Mdundo (Denmark) Market Value
| MDUNDO Stock | DKK 5.15 0.05 0.96% |
| Symbol | Mdundo |
Mdundo '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 Mdundo'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 Mdundo.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Mdundo on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Mdundo Com As or generate 0.0% return on investment in Mdundo over 720 days. Mdundo is related to or competes with FOM Technologies, Penneo AS, LED IBond, Monsenso, and Shape Robotics. Mdundo.com AS provides mobile-web based music streaming and downloading services in Sub-Saharan Africa More
Mdundo 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 Mdundo'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 Mdundo Com As upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.04 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 5.83 |
Mdundo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mdundo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mdundo's standard deviation. In reality, there are many statistical measures that can use Mdundo historical prices to predict the future Mdundo's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 0.5434 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mdundo'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.
Mdundo Com As Backtested Returns
Mdundo Com As has Sharpe Ratio of -0.0925, which conveys that the firm had a -0.0925% return per unit of risk over the last 3 months. Mdundo exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mdundo's Risk Adjusted Performance of (0.06), standard deviation of 3.1, and Mean Deviation of 2.03 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mdundo are expected to decrease at a much lower rate. During the bear market, Mdundo is likely to outperform the market. At this point, Mdundo Com As has a negative expected return of -0.29%. Please make sure to verify Mdundo's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Mdundo Com As performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Mdundo Com As has very weak reverse predictability. Overlapping area represents the amount of predictability between Mdundo time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Mdundo Com As price movement. The serial correlation of -0.03 indicates that only 3.0% of current Mdundo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Mdundo Com As lagged returns against current returns
Autocorrelation, which is Mdundo 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 Mdundo's stock expected returns. We can calculate the autocorrelation of Mdundo returns to help us make a trade decision. For example, suppose you find that Mdundo 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 |
Mdundo 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 Mdundo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mdundo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mdundo stock over time.
Current vs Lagged Prices |
| Timeline |
Mdundo Lagged Returns
When evaluating Mdundo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mdundo stock have on its future price. Mdundo 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, Mdundo autocorrelation shows the relationship between Mdundo stock current value and its past values and can show if there is a momentum factor associated with investing in Mdundo Com As.
Regressed Prices |
| Timeline |
Pair Trading with Mdundo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mdundo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mdundo will appreciate offsetting losses from the drop in the long position's value.Moving together with Mdundo Stock
Moving against Mdundo Stock
The ability to find closely correlated positions to Mdundo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mdundo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mdundo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mdundo Com As to buy it.
The correlation of Mdundo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mdundo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mdundo Com As moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mdundo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Mdundo Stock
Mdundo financial ratios help investors to determine whether Mdundo Stock 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 Mdundo with respect to the benefits of owning Mdundo security.