MapsPeople (Denmark) Market Value
| MAPS Stock | 1.30 0.29 18.24% |
| Symbol | MapsPeople |
MapsPeople '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 MapsPeople'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 MapsPeople.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in MapsPeople on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding MapsPeople AS or generate 0.0% return on investment in MapsPeople over 30 days. MapsPeople is related to or competes with Konsolidator, Bavarian Nordic, LUXOR-B, CBrain AS, Fast Ejendom, and PF Atlantic. More
MapsPeople 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 MapsPeople'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 MapsPeople AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 42.71 | |||
| Value At Risk | (11.80) | |||
| Potential Upside | 11.18 |
MapsPeople Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MapsPeople's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MapsPeople's standard deviation. In reality, there are many statistical measures that can use MapsPeople historical prices to predict the future MapsPeople's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (1.64) | |||
| Treynor Ratio | 0.4805 |
MapsPeople AS Backtested Returns
MapsPeople AS has Sharpe Ratio of -0.0467, which conveys that the firm had a -0.0467% return per unit of risk over the last 3 months. MapsPeople exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MapsPeople's Standard Deviation of 7.62, risk adjusted performance of (0.03), and Mean Deviation of 5.04 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.91, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning MapsPeople are expected to decrease slowly. On the other hand, during market turmoil, MapsPeople is expected to outperform it slightly. At this point, MapsPeople AS has a negative expected return of -0.35%. Please make sure to verify MapsPeople's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if MapsPeople AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
MapsPeople AS has weak predictability. Overlapping area represents the amount of predictability between MapsPeople time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 MapsPeople AS price movement. The serial correlation of 0.21 indicates that over 21.0% of current MapsPeople price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
MapsPeople AS lagged returns against current returns
Autocorrelation, which is MapsPeople 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 MapsPeople's stock expected returns. We can calculate the autocorrelation of MapsPeople returns to help us make a trade decision. For example, suppose you find that MapsPeople 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 |
MapsPeople 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 MapsPeople stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MapsPeople stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MapsPeople stock over time.
Current vs Lagged Prices |
| Timeline |
MapsPeople Lagged Returns
When evaluating MapsPeople's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MapsPeople stock have on its future price. MapsPeople 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, MapsPeople autocorrelation shows the relationship between MapsPeople stock current value and its past values and can show if there is a momentum factor associated with investing in MapsPeople AS.
Regressed Prices |
| Timeline |
Pair Trading with MapsPeople
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MapsPeople position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MapsPeople will appreciate offsetting losses from the drop in the long position's value.Moving together with MapsPeople Stock
Moving against MapsPeople Stock
| 0.72 | FPILIM | Formuepleje Limittellus | PairCorr |
| 0.49 | RILBA | Ringkjoebing Landbobank | PairCorr |
| 0.43 | LUXOR-B | Investeringsselskabet | PairCorr |
The ability to find closely correlated positions to MapsPeople could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MapsPeople when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MapsPeople - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MapsPeople AS to buy it.
The correlation of MapsPeople is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MapsPeople moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MapsPeople AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MapsPeople can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in MapsPeople Stock
MapsPeople financial ratios help investors to determine whether MapsPeople 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 MapsPeople with respect to the benefits of owning MapsPeople security.