Mg Internation (France) Market Value
| ALMGI Stock | EUR 4.20 0.16 3.67% |
| Symbol | ALMGI |
Mg Internation '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 Mg Internation'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 Mg Internation.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mg Internation on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mg Internation or generate 0.0% return on investment in Mg Internation over 180 days. Mg Internation is related to or competes with Piscines Desjoyaux, Moulinvest, Groupe Sfpi, Guillemot, and Sidetrade. The company offers pool cleaning solutions, such as electric robots safety systems consisting of alarms and automatic po... More
Mg Internation 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 Mg Internation'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 Mg Internation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.48 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 1.4 |
Mg Internation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mg Internation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mg Internation's standard deviation. In reality, there are many statistical measures that can use Mg Internation historical prices to predict the future Mg Internation's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 1.84 |
Mg Internation Backtested Returns
Mg Internation retains Efficiency (Sharpe Ratio) of -0.0965, which conveys that the firm had a -0.0965% return per unit of price deviation over the last 3 months. Mg Internation exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mg Internation's Mean Deviation of 0.8779, market risk adjusted performance of 1.85, and Information Ratio of (0.19) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.0717, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mg Internation are expected to decrease at a much lower rate. During the bear market, Mg Internation is likely to outperform the market. At this point, Mg Internation has a negative expected return of -0.13%. Please make sure to verify Mg Internation's treynor ratio, and the relationship between the standard deviation and kurtosis , to decide if Mg Internation performance from the past will be repeated in the future.
Auto-correlation | 0.63 |
Good predictability
Mg Internation has good predictability. Overlapping area represents the amount of predictability between Mg Internation time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Mg Internation price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Mg Internation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mg Internation lagged returns against current returns
Autocorrelation, which is Mg Internation 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 Mg Internation's stock expected returns. We can calculate the autocorrelation of Mg Internation returns to help us make a trade decision. For example, suppose you find that Mg Internation 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 |
Mg Internation 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 Mg Internation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mg Internation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mg Internation stock over time.
Current vs Lagged Prices |
| Timeline |
Mg Internation Lagged Returns
When evaluating Mg Internation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mg Internation stock have on its future price. Mg Internation 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, Mg Internation autocorrelation shows the relationship between Mg Internation stock current value and its past values and can show if there is a momentum factor associated with investing in Mg Internation.
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 ALMGI Stock Analysis
When running Mg Internation's price analysis, check to measure Mg Internation'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 Mg Internation is operating at the current time. Most of Mg Internation's value examination focuses on studying past and present price action to predict the probability of Mg Internation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mg Internation's price. Additionally, you may evaluate how the addition of Mg Internation to your portfolios can decrease your overall portfolio volatility.