Mirion Technologies Stock Market Value
| MIR Stock | USD 15.84 0.27 1.73% |
| Symbol | Mirion |
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mirion Technologies. If investors know Mirion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mirion Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Mirion Technologies is measured differently than its book value, which is the value of Mirion that is recorded on the company's balance sheet. Investors also form their own opinion of Mirion Technologies' value that differs from its market value or its book value, called intrinsic value, which is Mirion Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mirion Technologies' market value can be influenced by many factors that don't directly affect Mirion Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mirion Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mirion Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirion Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mirion Technologies '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 Mirion Technologies' 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 Mirion Technologies.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Mirion Technologies on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Mirion Technologies or generate 0.0% return on investment in Mirion Technologies over 360 days. Mirion Technologies is related to or competes with Enpro Industries, Graham, CSW Industrials, Gorman Rupp, Hurco Companies, Enerpac Tool, and Omega Flex. Mirion Technologies, Inc. provides radiation detection, measurement, analysis, and monitoring products and services in t... More
Mirion Technologies 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 Mirion Technologies' 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 Mirion Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.31 | |||
| Information Ratio | 0.0281 | |||
| Maximum Drawdown | 24.78 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 4.23 |
Mirion Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirion Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirion Technologies' standard deviation. In reality, there are many statistical measures that can use Mirion Technologies historical prices to predict the future Mirion Technologies' volatility.| Risk Adjusted Performance | 0.0501 | |||
| Jensen Alpha | 0.0922 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0227 | |||
| Treynor Ratio | 0.1539 |
Mirion Technologies Backtested Returns
Currently, Mirion Technologies is not too volatile. Mirion Technologies has Sharpe Ratio of 0.0507, which conveys that the firm had a 0.0507 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mirion Technologies, which you can use to evaluate the volatility of the firm. Please verify Mirion Technologies' Downside Deviation of 4.31, mean deviation of 2.28, and Risk Adjusted Performance of 0.0501 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Mirion Technologies has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.08, which conveys a somewhat significant risk relative to the market. Mirion Technologies returns are very sensitive to returns on the market. As the market goes up or down, Mirion Technologies is expected to follow. Mirion Technologies right now secures a risk of 3.48%. Please verify Mirion Technologies value at risk, as well as the relationship between the skewness and day median price , to decide if Mirion Technologies will be following its current price movements.
Auto-correlation | 0.24 |
Weak predictability
Mirion Technologies has weak predictability. Overlapping area represents the amount of predictability between Mirion Technologies time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mirion Technologies price movement. The serial correlation of 0.24 indicates that over 24.0% of current Mirion Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 8.85 |
Mirion Technologies lagged returns against current returns
Autocorrelation, which is Mirion Technologies 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 Mirion Technologies' stock expected returns. We can calculate the autocorrelation of Mirion Technologies returns to help us make a trade decision. For example, suppose you find that Mirion Technologies 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 |
Mirion Technologies 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 Mirion Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirion Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirion Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Mirion Technologies Lagged Returns
When evaluating Mirion Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirion Technologies stock have on its future price. Mirion Technologies 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, Mirion Technologies autocorrelation shows the relationship between Mirion Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Mirion Technologies.
Regressed Prices |
| Timeline |
Additional Tools for Mirion Stock Analysis
When running Mirion Technologies' price analysis, check to measure Mirion Technologies' 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 Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.