Meed Growth Corp Stock Market Value
| MEED-P Stock | 0.10 0.00 0.00% |
| Symbol | Meed |
Meed Growth '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 Meed Growth'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 Meed Growth.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Meed Growth on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Meed Growth Corp or generate 0.0% return on investment in Meed Growth over 720 days. Meed Growth is related to or competes with Canso Select, Lion One, Marimaca Copper, Ramp Metals, Plaza Retail, and Canlan Ice. Meed Growth is entity of Canada. It is traded as Stock on V exchange. More
Meed Growth 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 Meed Growth'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 Meed Growth Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.67 |
Meed Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meed Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meed Growth's standard deviation. In reality, there are many statistical measures that can use Meed Growth historical prices to predict the future Meed Growth's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 29.5 |
Meed Growth Corp Backtested Returns
Meed Growth Corp has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Meed Growth exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meed Growth's Mean Deviation of 0.4974, standard deviation of 2.05, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0089, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Meed Growth are expected to decrease at a much lower rate. During the bear market, Meed Growth is likely to outperform the market. At this point, Meed Growth Corp has a negative expected return of -0.27%. Please make sure to verify Meed Growth's information ratio, maximum drawdown, and the relationship between the variance and treynor ratio , to decide if Meed Growth Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Meed Growth Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Meed Growth time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Meed Growth Corp price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Meed Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Meed Growth Corp lagged returns against current returns
Autocorrelation, which is Meed Growth 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 Meed Growth's stock expected returns. We can calculate the autocorrelation of Meed Growth returns to help us make a trade decision. For example, suppose you find that Meed Growth 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 |
Meed Growth 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 Meed Growth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meed Growth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meed Growth stock over time.
Current vs Lagged Prices |
| Timeline |
Meed Growth Lagged Returns
When evaluating Meed Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meed Growth stock have on its future price. Meed Growth 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, Meed Growth autocorrelation shows the relationship between Meed Growth stock current value and its past values and can show if there is a momentum factor associated with investing in Meed Growth Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Meed Stock
Meed Growth financial ratios help investors to determine whether Meed 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 Meed with respect to the benefits of owning Meed Growth security.