Makita (Germany) Market Value
| MK2A Stock | EUR 29.60 1.42 5.04% |
| Symbol | Makita |
Makita '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 Makita'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 Makita.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Makita on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Makita or generate 0.0% return on investment in Makita over 30 days. Makita is related to or competes with Stanley Black, AB SKF, MISUMI GROUP, and . Makita Corporation engages in the manufacture and wholesale of electric power tools, woodworking machines, pneumatic too... More
Makita 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 Makita'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 Makita upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.16 |
Makita Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Makita's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Makita's standard deviation. In reality, there are many statistical measures that can use Makita historical prices to predict the future Makita's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.2267 |
Makita Backtested Returns
At this point, Makita is very steady. Makita has Sharpe Ratio of 0.021, which conveys that the firm had a 0.021% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Makita, which you can use to evaluate the volatility of the firm. Please verify Makita's Standard Deviation of 2.32, insignificant risk adjusted performance, and Mean Deviation of 1.63 to check out if the risk estimate we provide is consistent with the expected return of 0.0512%. Makita has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Makita are expected to decrease at a much lower rate. During the bear market, Makita is likely to outperform the market. Makita right now secures a risk of 2.44%. Please verify Makita information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Makita will be following its current price movements.
Auto-correlation | -0.5 |
Modest reverse predictability
Makita has modest reverse predictability. Overlapping area represents the amount of predictability between Makita 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 Makita price movement. The serial correlation of -0.5 indicates that about 50.0% of current Makita price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Makita lagged returns against current returns
Autocorrelation, which is Makita 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 Makita's stock expected returns. We can calculate the autocorrelation of Makita returns to help us make a trade decision. For example, suppose you find that Makita 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 |
Makita 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 Makita stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Makita stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Makita stock over time.
Current vs Lagged Prices |
| Timeline |
Makita Lagged Returns
When evaluating Makita's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Makita stock have on its future price. Makita 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, Makita autocorrelation shows the relationship between Makita stock current value and its past values and can show if there is a momentum factor associated with investing in Makita.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Makita Stock
Makita financial ratios help investors to determine whether Makita 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 Makita with respect to the benefits of owning Makita security.