Mgm China Holdings Stock Market Value
| MCHVY Stock | USD 14.70 0.22 1.52% |
| Symbol | MGM |
MGM China '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 MGM China's pink sheet 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 MGM China.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in MGM China on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding MGM China Holdings or generate 0.0% return on investment in MGM China over 390 days. MGM China is related to or competes with SJM Holdings, Studio City, Monarch Casino, Playa Hotels, Las Vegas, MGM Resorts, and Caesars Entertainment. MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gamin... More
MGM China 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 MGM China's pink sheet 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 MGM China Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.56 | |||
| Value At Risk | (8.86) | |||
| Potential Upside | 6.37 |
MGM China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGM China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGM China's standard deviation. In reality, there are many statistical measures that can use MGM China historical prices to predict the future MGM China's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 0.1936 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MGM China's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MGM China Holdings Backtested Returns
MGM China Holdings has Sharpe Ratio of -0.0263, which conveys that the firm had a -0.0263% return per unit of volatility over the last 3 months. MGM China exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MGM China's mean deviation of 2.18, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.06, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning MGM China are expected to decrease slowly. On the other hand, during market turmoil, MGM China is expected to outperform it slightly. At this point, MGM China Holdings has a negative expected return of -0.0976%. Please make sure to verify MGM China's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and period momentum indicator , to decide if MGM China Holdings performance from the past will be repeated at future time.
Auto-correlation | -0.87 |
Excellent reverse predictability
MGM China Holdings has excellent reverse predictability. Overlapping area represents the amount of predictability between MGM China time series from 30th of October 2023 to 12th of May 2024 and 12th of May 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 MGM China Holdings price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current MGM China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 2.49 |
MGM China Holdings lagged returns against current returns
Autocorrelation, which is MGM China pink sheet'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 MGM China's pink sheet expected returns. We can calculate the autocorrelation of MGM China returns to help us make a trade decision. For example, suppose you find that MGM China has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
MGM China 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 MGM China pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGM China pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGM China pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MGM China Lagged Returns
When evaluating MGM China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGM China pink sheet have on its future price. MGM China 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, MGM China autocorrelation shows the relationship between MGM China pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MGM China Holdings.
Regressed Prices |
| Timeline |
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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.Additional Tools for MGM Pink Sheet Analysis
When running MGM China's price analysis, check to measure MGM China's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGM China is operating at the current time. Most of MGM China's value examination focuses on studying past and present price action to predict the probability of MGM China's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM China's price. Additionally, you may evaluate how the addition of MGM China to your portfolios can decrease your overall portfolio volatility.