Munic SA (France) Market Value
| ALMUN Stock | EUR 0.92 0.05 5.15% |
| Symbol | Munic |
Munic SA '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 Munic SA'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 Munic SA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Munic SA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Munic SA or generate 0.0% return on investment in Munic SA over 360 days. Munic SA is related to or competes with Claranova, Nacon Sa, and Ekinops SA. MUNIC S.A. engages in the research and development, and manufacture of devices and artificial intelligence platform for ... More
Munic SA 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 Munic SA'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 Munic SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.77 | |||
| Information Ratio | 0.1396 | |||
| Maximum Drawdown | 60.55 | |||
| Value At Risk | (6.86) | |||
| Potential Upside | 15.91 |
Munic SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Munic SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Munic SA's standard deviation. In reality, there are many statistical measures that can use Munic SA historical prices to predict the future Munic SA's volatility.| Risk Adjusted Performance | 0.1279 | |||
| Jensen Alpha | 1.42 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.2107 | |||
| Treynor Ratio | (2.21) |
Munic SA Backtested Returns
Munic SA is out of control given 3 months investment horizon. Munic SA has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.35% are justified by taking the suggested risk. Use Munic SA Risk Adjusted Performance of 0.1279, mean deviation of 5.15, and Downside Deviation of 5.77 to evaluate company specific risk that cannot be diversified away. Munic SA holds a performance score of 12 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Munic SA are expected to decrease at a much lower rate. During the bear market, Munic SA is likely to outperform the market. Use Munic SA sortino ratio and the relationship between the downside variance and market facilitation index , to analyze future returns on Munic SA.
Auto-correlation | -0.57 |
Good reverse predictability
Munic SA has good reverse predictability. Overlapping area represents the amount of predictability between Munic SA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Munic SA price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Munic SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Munic SA lagged returns against current returns
Autocorrelation, which is Munic SA 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 Munic SA's stock expected returns. We can calculate the autocorrelation of Munic SA returns to help us make a trade decision. For example, suppose you find that Munic SA 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 |
Munic SA 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 Munic SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Munic SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Munic SA stock over time.
Current vs Lagged Prices |
| Timeline |
Munic SA Lagged Returns
When evaluating Munic SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Munic SA stock have on its future price. Munic SA 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, Munic SA autocorrelation shows the relationship between Munic SA stock current value and its past values and can show if there is a momentum factor associated with investing in Munic SA.
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 Munic Stock Analysis
When running Munic SA's price analysis, check to measure Munic SA'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 Munic SA is operating at the current time. Most of Munic SA's value examination focuses on studying past and present price action to predict the probability of Munic SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Munic SA's price. Additionally, you may evaluate how the addition of Munic SA to your portfolios can decrease your overall portfolio volatility.