Mitsubishi Electric (Germany) Market Value
| MIE1 Stock | EUR 15.63 0.37 2.31% |
| Symbol | Mitsubishi |
Mitsubishi Electric '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 Mitsubishi Electric'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 Mitsubishi Electric.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mitsubishi Electric on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mitsubishi Electric or generate 0.0% return on investment in Mitsubishi Electric over 180 days. Mitsubishi Electric is related to or competes with MCEWEN MINING, Perseus Mining, CONAGRA FOODS, National Beverage, BORR DRILLING, Lifeway Foods, and Performance Food. Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment world... More
Mitsubishi Electric 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 Mitsubishi Electric'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 Mitsubishi Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 12.78 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 4.87 |
Mitsubishi Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsubishi Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsubishi Electric's standard deviation. In reality, there are many statistical measures that can use Mitsubishi Electric historical prices to predict the future Mitsubishi Electric's volatility.| Risk Adjusted Performance | 0.0764 | |||
| Jensen Alpha | 0.2171 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0398 | |||
| Treynor Ratio | (3.65) |
Mitsubishi Electric Backtested Returns
At this point, Mitsubishi Electric is not too volatile. Mitsubishi Electric has Sharpe Ratio of 0.0591, which conveys that the firm had a 0.0591% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mitsubishi Electric, which you can use to evaluate the volatility of the firm. Please verify Mitsubishi Electric's Risk Adjusted Performance of 0.0764, downside deviation of 2.3, and Mean Deviation of 1.8 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Mitsubishi Electric has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0576, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mitsubishi Electric are expected to decrease at a much lower rate. During the bear market, Mitsubishi Electric is likely to outperform the market. Mitsubishi Electric right now secures a risk of 2.44%. Please verify Mitsubishi Electric maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Mitsubishi Electric will be following its current price movements.
Auto-correlation | -0.62 |
Very good reverse predictability
Mitsubishi Electric has very good reverse predictability. Overlapping area represents the amount of predictability between Mitsubishi Electric time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Mitsubishi Electric price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Mitsubishi Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Mitsubishi Electric lagged returns against current returns
Autocorrelation, which is Mitsubishi Electric 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 Mitsubishi Electric's stock expected returns. We can calculate the autocorrelation of Mitsubishi Electric returns to help us make a trade decision. For example, suppose you find that Mitsubishi Electric 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 |
Mitsubishi Electric 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 Mitsubishi Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsubishi Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsubishi Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Mitsubishi Electric Lagged Returns
When evaluating Mitsubishi Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsubishi Electric stock have on its future price. Mitsubishi Electric 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, Mitsubishi Electric autocorrelation shows the relationship between Mitsubishi Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Mitsubishi Electric.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mitsubishi Stock
Mitsubishi Electric financial ratios help investors to determine whether Mitsubishi 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 Mitsubishi with respect to the benefits of owning Mitsubishi Electric security.