Master Drilling's market value is the price at which a share of Master Drilling trades on a public exchange. It measures the collective expectations of Master Drilling Group investors about its performance. Master Drilling is trading at 1400.00 as of the 1st of February 2025, a 1.06 percent decrease since the beginning of the trading day. The stock's lowest day price was 1400.0. With this module, you can estimate the performance of a buy and hold strategy of Master Drilling Group and determine expected loss or profit from investing in Master Drilling over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Symbol
Master
Master Drilling '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 Master Drilling'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 Master Drilling.
0.00
08/05/2024
No Change 0.00
0.0
In 5 months and 30 days
02/01/2025
0.00
If you would invest 0.00 in Master Drilling on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Master Drilling Group or generate 0.0% return on investment in Master Drilling over 180 days.
Master Drilling 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 Master Drilling'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 Master Drilling Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Master Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Master Drilling's standard deviation. In reality, there are many statistical measures that can use Master Drilling historical prices to predict the future Master Drilling's volatility.
At this point, Master Drilling is very steady. Master Drilling Group has Sharpe Ratio of 0.0415, which conveys that the firm had a 0.0415 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Master Drilling, which you can use to evaluate the volatility of the firm. Please verify Master Drilling's Mean Deviation of 1.6, downside deviation of 2.11, and Risk Adjusted Performance of 0.0374 to check out if the risk estimate we provide is consistent with the expected return of 0.0996%. Master Drilling has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Master Drilling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Master Drilling is expected to be smaller as well. Master Drilling Group right now secures a risk of 2.4%. Please verify Master Drilling Group treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Master Drilling Group will be following its current price movements.
Auto-correlation
0.06
Virtually no predictability
Master Drilling Group has virtually no predictability. Overlapping area represents the amount of predictability between Master Drilling time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Master Drilling Group price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Master Drilling price fluctuation can be explain by its past prices.
Correlation Coefficient
0.06
Spearman Rank Test
0.2
Residual Average
0.0
Price Variance
1252.22
Master Drilling Group lagged returns against current returns
Autocorrelation, which is Master Drilling 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 Master Drilling's stock expected returns. We can calculate the autocorrelation of Master Drilling returns to help us make a trade decision. For example, suppose you find that Master Drilling 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
Master Drilling 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 Master Drilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Master Drilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Master Drilling stock over time.
Current vs Lagged Prices
Timeline
Master Drilling Lagged Returns
When evaluating Master Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Master Drilling stock have on its future price. Master Drilling 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, Master Drilling autocorrelation shows the relationship between Master Drilling stock current value and its past values and can show if there is a momentum factor associated with investing in Master Drilling Group.
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.