Misr Chemical's market value is the price at which a share of Misr Chemical trades on a public exchange. It measures the collective expectations of Misr Chemical Industries investors about its performance. Misr Chemical is trading at 35.71 as of the 24th of November 2024. This is a 0.56 percent down since the beginning of the trading day. The stock's lowest day price was 35.6. With this module, you can estimate the performance of a buy and hold strategy of Misr Chemical Industries and determine expected loss or profit from investing in Misr Chemical over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Misr
Misr Chemical '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 Misr Chemical's 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 Misr Chemical.
0.00
11/30/2023
No Change 0.00
0.0
In 11 months and 27 days
11/24/2024
0.00
If you would invest 0.00 in Misr Chemical on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Misr Chemical Industries or generate 0.0% return on investment in Misr Chemical over 360 days.
Misr Chemical 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 Misr Chemical's 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 Misr Chemical Industries upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Misr Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Misr Chemical's standard deviation. In reality, there are many statistical measures that can use Misr Chemical historical prices to predict the future Misr Chemical's volatility.
Misr Chemical appears to be very steady, given 3 months investment horizon. Misr Chemical Industries has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Misr Chemical, which you can use to evaluate the volatility of the firm. Please exercise Misr Chemical's Risk Adjusted Performance of 0.1213, mean deviation of 1.51, and Downside Deviation of 2.0 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Misr Chemical holds a performance score of 16. The company secures a Beta (Market Risk) of -0.0519, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Misr Chemical are expected to decrease at a much lower rate. During the bear market, Misr Chemical is likely to outperform the market. Please check Misr Chemical's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Misr Chemical's current price movements will revert.
Auto-correlation
-0.62
Very good reverse predictability
Misr Chemical Industries has very good reverse predictability. Overlapping area represents the amount of predictability between Misr Chemical time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Misr Chemical Industries price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Misr Chemical price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.62
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
27.65
Misr Chemical Industries lagged returns against current returns
Autocorrelation, which is Misr Chemical 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 Misr Chemical's stock expected returns. We can calculate the autocorrelation of Misr Chemical returns to help us make a trade decision. For example, suppose you find that Misr Chemical 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
Misr Chemical 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 Misr Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Misr Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Misr Chemical stock over time.
Current vs Lagged Prices
Timeline
Misr Chemical Lagged Returns
When evaluating Misr Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Misr Chemical stock have on its future price. Misr Chemical 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, Misr Chemical autocorrelation shows the relationship between Misr Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Misr Chemical Industries.
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.