Hannan Metals' market value is the price at which a share of Hannan Metals trades on a public exchange. It measures the collective expectations of Hannan Metals investors about its performance. Hannan Metals is trading at 0.63 as of the 28th of July 2025. This is a 1.56 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.62. With this module, you can estimate the performance of a buy and hold strategy of Hannan Metals and determine expected loss or profit from investing in Hannan Metals over a given investment horizon. Check out Hannan Metals Correlation, Hannan Metals Volatility and Hannan Metals Alpha and Beta module to complement your research on Hannan Metals.
Please note, there is a significant difference between Hannan Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hannan Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hannan Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hannan Metals '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 Hannan Metals' 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 Hannan Metals.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hannan Metals' 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 Hannan Metals upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hannan Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hannan Metals' standard deviation. In reality, there are many statistical measures that can use Hannan Metals historical prices to predict the future Hannan Metals' volatility.
Hannan Metals holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1 % return per unit of risk over the last 3 months. Hannan Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hannan Metals' Market Risk Adjusted Performance of (1.32), standard deviation of 5.64, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hannan Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hannan Metals is expected to be smaller as well. At this point, Hannan Metals has a negative expected return of -0.58%. Please make sure to check out Hannan Metals' value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Hannan Metals performance from the past will be repeated at some point in the near future.
Auto-correlation
0.21
Weak predictability
Hannan Metals has weak predictability. Overlapping area represents the amount of predictability between Hannan Metals time series from 29th of April 2025 to 13th of June 2025 and 13th of June 2025 to 28th 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 Hannan Metals price movement. The serial correlation of 0.21 indicates that over 21.0% of current Hannan Metals price fluctuation can be explain by its past prices.
Correlation Coefficient
0.21
Spearman Rank Test
-0.06
Residual Average
0.0
Price Variance
0.0
Hannan Metals lagged returns against current returns
Autocorrelation, which is Hannan Metals 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 Hannan Metals' pink sheet expected returns. We can calculate the autocorrelation of Hannan Metals returns to help us make a trade decision. For example, suppose you find that Hannan Metals 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
Hannan Metals 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 Hannan Metals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hannan Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hannan Metals pink sheet over time.
Current vs Lagged Prices
Timeline
Hannan Metals Lagged Returns
When evaluating Hannan Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hannan Metals pink sheet have on its future price. Hannan Metals 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, Hannan Metals autocorrelation shows the relationship between Hannan Metals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hannan Metals.
Other Information on Investing in Hannan Pink Sheet
Hannan Metals financial ratios help investors to determine whether Hannan Pink Sheet 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 Hannan with respect to the benefits of owning Hannan Metals security.