Merck Kgaa Adr Stock Market Value
| MKKGY Stock | USD 29.53 0.45 1.55% |
| Symbol | Merck |
Merck KGaA '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 Merck KGaA'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 Merck KGaA.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Merck KGaA on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Merck KGaA ADR or generate 0.0% return on investment in Merck KGaA over 30 days. Merck KGaA is related to or competes with Recruit Holdings, Fresenius, Straumann Holding, MERCK Kommanditgesells, and Ono Pharmaceutical. MERCK Kommanditgesellschaft auf Aktien operates in the healthcare, life science, and electronics sectors worldwide More
Merck KGaA 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 Merck KGaA'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 Merck KGaA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 10.68 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 1.55 |
Merck KGaA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merck KGaA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merck KGaA's standard deviation. In reality, there are many statistical measures that can use Merck KGaA historical prices to predict the future Merck KGaA's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.91) |
Merck KGaA ADR Backtested Returns
Merck KGaA ADR has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23% return per unit of risk over the last 3 months. Merck KGaA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Merck KGaA's Risk Adjusted Performance of (0.16), mean deviation of 1.15, and Standard Deviation of 1.7 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Merck KGaA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Merck KGaA is expected to be smaller as well. At this point, Merck KGaA ADR has a negative expected return of -0.39%. Please make sure to verify Merck KGaA's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Merck KGaA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Merck KGaA ADR has modest predictability. Overlapping area represents the amount of predictability between Merck KGaA time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Merck KGaA ADR price movement. The serial correlation of 0.55 indicates that about 55.0% of current Merck KGaA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 1.65 |
Merck KGaA ADR lagged returns against current returns
Autocorrelation, which is Merck KGaA 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 Merck KGaA's pink sheet expected returns. We can calculate the autocorrelation of Merck KGaA returns to help us make a trade decision. For example, suppose you find that Merck KGaA 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 |
Merck KGaA 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 Merck KGaA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merck KGaA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merck KGaA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Merck KGaA Lagged Returns
When evaluating Merck KGaA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merck KGaA pink sheet have on its future price. Merck KGaA 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, Merck KGaA autocorrelation shows the relationship between Merck KGaA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Merck KGaA ADR.
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 Merck Pink Sheet Analysis
When running Merck KGaA's price analysis, check to measure Merck KGaA'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 Merck KGaA is operating at the current time. Most of Merck KGaA's value examination focuses on studying past and present price action to predict the probability of Merck KGaA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merck KGaA's price. Additionally, you may evaluate how the addition of Merck KGaA to your portfolios can decrease your overall portfolio volatility.