MGM Resorts (Mexico) Market Value
| MGM Stock | MXN 778.00 0.00 0.00% |
| 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.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in MGM Resorts on June 4, 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 180 days. MGM Resorts is related to or competes with Applied Materials, CVS Health, McEwen Mining, Cognizant Technology, First Majestic, and Grupo Sports. MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the U... 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 | 3.85 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 4.49 |
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 | 0.0407 | |||
| Jensen Alpha | 0.2027 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.15) |
MGM Resorts International Backtested Returns
At this stage we consider MGM Stock to be very steady. MGM Resorts International has Sharpe Ratio of 0.0416, which conveys that the firm had a 0.0416% return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for MGM Resorts, which you can use to evaluate the volatility of the firm. Please verify MGM Resorts' risk adjusted performance of 0.0407, and Mean Deviation of 1.71 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. MGM Resorts has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.73, 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 2.79%. Please verify MGM Resorts International total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if MGM Resorts International will be following its current price movements.
Auto-correlation | 0.49 |
Average predictability
MGM Resorts International has average predictability. Overlapping area represents the amount of predictability between MGM Resorts time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 0.49 indicates that about 49.0% of current MGM Resorts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1435.72 |
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 |
| Timeline |
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 |
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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 MGM Stock Analysis
When running MGM Resorts' price analysis, check to measure MGM Resorts' 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 MGM Resorts is operating at the current time. Most of MGM Resorts' value examination focuses on studying past and present price action to predict the probability of MGM Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM Resorts' price. Additionally, you may evaluate how the addition of MGM Resorts to your portfolios can decrease your overall portfolio volatility.