Meiji Holdings Co Stock Market Value
| MEJHY Stock | USD 11.32 0.69 6.49% |
| Symbol | Meiji |
Meiji 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 Meiji Holdings' 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 Meiji Holdings.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Meiji Holdings on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Meiji Holdings Co or generate 0.0% return on investment in Meiji Holdings over 360 days. Meiji Holdings is related to or competes with Kellanova, Lancaster Colony, A2 Milk, Artisan Consumer, Avi, General Mills, and Campbell Soup. Meiji Holdings Co., Ltd., through its subsidiaries, manufactures and sells dairy products, confectioneries, nutritional ... More
Meiji 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 Meiji Holdings' 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 Meiji Holdings Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.04 | |||
| Value At Risk | (6.99) | |||
| Potential Upside | 7.87 |
Meiji Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meiji Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meiji Holdings' standard deviation. In reality, there are many statistical measures that can use Meiji Holdings historical prices to predict the future Meiji Holdings' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.14) |
Meiji Holdings Backtested Returns
Meiji Holdings has Sharpe Ratio of -0.0151, which conveys that the firm had a -0.0151% return per unit of risk over the last 3 months. Meiji Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meiji Holdings' Standard Deviation of 4.27, mean deviation of 3.11, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.62, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Meiji Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Meiji Holdings is expected to be smaller as well. At this point, Meiji Holdings has a negative expected return of -0.0646%. Please make sure to verify Meiji Holdings' standard deviation, potential upside, as well as the relationship between the Potential Upside and day typical price , to decide if Meiji Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Meiji Holdings Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Meiji Holdings time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Meiji Holdings price movement. The serial correlation of -0.16 indicates that over 16.0% of current Meiji Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Meiji Holdings lagged returns against current returns
Autocorrelation, which is Meiji 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 Meiji Holdings' pink sheet expected returns. We can calculate the autocorrelation of Meiji Holdings returns to help us make a trade decision. For example, suppose you find that Meiji 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 |
| Timeline |
Meiji 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 Meiji Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meiji 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 Meiji Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Meiji Holdings Lagged Returns
When evaluating Meiji Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meiji Holdings pink sheet have on its future price. Meiji 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, Meiji Holdings autocorrelation shows the relationship between Meiji Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Meiji Holdings Co.
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.Additional Tools for Meiji Pink Sheet Analysis
When running Meiji Holdings' price analysis, check to measure Meiji Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Meiji Holdings is operating at the current time. Most of Meiji Holdings' value examination focuses on studying past and present price action to predict the probability of Meiji Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meiji Holdings' price. Additionally, you may evaluate how the addition of Meiji Holdings to your portfolios can decrease your overall portfolio volatility.