Microchip Technology (UK) Market Value
| 0K19 Stock | 68.04 0.60 0.87% |
| Symbol | Microchip |
Microchip Technology '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 Microchip Technology'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 Microchip Technology.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Microchip Technology on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Microchip Technology or generate 0.0% return on investment in Microchip Technology over 180 days. Microchip Technology is related to or competes with Lendinvest PLC, Neometals, Coor Service, Albion Technology, Jupiter Fund, JPMorgan ETFs, and Fidelity Sustainable. Microchip Technology is entity of United Kingdom More
Microchip Technology 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 Microchip Technology'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 Microchip Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.03 |
Microchip Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Microchip Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Microchip Technology's standard deviation. In reality, there are many statistical measures that can use Microchip Technology historical prices to predict the future Microchip Technology's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.17) |
Microchip Technology Backtested Returns
Microchip Technology 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. Microchip Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Microchip Technology's Mean Deviation of 1.86, risk adjusted performance of (0.06), and Standard Deviation of 2.4 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.28, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Microchip Technology will likely underperform. At this point, Microchip Technology has a negative expected return of -0.25%. Please make sure to verify Microchip Technology's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Microchip Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Microchip Technology has good predictability. Overlapping area represents the amount of predictability between Microchip Technology time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 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 Microchip Technology price movement. The serial correlation of 0.66 indicates that around 66.0% of current Microchip Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 20.47 |
Microchip Technology lagged returns against current returns
Autocorrelation, which is Microchip Technology 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 Microchip Technology's stock expected returns. We can calculate the autocorrelation of Microchip Technology returns to help us make a trade decision. For example, suppose you find that Microchip Technology 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 |
Microchip Technology 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 Microchip Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Microchip Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Microchip Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Microchip Technology Lagged Returns
When evaluating Microchip Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Microchip Technology stock have on its future price. Microchip Technology 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, Microchip Technology autocorrelation shows the relationship between Microchip Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Microchip Technology.
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 Microchip Stock Analysis
When running Microchip Technology's price analysis, check to measure Microchip Technology'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 Microchip Technology is operating at the current time. Most of Microchip Technology's value examination focuses on studying past and present price action to predict the probability of Microchip Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Microchip Technology's price. Additionally, you may evaluate how the addition of Microchip Technology to your portfolios can decrease your overall portfolio volatility.