Maha Energy (Sweden) Market Value
| MAHA-A Stock | SEK 6.48 0.15 2.37% |
| Symbol | Maha |
Maha 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 Maha 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 Maha Energy.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Maha Energy on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Maha Energy AB or generate 0.0% return on investment in Maha Energy over 60 days. Maha Energy is related to or competes with Africa Oil, Tethys Oil, Cortus Energy. Maha Energy AB , an independent and international oil and gas company, engages in the exploration, development, and prod... More
Maha 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 Maha 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 Maha Energy AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.48 |
Maha Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maha Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maha Energy's standard deviation. In reality, there are many statistical measures that can use Maha Energy historical prices to predict the future Maha Energy's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.77) |
Maha Energy AB Backtested Returns
Maha Energy AB has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Maha Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Maha Energy's Standard Deviation of 2.45, mean deviation of 1.72, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Maha Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Maha Energy is expected to be smaller as well. At this point, Maha Energy AB has a negative expected return of -0.29%. Please make sure to verify Maha Energy's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Maha Energy AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Maha Energy AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Maha Energy time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Maha Energy AB price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Maha Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Maha Energy AB lagged returns against current returns
Autocorrelation, which is Maha 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 Maha Energy's stock expected returns. We can calculate the autocorrelation of Maha Energy returns to help us make a trade decision. For example, suppose you find that Maha 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 |
Maha 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 Maha Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maha Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maha Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Maha Energy Lagged Returns
When evaluating Maha Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maha Energy stock have on its future price. Maha 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, Maha Energy autocorrelation shows the relationship between Maha Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Maha Energy AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Maha Stock
Maha Energy financial ratios help investors to determine whether Maha 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 Maha with respect to the benefits of owning Maha Energy security.