Manila Electric (Philippines) Market Value
| MER Stock | 496.80 10.80 2.22% |
| Symbol | Manila |
Manila Electric '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 Manila Electric'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 Manila Electric.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Manila Electric on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Manila Electric Co or generate 0.0% return on investment in Manila Electric over 30 days. Manila Electric is related to or competes with Jollibee Foods, Transpacific Broadband, Rizal Commercial, Philippine Business, COL Financial, and Alliance Select. More
Manila Electric 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 Manila Electric'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 Manila Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0904 | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 4.38 |
Manila Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manila Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manila Electric's standard deviation. In reality, there are many statistical measures that can use Manila Electric historical prices to predict the future Manila Electric's volatility.| Risk Adjusted Performance | 0.1194 | |||
| Jensen Alpha | 0.3155 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1126 | |||
| Treynor Ratio | 5.84 |
Manila Electric Backtested Returns
Manila Electric appears to be very steady, given 3 months investment horizon. Manila Electric has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Manila Electric, which you can use to evaluate the volatility of the firm. Please exercise Manila Electric's Mean Deviation of 1.74, downside deviation of 1.81, and Risk Adjusted Performance of 0.1194 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Manila Electric holds a performance score of 11. The company secures a Beta (Market Risk) of 0.0551, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manila Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manila Electric is expected to be smaller as well. Please check Manila Electric's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Manila Electric's current price movements will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Manila Electric Co has poor reverse predictability. Overlapping area represents the amount of predictability between Manila Electric time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Manila Electric price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Manila Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 165.01 |
Manila Electric lagged returns against current returns
Autocorrelation, which is Manila Electric 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 Manila Electric's stock expected returns. We can calculate the autocorrelation of Manila Electric returns to help us make a trade decision. For example, suppose you find that Manila Electric 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 |
Manila Electric 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 Manila Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manila Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manila Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Manila Electric Lagged Returns
When evaluating Manila Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manila Electric stock have on its future price. Manila Electric 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, Manila Electric autocorrelation shows the relationship between Manila Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Manila Electric Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Manila Stock
Manila Electric financial ratios help investors to determine whether Manila 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 Manila with respect to the benefits of owning Manila Electric security.