Megatech Corp Stock Market Value
| MGTC Stock | USD 0.16 0.00 0.00% |
| Symbol | Megatech |
Megatech 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 Megatech 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 Megatech Corp.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Megatech Corp on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Megatech Corp or generate 0.0% return on investment in Megatech Corp over 270 days. Megatech Corp is related to or competes with Emerson Electric, Eaton PLC, Generac Holdings, Cummins, and Rockwell Automation. Megatech Corporation develops multi-fueled engines and electric dynamometers More
Megatech 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 Megatech 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 Megatech Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1158 | |||
| Maximum Drawdown | 146.15 |
Megatech Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Megatech Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Megatech Corp's standard deviation. In reality, there are many statistical measures that can use Megatech Corp historical prices to predict the future Megatech Corp's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 2.59 | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Megatech 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.
Megatech Corp Backtested Returns
Megatech Corp is out of control given 3 months investment horizon. Megatech Corp has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for seventeen different technical indicators, which can help you to evaluate if expected returns of 2.28% are justified by taking the suggested risk. Use Megatech Corp Standard Deviation of 17.99, risk adjusted performance of 0.104, and Mean Deviation of 4.36 to evaluate company specific risk that cannot be diversified away. Megatech Corp holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -3.16, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Megatech Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Megatech Corp is expected to outperform it. Use Megatech Corp coefficient of variation, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to analyze future returns on Megatech Corp.
Auto-correlation | 0.00 |
No correlation between past and present
Megatech Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Megatech Corp time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Megatech Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Megatech Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Megatech Corp lagged returns against current returns
Autocorrelation, which is Megatech 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 Megatech Corp's pink sheet expected returns. We can calculate the autocorrelation of Megatech Corp returns to help us make a trade decision. For example, suppose you find that Megatech 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 |
Megatech 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 Megatech Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Megatech 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 Megatech Corp pink sheet over time.
Current vs Lagged Prices |
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Megatech Corp Lagged Returns
When evaluating Megatech Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Megatech Corp pink sheet have on its future price. Megatech 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, Megatech Corp autocorrelation shows the relationship between Megatech Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Megatech Corp.
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 Megatech Pink Sheet
Megatech Corp financial ratios help investors to determine whether Megatech Pink Sheet 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 Megatech with respect to the benefits of owning Megatech Corp security.