Munro Climate (Australia) Market Value
| MCCL Etf | 16.18 0.23 1.40% |
| Symbol | Munro |
Please note, there is a significant difference between Munro Climate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Munro Climate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Munro Climate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Munro Climate '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 Munro Climate's etf 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 Munro Climate.
| 03/22/2023 |
| 03/11/2025 |
If you would invest 0.00 in Munro Climate on March 22, 2023 and sell it all today you would earn a total of 0.00 from holding Munro Climate Change or generate 0.0% return on investment in Munro Climate over 720 days. Munro Climate is related to or competes with IShares MSCI, and VanEck Vectors. Munro Climate is entity of Australia. It is traded as Etf on AU exchange. More
Munro Climate 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 Munro Climate's etf 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 Munro Climate Change upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.98 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 1.71 |
Munro Climate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Munro Climate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Munro Climate's standard deviation. In reality, there are many statistical measures that can use Munro Climate historical prices to predict the future Munro Climate's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0492 | |||
| Treynor Ratio | 4.49 |
Munro Climate Change Backtested Returns
Munro Climate Change has Sharpe Ratio of -0.0518, which conveys that the entity had a -0.0518 % return per unit of risk over the last 3 months. Munro Climate exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Munro Climate's Mean Deviation of 1.22, risk adjusted performance of (0.04), and Standard Deviation of 1.83 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.0279, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Munro Climate are expected to decrease at a much lower rate. During the bear market, Munro Climate is likely to outperform the market.
Auto-correlation | 0.44 |
Average predictability
Munro Climate Change has average predictability. Overlapping area represents the amount of predictability between Munro Climate time series from 22nd of March 2023 to 16th of March 2024 and 16th of March 2024 to 11th of March 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 Munro Climate Change price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Munro Climate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.27 |
Munro Climate Change lagged returns against current returns
Autocorrelation, which is Munro Climate etf'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 Munro Climate's etf expected returns. We can calculate the autocorrelation of Munro Climate returns to help us make a trade decision. For example, suppose you find that Munro Climate has exhibited high autocorrelation historically, and you observe that the etf 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 |
Munro Climate 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 Munro Climate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Munro Climate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Munro Climate etf over time.
Current vs Lagged Prices |
| Timeline |
Munro Climate Lagged Returns
When evaluating Munro Climate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Munro Climate etf have on its future price. Munro Climate 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, Munro Climate autocorrelation shows the relationship between Munro Climate etf current value and its past values and can show if there is a momentum factor associated with investing in Munro Climate Change.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Munro Etf
Munro Climate financial ratios help investors to determine whether Munro Etf 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 Munro with respect to the benefits of owning Munro Climate security.