MIC Electronics (India) Market Value
| MICEL Stock | 84.08 0.74 0.89% |
| Symbol | MIC |
MIC Electronics '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 MIC Electronics' 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 MIC Electronics.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in MIC Electronics on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding MIC Electronics Limited or generate 0.0% return on investment in MIC Electronics over 60 days. MIC Electronics is related to or competes with Power Finance, HDFC Bank, State Bank, Indian Railway, and Reliance Industries. MIC Electronics is entity of India. It is traded as Stock on NSE exchange. More
MIC Electronics 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 MIC Electronics' 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 MIC Electronics Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0133 | |||
| Maximum Drawdown | 10.01 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.0 |
MIC Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MIC Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MIC Electronics' standard deviation. In reality, there are many statistical measures that can use MIC Electronics historical prices to predict the future MIC Electronics' volatility.| Risk Adjusted Performance | 0.0484 | |||
| Jensen Alpha | 0.0425 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0144 | |||
| Treynor Ratio | 0.1611 |
MIC Electronics Backtested Returns
As of now, MIC Stock is very steady. MIC Electronics retains Efficiency (Sharpe Ratio) of 0.0059, which conveys that the firm had a 0.0059% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for MIC Electronics, which you can use to evaluate the volatility of the firm. Please verify MIC Electronics' Market Risk Adjusted Performance of 0.1711, mean deviation of 2.66, and Semi Deviation of 2.76 to check out if the risk estimate we provide is consistent with the expected return of 0.0188%. The company owns a Beta (Systematic Risk) of 1.0, which conveys a somewhat significant risk relative to the market. MIC Electronics returns are very sensitive to returns on the market. As the market goes up or down, MIC Electronics is expected to follow. MIC Electronics now owns a risk of 3.18%. Please verify MIC Electronics Limited information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to decide if MIC Electronics Limited will be following its current price history.
Auto-correlation | 0.61 |
Good predictability
MIC Electronics Limited has good predictability. Overlapping area represents the amount of predictability between MIC Electronics time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 MIC Electronics price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current MIC Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 13.05 |
MIC Electronics lagged returns against current returns
Autocorrelation, which is MIC Electronics 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 MIC Electronics' stock expected returns. We can calculate the autocorrelation of MIC Electronics returns to help us make a trade decision. For example, suppose you find that MIC Electronics 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 |
MIC Electronics 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 MIC Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MIC Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MIC Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
MIC Electronics Lagged Returns
When evaluating MIC Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MIC Electronics stock have on its future price. MIC Electronics 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, MIC Electronics autocorrelation shows the relationship between MIC Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in MIC Electronics Limited.
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 MIC Stock
MIC Electronics financial ratios help investors to determine whether MIC 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 MIC with respect to the benefits of owning MIC Electronics security.