MAGURO GROUP (Thailand) Market Value
| MAGURO Stock | 19.30 1.40 6.76% |
| Symbol | MAGURO |
MAGURO GROUP '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 MAGURO GROUP'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 MAGURO GROUP.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in MAGURO GROUP on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding MAGURO GROUP PUBLIC or generate 0.0% return on investment in MAGURO GROUP over 30 days.
MAGURO GROUP 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 MAGURO GROUP'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 MAGURO GROUP PUBLIC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.0781 | |||
| Maximum Drawdown | 24.1 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 6.67 |
MAGURO GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAGURO GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAGURO GROUP's standard deviation. In reality, there are many statistical measures that can use MAGURO GROUP historical prices to predict the future MAGURO GROUP's volatility.| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | 0.3347 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0785 | |||
| Treynor Ratio | 0.6049 |
MAGURO GROUP PUBLIC Backtested Returns
MAGURO GROUP appears to be not too volatile, given 3 months investment horizon. MAGURO GROUP PUBLIC has Sharpe Ratio of 0.0812, which conveys that the company had a 0.0812% return per unit of risk over the last 3 months. We have found thirty technical indicators for MAGURO GROUP, which you can use to evaluate the volatility of the entity. Please exercise MAGURO GROUP's Downside Deviation of 3.8, semi deviation of 3.01, and Mean Deviation of 2.63 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MAGURO GROUP holds a performance score of 6. The firm secures a Beta (Market Risk) of 0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MAGURO GROUP's returns are expected to increase less than the market. However, during the bear market, the loss of holding MAGURO GROUP is expected to be smaller as well. Please check MAGURO GROUP's semi variance, and the relationship between the sortino ratio and rate of daily change , to make a quick decision on whether MAGURO GROUP's current price movements will revert.
Auto-correlation | 0.12 |
Insignificant predictability
MAGURO GROUP PUBLIC has insignificant predictability. Overlapping area represents the amount of predictability between MAGURO GROUP time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 MAGURO GROUP PUBLIC price movement. The serial correlation of 0.12 indicates that less than 12.0% of current MAGURO GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
MAGURO GROUP PUBLIC lagged returns against current returns
Autocorrelation, which is MAGURO GROUP 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 MAGURO GROUP's stock expected returns. We can calculate the autocorrelation of MAGURO GROUP returns to help us make a trade decision. For example, suppose you find that MAGURO GROUP 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 |
MAGURO GROUP 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 MAGURO GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAGURO GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAGURO GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
MAGURO GROUP Lagged Returns
When evaluating MAGURO GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAGURO GROUP stock have on its future price. MAGURO GROUP 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, MAGURO GROUP autocorrelation shows the relationship between MAGURO GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in MAGURO GROUP PUBLIC.
Regressed Prices |
| Timeline |
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