock expected returns. We can calculate the autocorrelation of Matador Mining returns to help us make a trade decision. For example, suppose you find that Matador Mining has exhibited high autocorrelation historically, and you observe that the otc 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 |
Matador 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 Matador Mining otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matador Mining otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matador Mining otc stock over time.
Current vs Lagged Prices |
| Timeline |
Matador Mining Lagged Returns
When evaluating Matador Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matador Mining otc stock have on its future price. Matador 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, Matador Mining autocorrelation shows the relationship between Matador Mining otc stock current value and its past values and can show if there is a momentum factor associated with investing in Matador Mining Limited.
Regressed Prices |
| Timeline |
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Other Information on Investing in Matador OTC Stock
Matador Mining financial ratios help investors to determine whether Matador OTC Stock 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 Matador with respect to the benefits of owning Matador Mining security.