Mynaric AG (UK) Market Value
| 0AR9 Stock | 5.02 0.10 1.95% |
| Symbol | Mynaric |
Mynaric AG '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 Mynaric AG'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 Mynaric AG.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Mynaric AG on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Mynaric AG or generate 0.0% return on investment in Mynaric AG over 90 days. Mynaric AG is related to or competes with Gamma Communications, Smithson Investment, Team Internet, Schroders Investment, Verizon Communications, Cairo Communication, and Fortune Brands. Mynaric AG is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Mynaric AG 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 Mynaric AG'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 Mynaric AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.21 | |||
| Information Ratio | 0.1048 | |||
| Maximum Drawdown | 37.54 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 9.09 |
Mynaric AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mynaric AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mynaric AG's standard deviation. In reality, there are many statistical measures that can use Mynaric AG historical prices to predict the future Mynaric AG's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.6023 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.1443 | |||
| Treynor Ratio | 0.7053 |
Mynaric AG Backtested Returns
Mynaric AG appears to be very risky, given 3 months investment horizon. Mynaric AG has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Mynaric AG's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please exercise Mynaric AG's Downside Deviation of 4.21, risk adjusted performance of 0.107, and Mean Deviation of 3.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mynaric AG holds a performance score of 9. The company secures a Beta (Market Risk) of 1.04, which conveys a somewhat significant risk relative to the market. Mynaric AG returns are very sensitive to returns on the market. As the market goes up or down, Mynaric AG is expected to follow. Please check Mynaric AG's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Mynaric AG's current price movements will revert.
Auto-correlation | 0.64 |
Good predictability
Mynaric AG has good predictability. Overlapping area represents the amount of predictability between Mynaric AG time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Mynaric AG price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Mynaric AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Mynaric AG lagged returns against current returns
Autocorrelation, which is Mynaric AG 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 Mynaric AG's stock expected returns. We can calculate the autocorrelation of Mynaric AG returns to help us make a trade decision. For example, suppose you find that Mynaric AG 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 |
Mynaric AG 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 Mynaric AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mynaric AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mynaric AG stock over time.
Current vs Lagged Prices |
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Mynaric AG Lagged Returns
When evaluating Mynaric AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mynaric AG stock have on its future price. Mynaric AG 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, Mynaric AG autocorrelation shows the relationship between Mynaric AG stock current value and its past values and can show if there is a momentum factor associated with investing in Mynaric AG.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Mynaric Stock Analysis
When running Mynaric AG's price analysis, check to measure Mynaric AG'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 Mynaric AG is operating at the current time. Most of Mynaric AG's value examination focuses on studying past and present price action to predict the probability of Mynaric AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mynaric AG's price. Additionally, you may evaluate how the addition of Mynaric AG to your portfolios can decrease your overall portfolio volatility.