MAURITIUS CHEMICAL (Mauritius) Market Value
| MCFI Stock | 9.64 0.02 0.21% |
| Symbol | MAURITIUS |
MAURITIUS CHEMICAL '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 MAURITIUS CHEMICAL'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 MAURITIUS CHEMICAL.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in MAURITIUS CHEMICAL on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding MAURITIUS CHEMICAL FERTILIZER or generate 0.0% return on investment in MAURITIUS CHEMICAL over 540 days.
MAURITIUS CHEMICAL 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 MAURITIUS CHEMICAL'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 MAURITIUS CHEMICAL FERTILIZER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 2.32 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.211 |
MAURITIUS CHEMICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAURITIUS CHEMICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAURITIUS CHEMICAL's standard deviation. In reality, there are many statistical measures that can use MAURITIUS CHEMICAL historical prices to predict the future MAURITIUS CHEMICAL's volatility.| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | 0.0203 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.40) |
MAURITIUS CHEMICAL Backtested Returns
At this point, MAURITIUS CHEMICAL is very steady. MAURITIUS CHEMICAL has Sharpe Ratio of 0.0962, which conveys that the company had a 0.0962% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for MAURITIUS CHEMICAL, which you can use to evaluate the volatility of the entity. Please verify MAURITIUS CHEMICAL's standard deviation of 0.2737, and Mean Deviation of 0.0802 to check out if the risk estimate we provide is consistent with the expected return of 0.027%. MAURITIUS CHEMICAL has a performance score of 7 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of -0.0397, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MAURITIUS CHEMICAL are expected to decrease at a much lower rate. During the bear market, MAURITIUS CHEMICAL is likely to outperform the market. MAURITIUS CHEMICAL currently secures a risk of 0.28%. Please verify MAURITIUS CHEMICAL FERTILIZER potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if MAURITIUS CHEMICAL FERTILIZER will be following its current price movements.
Auto-correlation | 0.43 |
Average predictability
MAURITIUS CHEMICAL FERTILIZER has average predictability. Overlapping area represents the amount of predictability between MAURITIUS CHEMICAL time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 MAURITIUS CHEMICAL price movement. The serial correlation of 0.43 indicates that just about 43.0% of current MAURITIUS CHEMICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
MAURITIUS CHEMICAL lagged returns against current returns
Autocorrelation, which is MAURITIUS CHEMICAL 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 MAURITIUS CHEMICAL's stock expected returns. We can calculate the autocorrelation of MAURITIUS CHEMICAL returns to help us make a trade decision. For example, suppose you find that MAURITIUS CHEMICAL 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 |
MAURITIUS CHEMICAL 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 MAURITIUS CHEMICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAURITIUS CHEMICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAURITIUS CHEMICAL stock over time.
Current vs Lagged Prices |
| Timeline |
MAURITIUS CHEMICAL Lagged Returns
When evaluating MAURITIUS CHEMICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAURITIUS CHEMICAL stock have on its future price. MAURITIUS CHEMICAL 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, MAURITIUS CHEMICAL autocorrelation shows the relationship between MAURITIUS CHEMICAL stock current value and its past values and can show if there is a momentum factor associated with investing in MAURITIUS CHEMICAL FERTILIZER.
Regressed Prices |
| Timeline |
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