Mcdonalds Corp Cdr Stock Market Value
| MCDS Stock | 25.99 0.17 0.66% |
| Symbol | McDonalds |
McDonalds Corp '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 McDonalds Corp'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 McDonalds Corp.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in McDonalds Corp on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding McDonalds Corp CDR or generate 0.0% return on investment in McDonalds Corp over 30 days. McDonalds Corp is related to or competes with Restaurant Brands, Enghouse Systems, Metro, and BRP. McDonalds Corp is entity of Canada. It is traded as Stock on NEO exchange. More
McDonalds Corp 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 McDonalds Corp'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 McDonalds Corp CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.4 |
McDonalds Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McDonalds Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McDonalds Corp's standard deviation. In reality, there are many statistical measures that can use McDonalds Corp historical prices to predict the future McDonalds Corp's volatility.| Risk Adjusted Performance | 0.0454 | |||
| Jensen Alpha | 0.0144 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1795 |
McDonalds Corp CDR Backtested Returns
At this point, McDonalds Corp is very steady. McDonalds Corp CDR has Sharpe Ratio of 0.0564, which conveys that the firm had a 0.0564% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for McDonalds Corp, which you can use to evaluate the volatility of the firm. Please verify McDonalds Corp's risk adjusted performance of 0.0454, and Mean Deviation of 0.7105 to check out if the risk estimate we provide is consistent with the expected return of 0.062%. McDonalds Corp has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, McDonalds Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding McDonalds Corp is expected to be smaller as well. McDonalds Corp CDR presently secures a risk of 1.1%. Please verify McDonalds Corp CDR coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if McDonalds Corp CDR will be following its current price movements.
Auto-correlation | 0.79 |
Good predictability
McDonalds Corp CDR has good predictability. Overlapping area represents the amount of predictability between McDonalds Corp time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 McDonalds Corp CDR price movement. The serial correlation of 0.79 indicates that around 79.0% of current McDonalds Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
McDonalds Corp CDR lagged returns against current returns
Autocorrelation, which is McDonalds Corp 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 McDonalds Corp's stock expected returns. We can calculate the autocorrelation of McDonalds Corp returns to help us make a trade decision. For example, suppose you find that McDonalds Corp 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 |
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McDonalds Corp 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 McDonalds Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McDonalds Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McDonalds Corp stock over time.
Current vs Lagged Prices |
| Timeline |
McDonalds Corp Lagged Returns
When evaluating McDonalds Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McDonalds Corp stock have on its future price. McDonalds Corp 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, McDonalds Corp autocorrelation shows the relationship between McDonalds Corp stock current value and its past values and can show if there is a momentum factor associated with investing in McDonalds Corp CDR.
Regressed Prices |
| Timeline |
Pair Trading with McDonalds Corp
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 McDonalds Corp 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 McDonalds Corp will appreciate offsetting losses from the drop in the long position's value.Moving against McDonalds Stock
The ability to find closely correlated positions to McDonalds Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McDonalds Corp 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 McDonalds Corp - 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 McDonalds Corp CDR to buy it.
The correlation of McDonalds Corp 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 McDonalds Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McDonalds Corp CDR 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 McDonalds Corp 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 McDonalds Stock
McDonalds Corp financial ratios help investors to determine whether McDonalds 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 McDonalds with respect to the benefits of owning McDonalds Corp security.