MTI WIRELESS (Germany) Market Value
| M7O Stock | EUR 0.45 0.02 4.26% |
| Symbol | MTI |
Please note, there is a significant difference between MTI WIRELESS's value and its price as these two are different measures arrived at by different means. Investors typically determine if MTI WIRELESS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MTI WIRELESS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
MTI WIRELESS '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 MTI WIRELESS'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 MTI WIRELESS.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in MTI WIRELESS on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding MTI WIRELESS EDGE or generate 0.0% return on investment in MTI WIRELESS over 30 days. MTI WIRELESS is related to or competes with NORTHEAST UTILITIES, SK TELECOM, MAVEN WIRELESS, DiamondRock Hospitality, SHIP HEALTHCARE, UNITED UTILITIES, and National Health. More
MTI WIRELESS 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 MTI WIRELESS'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 MTI WIRELESS EDGE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.55 | |||
| Information Ratio | 0.0068 | |||
| Maximum Drawdown | 20.72 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 4.26 |
MTI WIRELESS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTI WIRELESS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MTI WIRELESS's standard deviation. In reality, there are many statistical measures that can use MTI WIRELESS historical prices to predict the future MTI WIRELESS's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.1563 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | (1.18) |
MTI WIRELESS EDGE Backtested Returns
At this point, MTI WIRELESS is abnormally volatile. MTI WIRELESS EDGE has Sharpe Ratio of 0.0497, which conveys that the firm had a 0.0497% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MTI WIRELESS, which you can use to evaluate the volatility of the firm. Please verify MTI WIRELESS's mean deviation of 1.91, and Risk Adjusted Performance of 0.0451 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. MTI WIRELESS has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MTI WIRELESS are expected to decrease at a much lower rate. During the bear market, MTI WIRELESS is likely to outperform the market. MTI WIRELESS EDGE currently secures a risk of 3.15%. Please verify MTI WIRELESS EDGE coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if MTI WIRELESS EDGE will be following its current price movements.
Auto-correlation | 0.62 |
Good predictability
MTI WIRELESS EDGE has good predictability. Overlapping area represents the amount of predictability between MTI WIRELESS 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 MTI WIRELESS EDGE price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current MTI WIRELESS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MTI WIRELESS EDGE lagged returns against current returns
Autocorrelation, which is MTI WIRELESS 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 MTI WIRELESS's stock expected returns. We can calculate the autocorrelation of MTI WIRELESS returns to help us make a trade decision. For example, suppose you find that MTI WIRELESS 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 |
MTI WIRELESS 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 MTI WIRELESS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MTI WIRELESS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MTI WIRELESS stock over time.
Current vs Lagged Prices |
| Timeline |
MTI WIRELESS Lagged Returns
When evaluating MTI WIRELESS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MTI WIRELESS stock have on its future price. MTI WIRELESS 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, MTI WIRELESS autocorrelation shows the relationship between MTI WIRELESS stock current value and its past values and can show if there is a momentum factor associated with investing in MTI WIRELESS EDGE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MTI Stock
MTI WIRELESS financial ratios help investors to determine whether MTI 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 MTI with respect to the benefits of owning MTI WIRELESS security.