Midnight Sun Mining Stock Market Value
| MMA Stock | CAD 0.67 0.04 6.35% |
| Symbol | Midnight |
Midnight Sun Mining Price To Book Ratio
Midnight Sun '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 Midnight Sun'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 Midnight Sun.
| 04/26/2025 |
| 07/25/2025 |
If you would invest 0.00 in Midnight Sun on April 26, 2025 and sell it all today you would earn a total of 0.00 from holding Midnight Sun Mining or generate 0.0% return on investment in Midnight Sun over 90 days. Midnight Sun is related to or competes with Magnum Goldcorp, and Lupaka Gold. Midnight Sun Mining Corp. acquires and explores for mineral properties in Africa More
Midnight Sun 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 Midnight Sun'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 Midnight Sun Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.73 | |||
| Information Ratio | 0.0684 | |||
| Maximum Drawdown | 18.52 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 8.0 |
Midnight Sun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midnight Sun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midnight Sun's standard deviation. In reality, there are many statistical measures that can use Midnight Sun historical prices to predict the future Midnight Sun's volatility.| Risk Adjusted Performance | 0.113 | |||
| Jensen Alpha | 0.3037 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | 0.5603 |
Midnight Sun Mining Backtested Returns
Midnight Sun appears to be abnormally volatile, given 3 months investment horizon. Midnight Sun Mining has Sharpe Ratio of 0.0855, which conveys that the firm had a 0.0855 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Midnight Sun, which you can use to evaluate the volatility of the firm. Please exercise Midnight Sun's Risk Adjusted Performance of 0.113, mean deviation of 3.33, and Downside Deviation of 3.73 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Midnight Sun holds a performance score of 6. The company secures a Beta (Market Risk) of 0.93, which conveys possible diversification benefits within a given portfolio. Midnight Sun returns are very sensitive to returns on the market. As the market goes up or down, Midnight Sun is expected to follow. Please check Midnight Sun's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Midnight Sun's current price movements will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Midnight Sun Mining has insignificant predictability. Overlapping area represents the amount of predictability between Midnight Sun time series from 26th of April 2025 to 10th of June 2025 and 10th of June 2025 to 25th 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 Midnight Sun Mining price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Midnight Sun price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Midnight Sun Mining lagged returns against current returns
Autocorrelation, which is Midnight Sun 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 Midnight Sun's stock expected returns. We can calculate the autocorrelation of Midnight Sun returns to help us make a trade decision. For example, suppose you find that Midnight Sun 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 |
Midnight Sun 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 Midnight Sun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midnight Sun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midnight Sun stock over time.
Current vs Lagged Prices |
| Timeline |
Midnight Sun Lagged Returns
When evaluating Midnight Sun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midnight Sun stock have on its future price. Midnight Sun 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, Midnight Sun autocorrelation shows the relationship between Midnight Sun stock current value and its past values and can show if there is a momentum factor associated with investing in Midnight Sun Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Midnight Stock Analysis
When running Midnight Sun's price analysis, check to measure Midnight Sun'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 Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.