MGM Resorts (Germany) Market Value
| MGG Stock | EUR 35.50 0.21 0.60% |
| Symbol | MGM |
MGM Resorts '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 MGM Resorts' 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 MGM Resorts.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in MGM Resorts on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding MGM Resorts International or generate 0.0% return on investment in MGM Resorts over 330 days. MGM Resorts is related to or competes with BORR DRILLING, InterContinental, GEELY AUTOMOBILE, Geely Automobile, Treasury Wine, Major Drilling, and COMMERCIAL VEHICLE. MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resor... More
MGM Resorts 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 MGM Resorts' 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 MGM Resorts International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.95 |
MGM Resorts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGM Resorts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGM Resorts' standard deviation. In reality, there are many statistical measures that can use MGM Resorts historical prices to predict the future MGM Resorts' volatility.| Risk Adjusted Performance | 0.0435 | |||
| Jensen Alpha | 0.1367 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.20) |
MGM Resorts International Backtested Returns
At this point, MGM Resorts is very steady. MGM Resorts International has Sharpe Ratio of 0.0491, which conveys that the firm had a 0.0491% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MGM Resorts, which you can use to evaluate the volatility of the firm. Please verify MGM Resorts' mean deviation of 1.43, and Risk Adjusted Performance of 0.0435 to check out if the risk estimate we provide is consistent with the expected return of 0.0934%. MGM Resorts has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MGM Resorts are expected to decrease at a much lower rate. During the bear market, MGM Resorts is likely to outperform the market. MGM Resorts International currently secures a risk of 1.9%. Please verify MGM Resorts International jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if MGM Resorts International will be following its current price movements.
Auto-correlation | 0.03 |
Virtually no predictability
MGM Resorts International has virtually no predictability. Overlapping area represents the amount of predictability between MGM Resorts time series from 7th of January 2024 to 20th of June 2024 and 20th 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 MGM Resorts International price movement. The serial correlation of 0.03 indicates that only 3.0% of current MGM Resorts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 8.37 |
MGM Resorts International lagged returns against current returns
Autocorrelation, which is MGM Resorts 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 MGM Resorts' stock expected returns. We can calculate the autocorrelation of MGM Resorts returns to help us make a trade decision. For example, suppose you find that MGM Resorts 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 |
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MGM Resorts 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 MGM Resorts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGM Resorts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGM Resorts stock over time.
Current vs Lagged Prices |
| Timeline |
MGM Resorts Lagged Returns
When evaluating MGM Resorts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGM Resorts stock have on its future price. MGM Resorts 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, MGM Resorts autocorrelation shows the relationship between MGM Resorts stock current value and its past values and can show if there is a momentum factor associated with investing in MGM Resorts International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in MGM Stock
When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports:Check out MGM Resorts Correlation, MGM Resorts Volatility and MGM Resorts Alpha and Beta module to complement your research on MGM Resorts. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
MGM Resorts technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.