MITSUBISHI KAKOKI (Germany) Market Value
| 893 Stock | EUR 19.60 0.30 1.51% |
| Symbol | MITSUBISHI |
MITSUBISHI KAKOKI '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 MITSUBISHI KAKOKI'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 MITSUBISHI KAKOKI.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in MITSUBISHI KAKOKI on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding MITSUBISHI KAKOKI or generate 0.0% return on investment in MITSUBISHI KAKOKI over 30 days. MITSUBISHI KAKOKI is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Mitsubishi Kakoki Kaisha, Ltd. engages in the engineering and construction of various industrial and chemical plants and... More
MITSUBISHI KAKOKI 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 MITSUBISHI KAKOKI'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 MITSUBISHI KAKOKI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.81 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 2.88 |
MITSUBISHI KAKOKI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MITSUBISHI KAKOKI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MITSUBISHI KAKOKI's standard deviation. In reality, there are many statistical measures that can use MITSUBISHI KAKOKI historical prices to predict the future MITSUBISHI KAKOKI's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.10) |
MITSUBISHI KAKOKI Backtested Returns
MITSUBISHI KAKOKI has Sharpe Ratio of -0.0512, which conveys that the firm had a -0.0512% return per unit of standard deviation over the last 3 months. MITSUBISHI KAKOKI exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MITSUBISHI KAKOKI's Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.09), and Mean Deviation of 1.4 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MITSUBISHI KAKOKI's returns are expected to increase less than the market. However, during the bear market, the loss of holding MITSUBISHI KAKOKI is expected to be smaller as well. At this point, MITSUBISHI KAKOKI has a negative expected return of -0.11%. Please make sure to verify MITSUBISHI KAKOKI's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if MITSUBISHI KAKOKI performance from the past will be repeated at future time.
Auto-correlation | 0.03 |
Virtually no predictability
MITSUBISHI KAKOKI has virtually no predictability. Overlapping area represents the amount of predictability between MITSUBISHI KAKOKI time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 MITSUBISHI KAKOKI price movement. The serial correlation of 0.03 indicates that only 3.0% of current MITSUBISHI KAKOKI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
MITSUBISHI KAKOKI lagged returns against current returns
Autocorrelation, which is MITSUBISHI KAKOKI 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 MITSUBISHI KAKOKI's stock expected returns. We can calculate the autocorrelation of MITSUBISHI KAKOKI returns to help us make a trade decision. For example, suppose you find that MITSUBISHI KAKOKI 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 |
MITSUBISHI KAKOKI 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 MITSUBISHI KAKOKI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MITSUBISHI KAKOKI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MITSUBISHI KAKOKI stock over time.
Current vs Lagged Prices |
| Timeline |
MITSUBISHI KAKOKI Lagged Returns
When evaluating MITSUBISHI KAKOKI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MITSUBISHI KAKOKI stock have on its future price. MITSUBISHI KAKOKI 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, MITSUBISHI KAKOKI autocorrelation shows the relationship between MITSUBISHI KAKOKI stock current value and its past values and can show if there is a momentum factor associated with investing in MITSUBISHI KAKOKI.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MITSUBISHI Stock
MITSUBISHI KAKOKI financial ratios help investors to determine whether MITSUBISHI Stock 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 MITSUBISHI with respect to the benefits of owning MITSUBISHI KAKOKI security.