Mgi Digital Technology Stock Market Value

Symbol

MGI

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 MGI Digital's pink sheet 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 MGI Digital.

MGI Digital Upside/Downside Indicators

MGI Digital Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MGI Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGI Digital's standard deviation. In reality, there are many statistical measures that can use MGI Digital historical prices to predict the future MGI Digital's volatility.

Autocorrelation, which is MGI Digital pink sheet'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 MGI Digital's pink sheet expected returns. We can calculate the autocorrelation of MGI Digital returns to help us make a trade decision. For example, suppose you find that MGI Digital has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MGI Digital pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGI Digital pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGI Digital pink sheet over time.

When evaluating MGI Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGI Digital pink sheet have on its future price. MGI Digital 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, MGI Digital autocorrelation shows the relationship between MGI Digital pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MGI Digital Technology.

MGI Digital financial ratios help investors to determine whether MGI Pink Sheet 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 MGI with respect to the benefits of owning MGI Digital security.