MAY BAKER's market value is the price at which a share of MAY BAKER trades on a public exchange. It measures the collective expectations of MAY BAKER NIGERIA investors about its performance. MAY BAKER is trading at 9.00 as of the 23rd of January 2025, a 8.43 percent increase since the beginning of the trading day. The stock's lowest day price was 8.3. With this module, you can estimate the performance of a buy and hold strategy of MAY BAKER NIGERIA and determine expected loss or profit from investing in MAY BAKER over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
MAY
MAY BAKER '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 MAY BAKER'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 MAY BAKER.
0.00
12/24/2024
No Change 0.00
0.0
In 31 days
01/23/2025
0.00
If you would invest 0.00 in MAY BAKER on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding MAY BAKER NIGERIA or generate 0.0% return on investment in MAY BAKER over 30 days.
MAY BAKER 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 MAY BAKER'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 MAY BAKER NIGERIA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAY BAKER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAY BAKER's standard deviation. In reality, there are many statistical measures that can use MAY BAKER historical prices to predict the future MAY BAKER's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MAY BAKER. Your research has to be compared to or analyzed against MAY BAKER's peers to derive any actionable benefits. When done correctly, MAY BAKER's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MAY BAKER NIGERIA.
MAY BAKER NIGERIA Backtested Returns
MAY BAKER appears to be somewhat reliable, given 3 months investment horizon. MAY BAKER NIGERIA has Sharpe Ratio of 0.0886, which conveys that the company had a 0.0886 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for MAY BAKER, which you can use to evaluate the volatility of the entity. Please exercise MAY BAKER's mean deviation of 1.21, and Downside Deviation of 2.68 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MAY BAKER holds a performance score of 6. The firm secures a Beta (Market Risk) of -0.032, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MAY BAKER are expected to decrease at a much lower rate. During the bear market, MAY BAKER is likely to outperform the market. Please check MAY BAKER's potential upside, accumulation distribution, period momentum indicator, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether MAY BAKER's current price movements will revert.
Auto-correlation
-0.29
Weak reverse predictability
MAY BAKER NIGERIA has weak reverse predictability. Overlapping area represents the amount of predictability between MAY BAKER time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MAY BAKER NIGERIA price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current MAY BAKER price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.29
Spearman Rank Test
-0.67
Residual Average
0.0
Price Variance
0.01
MAY BAKER NIGERIA lagged returns against current returns
Autocorrelation, which is MAY BAKER 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 MAY BAKER's stock expected returns. We can calculate the autocorrelation of MAY BAKER returns to help us make a trade decision. For example, suppose you find that MAY BAKER 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
MAY BAKER 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 MAY BAKER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAY BAKER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAY BAKER stock over time.
Current vs Lagged Prices
Timeline
MAY BAKER Lagged Returns
When evaluating MAY BAKER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAY BAKER stock have on its future price. MAY BAKER 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, MAY BAKER autocorrelation shows the relationship between MAY BAKER stock current value and its past values and can show if there is a momentum factor associated with investing in MAY BAKER NIGERIA.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.