Mitesco Stock Market Value
| MITI Stock | USD 0.46 0.14 23.33% |
| Symbol | Mitesco |
Mitesco '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 Mitesco's pink sheet 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 Mitesco.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Mitesco on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Mitesco or generate 0.0% return on investment in Mitesco over 720 days. Mitesco is related to or competes with Healthcare Triangle, Bullfrog, and Cogstate. Mitesco, Inc. operates medical clinics under the The Good Clinic name in North East Minneapolis, the United States More
Mitesco 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 Mitesco's pink sheet 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 Mitesco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.54 | |||
| Information Ratio | 0.1703 | |||
| Maximum Drawdown | 187.85 | |||
| Value At Risk | (51.72) | |||
| Potential Upside | 100.0 |
Mitesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitesco's standard deviation. In reality, there are many statistical measures that can use Mitesco historical prices to predict the future Mitesco's volatility.| Risk Adjusted Performance | 0.1426 | |||
| Jensen Alpha | 5.21 | |||
| Total Risk Alpha | 0.5959 | |||
| Sortino Ratio | 0.2076 | |||
| Treynor Ratio | 0.6204 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitesco's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mitesco Backtested Returns
Mitesco is out of control given 3 months investment horizon. Mitesco has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 6.53% are justified by taking the suggested risk. Use Mitesco Risk Adjusted Performance of 0.1426, downside deviation of 30.54, and Mean Deviation of 21.42 to evaluate company specific risk that cannot be diversified away. Mitesco holds a performance score of 13 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 10.42, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mitesco will likely underperform. Use Mitesco potential upside, as well as the relationship between the kurtosis and price action indicator , to analyze future returns on Mitesco.
Auto-correlation | -0.5 |
Modest reverse predictability
Mitesco has modest reverse predictability. Overlapping area represents the amount of predictability between Mitesco time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Mitesco price movement. The serial correlation of -0.5 indicates that about 50.0% of current Mitesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Mitesco lagged returns against current returns
Autocorrelation, which is Mitesco pink sheet'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 Mitesco's pink sheet expected returns. We can calculate the autocorrelation of Mitesco returns to help us make a trade decision. For example, suppose you find that Mitesco has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Mitesco 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 Mitesco pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitesco pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitesco pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mitesco Lagged Returns
When evaluating Mitesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitesco pink sheet have on its future price. Mitesco 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, Mitesco autocorrelation shows the relationship between Mitesco pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mitesco.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mitesco Pink Sheet
Mitesco financial ratios help investors to determine whether Mitesco Pink Sheet 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 Mitesco with respect to the benefits of owning Mitesco security.