Mcan Mortgage Stock Market Value
| MAMTF Stock | USD 13.95 0.00 0.00% |
| Symbol | MCAN |
MCAN Mortgage '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 MCAN Mortgage'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 MCAN Mortgage.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in MCAN Mortgage on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding MCAN Mortgage or generate 0.0% return on investment in MCAN Mortgage over 30 days. MCAN Mortgage is related to or competes with HUMANA, SCOR PK, Thrivent High, Morningstar Unconstrained, SPACE, Via Renewables, and T Rowe. MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada More
MCAN Mortgage 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 MCAN Mortgage's pink sheet 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 MCAN Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.98 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 1.01 |
MCAN Mortgage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MCAN Mortgage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MCAN Mortgage's standard deviation. In reality, there are many statistical measures that can use MCAN Mortgage historical prices to predict the future MCAN Mortgage's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 0.1699 | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MCAN Mortgage's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MCAN Mortgage Backtested Returns
At this point, MCAN Mortgage is very steady. MCAN Mortgage retains Efficiency (Sharpe Ratio) of 0.14, which conveys that the company had a 0.14% return per unit of return volatility over the last 3 months. We have found nineteen technical indicators for MCAN Mortgage, which you can use to evaluate the volatility of the entity. Please verify MCAN Mortgage's Standard Deviation of 0.9292, market risk adjusted performance of (0.25), and Mean Deviation of 0.373 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. MCAN Mortgage has a performance score of 10 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MCAN Mortgage are expected to decrease at a much lower rate. During the bear market, MCAN Mortgage is likely to outperform the market. MCAN Mortgage at this time owns a risk of 0.94%. Please verify MCAN Mortgage variance, as well as the relationship between the value at risk and rate of daily change , to decide if MCAN Mortgage will be following its current price history.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
MCAN Mortgage has near perfect reversele predictability. Overlapping area represents the amount of predictability between MCAN Mortgage 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 MCAN Mortgage price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current MCAN Mortgage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MCAN Mortgage lagged returns against current returns
Autocorrelation, which is MCAN Mortgage 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 MCAN Mortgage's pink sheet expected returns. We can calculate the autocorrelation of MCAN Mortgage returns to help us make a trade decision. For example, suppose you find that MCAN Mortgage 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.
Current and Lagged Values |
| Timeline |
MCAN Mortgage 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 MCAN Mortgage pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MCAN Mortgage pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MCAN Mortgage pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MCAN Mortgage Lagged Returns
When evaluating MCAN Mortgage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MCAN Mortgage pink sheet have on its future price. MCAN Mortgage 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, MCAN Mortgage autocorrelation shows the relationship between MCAN Mortgage pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MCAN Mortgage.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MCAN Pink Sheet
MCAN Mortgage financial ratios help investors to determine whether MCAN 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 MCAN with respect to the benefits of owning MCAN Mortgage security.