MERCK Kommanditgesells (UK) Market Value
| 0O14 Stock | 141.60 0.28 0.20% |
| Symbol | MERCK |
MERCK Kommanditgesells '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 MERCK Kommanditgesells' 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 MERCK Kommanditgesells.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in MERCK Kommanditgesells on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding MERCK Kommanditgesellschaft auf or generate 0.0% return on investment in MERCK Kommanditgesells over 90 days. MERCK Kommanditgesells is related to or competes with Ross Stores, Axfood AB, Supermarket Income, Sligro Food, Evolution Gaming, Global Net, and Molson Coors. More
MERCK Kommanditgesells 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 MERCK Kommanditgesells' 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 MERCK Kommanditgesellschaft auf upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 1.84 |
MERCK Kommanditgesells Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MERCK Kommanditgesells' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MERCK Kommanditgesells' standard deviation. In reality, there are many statistical measures that can use MERCK Kommanditgesells historical prices to predict the future MERCK Kommanditgesells' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (1.28) |
MERCK Kommanditgesells Backtested Returns
MERCK Kommanditgesells has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19% return per unit of volatility over the last 3 months. MERCK Kommanditgesells exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MERCK Kommanditgesells' risk adjusted performance of (0.15), and Mean Deviation of 1.08 to check out the risk estimate we provide. 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, MERCK Kommanditgesells' returns are expected to increase less than the market. However, during the bear market, the loss of holding MERCK Kommanditgesells is expected to be smaller as well. At this point, MERCK Kommanditgesells has a negative expected return of -0.31%. Please make sure to verify MERCK Kommanditgesells' jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if MERCK Kommanditgesells performance from the past will be repeated at future time.
Auto-correlation | 0.81 |
Very good predictability
MERCK Kommanditgesellschaft auf has very good predictability. Overlapping area represents the amount of predictability between MERCK Kommanditgesells time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 MERCK Kommanditgesells price movement. The serial correlation of 0.81 indicates that around 81.0% of current MERCK Kommanditgesells price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 60.5 |
MERCK Kommanditgesells lagged returns against current returns
Autocorrelation, which is MERCK Kommanditgesells 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 MERCK Kommanditgesells' stock expected returns. We can calculate the autocorrelation of MERCK Kommanditgesells returns to help us make a trade decision. For example, suppose you find that MERCK Kommanditgesells 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 |
MERCK Kommanditgesells 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 MERCK Kommanditgesells stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MERCK Kommanditgesells stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MERCK Kommanditgesells stock over time.
Current vs Lagged Prices |
| Timeline |
MERCK Kommanditgesells Lagged Returns
When evaluating MERCK Kommanditgesells' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MERCK Kommanditgesells stock have on its future price. MERCK Kommanditgesells 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, MERCK Kommanditgesells autocorrelation shows the relationship between MERCK Kommanditgesells stock current value and its past values and can show if there is a momentum factor associated with investing in MERCK Kommanditgesellschaft auf.
Regressed Prices |
| Timeline |
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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 MERCK Stock Analysis
When running MERCK Kommanditgesells' price analysis, check to measure MERCK Kommanditgesells' 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 MERCK Kommanditgesells is operating at the current time. Most of MERCK Kommanditgesells' value examination focuses on studying past and present price action to predict the probability of MERCK Kommanditgesells' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MERCK Kommanditgesells' price. Additionally, you may evaluate how the addition of MERCK Kommanditgesells to your portfolios can decrease your overall portfolio volatility.