Minnova Corp Stock Market Value
| MCI Stock | CAD 0.06 0.01 14.29% |
| Symbol | Minnova |
Minnova Corp Price To Book Ratio
Minnova Corp '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 Minnova Corp'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 Minnova Corp.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Minnova Corp on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Minnova Corp or generate 0.0% return on investment in Minnova Corp over 90 days. Minnova Corp is related to or competes with Montero Mining, Magnum Goldcorp, Lupaka Gold, and Maritime Resources. It holds 100 percent interests in the PL Gold mine and the Nokomis property in Peru More
Minnova Corp 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 Minnova Corp'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 Minnova Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.17 | |||
| Information Ratio | 0.0625 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Minnova Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minnova Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minnova Corp's standard deviation. In reality, there are many statistical measures that can use Minnova Corp historical prices to predict the future Minnova Corp's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.8142 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.039 | |||
| Treynor Ratio | (1.91) |
Minnova Corp Backtested Returns
Minnova Corp appears to be out of control, given 3 months investment horizon. Minnova Corp has Sharpe Ratio of 0.0765, which conveys that the firm had a 0.0765 % return per unit of risk over the last 3 months. By analyzing Minnova Corp's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise Minnova Corp's Downside Deviation of 16.17, mean deviation of 6.39, and Risk Adjusted Performance of 0.0804 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Minnova Corp holds a performance score of 6. The company secures a Beta (Market Risk) of -0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Minnova Corp are expected to decrease at a much lower rate. During the bear market, Minnova Corp is likely to outperform the market. Please check Minnova Corp's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Minnova Corp's current price movements will revert.
Auto-correlation | 0.62 |
Good predictability
Minnova Corp has good predictability. Overlapping area represents the amount of predictability between Minnova Corp time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Minnova Corp price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Minnova Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Minnova Corp lagged returns against current returns
Autocorrelation, which is Minnova Corp 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 Minnova Corp's stock expected returns. We can calculate the autocorrelation of Minnova Corp returns to help us make a trade decision. For example, suppose you find that Minnova Corp 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 |
Minnova Corp 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 Minnova Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minnova Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minnova Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Minnova Corp Lagged Returns
When evaluating Minnova Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minnova Corp stock have on its future price. Minnova Corp 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, Minnova Corp autocorrelation shows the relationship between Minnova Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Minnova Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Minnova Stock Analysis
When running Minnova Corp's price analysis, check to measure Minnova Corp'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 Minnova Corp is operating at the current time. Most of Minnova Corp's value examination focuses on studying past and present price action to predict the probability of Minnova Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minnova Corp's price. Additionally, you may evaluate how the addition of Minnova Corp to your portfolios can decrease your overall portfolio volatility.