Meituan (Germany) Market Value
| 9MD Stock | EUR 19.75 0.65 3.19% |
| Symbol | Meituan |
Meituan '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 Meituan'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 Meituan.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Meituan on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Meituan or generate 0.0% return on investment in Meituan over 510 days. Meituan is related to or competes with BlueScope Steel, NORWEGIAN AIR, DELTA AIR, Nippon Steel, CECO ENVIRONMENTAL, Warner Music, and Enter Air. Meituan, an investment holding company, provides an e-commerce platform that uses technology to connect consumers and me... More
Meituan 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 Meituan'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 Meituan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.1548 | |||
| Maximum Drawdown | 28.94 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 11.34 |
Meituan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meituan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meituan's standard deviation. In reality, there are many statistical measures that can use Meituan historical prices to predict the future Meituan's volatility.| Risk Adjusted Performance | 0.1478 | |||
| Jensen Alpha | 0.8033 | |||
| Total Risk Alpha | 0.1167 | |||
| Sortino Ratio | 0.1614 | |||
| Treynor Ratio | 2.8 |
Meituan Backtested Returns
Meituan appears to be not too volatile, given 3 months investment horizon. Meituan has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Meituan's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please exercise Meituan's Downside Deviation of 4.46, mean deviation of 3.3, and Risk Adjusted Performance of 0.1478 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meituan holds a performance score of 13. The company secures a Beta (Market Risk) of 0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Meituan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Meituan is expected to be smaller as well. Please check Meituan's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Meituan's current price movements will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Meituan has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Meituan time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Meituan price movement. The serial correlation of -0.71 indicates that around 71.0% of current Meituan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 14.7 |
Meituan lagged returns against current returns
Autocorrelation, which is Meituan 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 Meituan's stock expected returns. We can calculate the autocorrelation of Meituan returns to help us make a trade decision. For example, suppose you find that Meituan 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 |
Meituan 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 Meituan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meituan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meituan stock over time.
Current vs Lagged Prices |
| Timeline |
Meituan Lagged Returns
When evaluating Meituan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meituan stock have on its future price. Meituan 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, Meituan autocorrelation shows the relationship between Meituan stock current value and its past values and can show if there is a momentum factor associated with investing in Meituan.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Meituan Stock
Meituan financial ratios help investors to determine whether Meituan 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 Meituan with respect to the benefits of owning Meituan security.