Megaworld Corp Adr Stock Market Value
| MGAWY Stock | USD 7.40 0.30 3.90% |
| Symbol | Megaworld |
Megaworld Corp '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 Megaworld Corp's 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 Megaworld Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Megaworld Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Megaworld Corp ADR or generate 0.0% return on investment in Megaworld Corp over 30 days. Megaworld Corp is related to or competes with BDO Unibank, Ayala Corp, Alliance Global, Jollibee Foods, and China Overseas. Megaworld Corporation, together with its subsidiaries, develops, sells, and leases real estate properties in the Philipp... More
Megaworld Corp 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 Megaworld Corp's 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 Megaworld Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0779 | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 3.77 |
Megaworld Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Megaworld Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Megaworld Corp's standard deviation. In reality, there are many statistical measures that can use Megaworld Corp historical prices to predict the future Megaworld Corp's volatility.| Risk Adjusted Performance | 0.1181 | |||
| Jensen Alpha | 0.2048 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.562 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Megaworld Corp'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.
Megaworld Corp ADR Backtested Returns
Megaworld Corp appears to be not too volatile, given 3 months investment horizon. Megaworld Corp ADR has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Megaworld Corp, which you can use to evaluate the volatility of the firm. Please exercise Megaworld Corp's Risk Adjusted Performance of 0.1181, mean deviation of 0.9153, and Standard Deviation of 1.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Megaworld Corp holds a performance score of 11. The company secures a Beta (Market Risk) of 0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Megaworld Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Megaworld Corp is expected to be smaller as well. Please check Megaworld Corp's coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and day median price , to make a quick decision on whether Megaworld Corp's current price movements will revert.
Auto-correlation | 0.90 |
Excellent predictability
Megaworld Corp ADR has excellent predictability. Overlapping area represents the amount of predictability between Megaworld Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Megaworld Corp ADR price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Megaworld Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Megaworld Corp ADR lagged returns against current returns
Autocorrelation, which is Megaworld Corp 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 Megaworld Corp's pink sheet expected returns. We can calculate the autocorrelation of Megaworld Corp returns to help us make a trade decision. For example, suppose you find that Megaworld Corp 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 |
Megaworld Corp 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 Megaworld Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Megaworld Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Megaworld Corp pink sheet over time.
Current vs Lagged Prices |
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Megaworld Corp Lagged Returns
When evaluating Megaworld Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Megaworld Corp pink sheet have on its future price. Megaworld Corp 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, Megaworld Corp autocorrelation shows the relationship between Megaworld Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Megaworld Corp ADR.
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.Additional Tools for Megaworld Pink Sheet Analysis
When running Megaworld Corp's price analysis, check to measure Megaworld Corp's 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 Megaworld Corp is operating at the current time. Most of Megaworld Corp's value examination focuses on studying past and present price action to predict the probability of Megaworld Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Megaworld Corp's price. Additionally, you may evaluate how the addition of Megaworld Corp to your portfolios can decrease your overall portfolio volatility.