Meridian Mining Uk Stock Market Value
| MNO Stock | 0.76 0.01 1.33% |
| Symbol | Meridian |
Meridian Mining UK Price To Book Ratio
Meridian 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 Meridian 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 Meridian Mining.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Meridian Mining on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Meridian Mining UK or generate 0.0% return on investment in Meridian Mining over 90 days. Meridian Mining is related to or competes with Fireweed Zinc, Guanajuato Silver, Magna Mining, and Troilus Gold. Meridian Mining is entity of Canada. It is traded as Stock on TO exchange. More
Meridian 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 Meridian 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 Meridian Mining UK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.0594 | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.71 |
Meridian Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meridian Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meridian Mining's standard deviation. In reality, there are many statistical measures that can use Meridian Mining historical prices to predict the future Meridian Mining's volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.2956 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0519 | |||
| Treynor Ratio | 1.27 |
Meridian Mining UK Backtested Returns
Meridian Mining appears to be extremely dangerous, given 3 months investment horizon. Meridian Mining UK has Sharpe Ratio of 0.0958, which conveys that the firm had a 0.0958 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Meridian Mining, which you can use to evaluate the volatility of the firm. Please exercise Meridian Mining's Mean Deviation of 2.5, downside deviation of 3.83, and Risk Adjusted Performance of 0.102 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meridian Mining holds a performance score of 7. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Meridian Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Meridian Mining is expected to be smaller as well. Please check Meridian Mining's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Meridian Mining's current price movements will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Meridian Mining UK has insignificant reverse predictability. Overlapping area represents the amount of predictability between Meridian Mining time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th 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 Meridian Mining UK price movement. The serial correlation of -0.19 indicates that over 19.0% of current Meridian Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Meridian Mining UK lagged returns against current returns
Autocorrelation, which is Meridian 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 Meridian Mining's stock expected returns. We can calculate the autocorrelation of Meridian Mining returns to help us make a trade decision. For example, suppose you find that Meridian 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 |
Meridian 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 Meridian Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meridian Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meridian Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Meridian Mining Lagged Returns
When evaluating Meridian Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meridian Mining stock have on its future price. Meridian 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, Meridian Mining autocorrelation shows the relationship between Meridian Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Meridian Mining UK.
Regressed Prices |
| Timeline |
Pair Trading with Meridian Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Meridian Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Meridian Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Meridian Stock
Moving against Meridian Stock
The ability to find closely correlated positions to Meridian Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Meridian Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Meridian Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Meridian Mining UK to buy it.
The correlation of Meridian Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Meridian Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meridian Mining UK moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Meridian Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Meridian Stock
Meridian Mining financial ratios help investors to determine whether Meridian 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 Meridian with respect to the benefits of owning Meridian Mining security.