Micro Mechanics Stock Market Value
| MCRNF Stock | USD 1.17 0.00 0.00% |
| Symbol | Micro-Mechanics |
Micro-Mechanics (Holdings) '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 Micro-Mechanics (Holdings)'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 Micro-Mechanics (Holdings).
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Micro-Mechanics (Holdings) on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Micro Mechanics or generate 0.0% return on investment in Micro-Mechanics (Holdings) over 60 days. Micro-Mechanics (Holdings) is related to or competes with Applied Materials, KLA Tencor, ASML Holding, Axcelis Technologies, and Teradyne. Micro-Mechanics Ltd. designs, manufactures, and markets high precision parts and tools used in applications for the wafe... More
Micro-Mechanics (Holdings) 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 Micro-Mechanics (Holdings)'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 Micro Mechanics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0576 | |||
| Maximum Drawdown | 26.76 | |||
| Potential Upside | 2.52 |
Micro-Mechanics (Holdings) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Micro-Mechanics (Holdings)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Micro-Mechanics (Holdings)'s standard deviation. In reality, there are many statistical measures that can use Micro-Mechanics (Holdings) historical prices to predict the future Micro-Mechanics (Holdings)'s volatility.| Risk Adjusted Performance | 0.0886 | |||
| Jensen Alpha | 0.2547 | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 1.59 |
Micro-Mechanics (Holdings) Backtested Returns
Micro-Mechanics (Holdings) appears to be dangerous, given 3 months investment horizon. Micro-Mechanics (Holdings) has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Micro-Mechanics (Holdings), which you can use to evaluate the volatility of the firm. Please exercise Micro-Mechanics (Holdings)'s Standard Deviation of 2.69, mean deviation of 0.8134, and Risk Adjusted Performance of 0.0886 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Micro-Mechanics (Holdings) holds a performance score of 8. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Micro-Mechanics (Holdings)'s returns are expected to increase less than the market. However, during the bear market, the loss of holding Micro-Mechanics (Holdings) is expected to be smaller as well. Please check Micro-Mechanics (Holdings)'s information ratio, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Micro-Mechanics (Holdings)'s current price movements will revert.
Auto-correlation | 0.31 |
Below average predictability
Micro Mechanics has below average predictability. Overlapping area represents the amount of predictability between Micro-Mechanics (Holdings) time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Micro-Mechanics (Holdings) price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Micro-Mechanics (Holdings) price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Micro-Mechanics (Holdings) lagged returns against current returns
Autocorrelation, which is Micro-Mechanics (Holdings) 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 Micro-Mechanics (Holdings)'s pink sheet expected returns. We can calculate the autocorrelation of Micro-Mechanics (Holdings) returns to help us make a trade decision. For example, suppose you find that Micro-Mechanics (Holdings) 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 |
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Micro-Mechanics (Holdings) 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 Micro-Mechanics (Holdings) pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Micro-Mechanics (Holdings) pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Micro-Mechanics (Holdings) pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Micro-Mechanics (Holdings) Lagged Returns
When evaluating Micro-Mechanics (Holdings)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Micro-Mechanics (Holdings) pink sheet have on its future price. Micro-Mechanics (Holdings) 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, Micro-Mechanics (Holdings) autocorrelation shows the relationship between Micro-Mechanics (Holdings) pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Micro Mechanics.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Micro-Mechanics Pink Sheet
Micro-Mechanics (Holdings) financial ratios help investors to determine whether Micro-Mechanics Pink Sheet 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 Micro-Mechanics with respect to the benefits of owning Micro-Mechanics (Holdings) security.