Mikron Holding (Switzerland) Market Value
| MIKN Stock | CHF 13.50 0.75 5.26% |
| Symbol | Mikron |
Mikron Holding '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 Mikron Holding'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 Mikron Holding.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mikron Holding on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mikron Holding AG or generate 0.0% return on investment in Mikron Holding over 90 days. Mikron Holding is related to or competes with Rieter Holding, Feintool International, Komax Holding, and Bucher Industries. Mikron Holding AG, together with its subsidiaries, develops, produces, and markets automation and machining systems for ... More
Mikron Holding 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 Mikron Holding'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 Mikron Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 12.02 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.22 |
Mikron Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mikron Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mikron Holding's standard deviation. In reality, there are many statistical measures that can use Mikron Holding historical prices to predict the future Mikron Holding's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (1.10) |
Mikron Holding AG Backtested Returns
Mikron Holding AG has Sharpe Ratio of -0.22, which conveys that the firm had a -0.22% return per unit of risk over the last 3 months. Mikron Holding exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mikron Holding's Standard Deviation of 2.09, mean deviation of 1.54, and Risk Adjusted Performance of (0.16) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mikron Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mikron Holding is expected to be smaller as well. At this point, Mikron Holding AG has a negative expected return of -0.45%. Please make sure to verify Mikron Holding's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Mikron Holding AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Mikron Holding AG has modest predictability. Overlapping area represents the amount of predictability between Mikron Holding time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Mikron Holding AG price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Mikron Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Mikron Holding AG lagged returns against current returns
Autocorrelation, which is Mikron Holding 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 Mikron Holding's stock expected returns. We can calculate the autocorrelation of Mikron Holding returns to help us make a trade decision. For example, suppose you find that Mikron Holding 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 |
Mikron Holding 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 Mikron Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mikron Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mikron Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Mikron Holding Lagged Returns
When evaluating Mikron Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mikron Holding stock have on its future price. Mikron Holding 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, Mikron Holding autocorrelation shows the relationship between Mikron Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Mikron Holding AG.
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 Mikron Stock Analysis
When running Mikron Holding's price analysis, check to measure Mikron Holding's 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 Mikron Holding is operating at the current time. Most of Mikron Holding's value examination focuses on studying past and present price action to predict the probability of Mikron Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mikron Holding's price. Additionally, you may evaluate how the addition of Mikron Holding to your portfolios can decrease your overall portfolio volatility.