McPhy Energy (Germany) Market Value
| M6P Stock | EUR 0.98 0.06 6.52% |
| Symbol | McPhy |
McPhy Energy '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 McPhy Energy'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 McPhy Energy.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in McPhy Energy on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding McPhy Energy SA or generate 0.0% return on investment in McPhy Energy over 30 days. McPhy Energy is related to or competes with ABB, Emerson Electric, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. McPhy Energy S.A. develops and supplies hydrogen production, storage, and distribution equipment for hydrogen energy, ze... More
McPhy Energy 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 McPhy Energy'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 McPhy Energy SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (7.47) | |||
| Potential Upside | 3.57 |
McPhy Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McPhy Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McPhy Energy's standard deviation. In reality, there are many statistical measures that can use McPhy Energy historical prices to predict the future McPhy Energy's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (1.08) | |||
| Total Risk Alpha | (1.69) | |||
| Treynor Ratio | 8.21 |
McPhy Energy SA Backtested Returns
McPhy Energy SA has Sharpe Ratio of -0.31, which conveys that the firm had a -0.31% return per unit of volatility over the last 3 months. McPhy Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify McPhy Energy's mean deviation of 2.47, and Risk Adjusted Performance of (0.22) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning McPhy Energy are expected to decrease at a much lower rate. During the bear market, McPhy Energy is likely to outperform the market. At this point, McPhy Energy SA has a negative expected return of -1.1%. Please make sure to verify McPhy Energy's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if McPhy Energy SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
McPhy Energy SA has good predictability. Overlapping area represents the amount of predictability between McPhy Energy time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 McPhy Energy SA price movement. The serial correlation of 0.68 indicates that around 68.0% of current McPhy Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
McPhy Energy SA lagged returns against current returns
Autocorrelation, which is McPhy Energy 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 McPhy Energy's stock expected returns. We can calculate the autocorrelation of McPhy Energy returns to help us make a trade decision. For example, suppose you find that McPhy Energy 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 |
McPhy Energy 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 McPhy Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McPhy Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McPhy Energy stock over time.
Current vs Lagged Prices |
| Timeline |
McPhy Energy Lagged Returns
When evaluating McPhy Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McPhy Energy stock have on its future price. McPhy Energy 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, McPhy Energy autocorrelation shows the relationship between McPhy Energy stock current value and its past values and can show if there is a momentum factor associated with investing in McPhy Energy SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in McPhy Stock
McPhy Energy financial ratios help investors to determine whether McPhy 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 McPhy with respect to the benefits of owning McPhy Energy security.