MEITUAN UNSPADR/2B (Germany) Market Value
| 9MDA Stock | EUR 39.00 1.00 2.50% |
| Symbol | MEITUAN |
MEITUAN UNSPADR/2B '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 UNSPADR/2B'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 UNSPADR/2B.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in MEITUAN UNSPADR/2B on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding MEITUAN UNSPADR2B or generate 0.0% return on investment in MEITUAN UNSPADR/2B over 30 days. MEITUAN UNSPADR/2B is related to or competes with Amazon, Amazon, and Alibaba Group. Meituan, an investment holding company, provides an e-commerce platform that uses technology to connect consumers and me... More
MEITUAN UNSPADR/2B 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 UNSPADR/2B'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 UNSPADR2B upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.1428 | |||
| Maximum Drawdown | 41.07 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 9.09 |
MEITUAN UNSPADR/2B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEITUAN UNSPADR/2B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEITUAN UNSPADR/2B's standard deviation. In reality, there are many statistical measures that can use MEITUAN UNSPADR/2B historical prices to predict the future MEITUAN UNSPADR/2B's volatility.| Risk Adjusted Performance | 0.1372 | |||
| Jensen Alpha | 0.895 | |||
| Total Risk Alpha | 0.0441 | |||
| Sortino Ratio | 0.1861 | |||
| Treynor Ratio | (3.95) |
MEITUAN UNSPADR/2B Backtested Returns
MEITUAN UNSPADR/2B appears to be not too volatile, given 3 months investment horizon. MEITUAN UNSPADR/2B has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of volatility over the last 3 months. By evaluating MEITUAN UNSPADR/2B's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please exercise MEITUAN UNSPADR/2B's mean deviation of 3.34, and Risk Adjusted Performance of 0.1372 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MEITUAN UNSPADR/2B holds a performance score of 12. The company secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MEITUAN UNSPADR/2B are expected to decrease at a much lower rate. During the bear market, MEITUAN UNSPADR/2B is likely to outperform the market. Please check MEITUAN UNSPADR/2B'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 MEITUAN UNSPADR/2B's current price movements will revert.
Auto-correlation | 0.05 |
Virtually no predictability
MEITUAN UNSPADR2B has virtually no predictability. Overlapping area represents the amount of predictability between MEITUAN UNSPADR/2B 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 MEITUAN UNSPADR/2B price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current MEITUAN UNSPADR/2B price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
MEITUAN UNSPADR/2B lagged returns against current returns
Autocorrelation, which is MEITUAN UNSPADR/2B 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 UNSPADR/2B's stock expected returns. We can calculate the autocorrelation of MEITUAN UNSPADR/2B returns to help us make a trade decision. For example, suppose you find that MEITUAN UNSPADR/2B 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 UNSPADR/2B 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 UNSPADR/2B stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEITUAN UNSPADR/2B stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MEITUAN UNSPADR/2B stock over time.
Current vs Lagged Prices |
| Timeline |
MEITUAN UNSPADR/2B Lagged Returns
When evaluating MEITUAN UNSPADR/2B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEITUAN UNSPADR/2B stock have on its future price. MEITUAN UNSPADR/2B 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 UNSPADR/2B autocorrelation shows the relationship between MEITUAN UNSPADR/2B stock current value and its past values and can show if there is a momentum factor associated with investing in MEITUAN UNSPADR2B.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MEITUAN Stock
MEITUAN UNSPADR/2B 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 UNSPADR/2B security.