Mirvac (Germany) Market Value
| MJB Stock | EUR 1.32 0.04 3.13% |
| Symbol | Mirvac |
Mirvac '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 Mirvac'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 Mirvac.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mirvac on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mirvac Group or generate 0.0% return on investment in Mirvac over 30 days. Mirvac is related to or competes with SOLSTAD OFFSHORE, SIEM OFFSHORE, WT OFFSHORE, Hitachi Construction, CSSC Offshore, and SWISS WATER. Mirvac is a leading, diversified Australian property group, with an integrated development and asset management capabili... More
Mirvac 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 Mirvac'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 Mirvac Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0298 | |||
| Maximum Drawdown | 6.99 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.46 |
Mirvac Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirvac's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirvac's standard deviation. In reality, there are many statistical measures that can use Mirvac historical prices to predict the future Mirvac's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 0.1643 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0296 | |||
| Treynor Ratio | (14.17) |
Mirvac Group Backtested Returns
At this point, Mirvac is risky. Mirvac Group has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mirvac, which you can use to evaluate the volatility of the firm. Please verify Mirvac's Risk Adjusted Performance of 0.0939, downside deviation of 1.5, and Mean Deviation of 1.18 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Mirvac has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0115, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mirvac are expected to decrease at a much lower rate. During the bear market, Mirvac is likely to outperform the market. Mirvac Group right now secures a risk of 1.48%. Please verify Mirvac Group total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Mirvac Group will be following its current price movements.
Auto-correlation | 0.20 |
Weak predictability
Mirvac Group has weak predictability. Overlapping area represents the amount of predictability between Mirvac time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Mirvac Group price movement. The serial correlation of 0.2 indicates that over 20.0% of current Mirvac price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mirvac Group lagged returns against current returns
Autocorrelation, which is Mirvac 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 Mirvac's stock expected returns. We can calculate the autocorrelation of Mirvac returns to help us make a trade decision. For example, suppose you find that Mirvac 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 |
Mirvac 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 Mirvac stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirvac stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirvac stock over time.
Current vs Lagged Prices |
| Timeline |
Mirvac Lagged Returns
When evaluating Mirvac's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirvac stock have on its future price. Mirvac 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, Mirvac autocorrelation shows the relationship between Mirvac stock current value and its past values and can show if there is a momentum factor associated with investing in Mirvac Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mirvac Stock
Mirvac financial ratios help investors to determine whether Mirvac 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 Mirvac with respect to the benefits of owning Mirvac security.