MAURITIUS METICS (Mauritius) Market Value
| MCOS Stock | 16.90 0.00 0.00% |
| Symbol | MAURITIUS |
MAURITIUS METICS '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 METICS'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 METICS.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in MAURITIUS METICS on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding MAURITIUS METICS LTD or generate 0.0% return on investment in MAURITIUS METICS over 30 days.
MAURITIUS METICS 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 METICS'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 METICS LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.02) | |||
| Maximum Drawdown | 0.5882 |
MAURITIUS METICS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAURITIUS METICS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAURITIUS METICS's standard deviation. In reality, there are many statistical measures that can use MAURITIUS METICS historical prices to predict the future MAURITIUS METICS's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (1.63) |
MAURITIUS METICS LTD Backtested Returns
MAURITIUS METICS LTD has Sharpe Ratio of -0.12, which conveys that the company had a -0.12% return per unit of standard deviation over the last 3 months. MAURITIUS METICS exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MAURITIUS METICS's mean deviation of 0.0176, and Standard Deviation of 0.0724 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.0116, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MAURITIUS METICS's returns are expected to increase less than the market. However, during the bear market, the loss of holding MAURITIUS METICS is expected to be smaller as well. At this point, MAURITIUS METICS LTD has a negative expected return of -0.009%. Please make sure to verify MAURITIUS METICS's standard deviation, information ratio, and the relationship between the coefficient of variation and variance , to decide if MAURITIUS METICS LTD performance from the past will be repeated at future time.
Auto-correlation | 0.00 |
No correlation between past and present
MAURITIUS METICS LTD has no correlation between past and present. Overlapping area represents the amount of predictability between MAURITIUS METICS time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 METICS LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current MAURITIUS METICS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MAURITIUS METICS LTD lagged returns against current returns
Autocorrelation, which is MAURITIUS METICS 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 METICS's stock expected returns. We can calculate the autocorrelation of MAURITIUS METICS returns to help us make a trade decision. For example, suppose you find that MAURITIUS METICS 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 METICS 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 METICS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAURITIUS METICS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAURITIUS METICS stock over time.
Current vs Lagged Prices |
| Timeline |
MAURITIUS METICS Lagged Returns
When evaluating MAURITIUS METICS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAURITIUS METICS stock have on its future price. MAURITIUS METICS 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 METICS autocorrelation shows the relationship between MAURITIUS METICS stock current value and its past values and can show if there is a momentum factor associated with investing in MAURITIUS METICS LTD.
Regressed Prices |
| Timeline |
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