Hotel Majestic (France) Market Value
| MLHMC Stock | EUR 5,200 0.00 0.00% |
| Symbol | Hotel |
Hotel Majestic '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 Hotel Majestic'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 Hotel Majestic.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hotel Majestic on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Hotel Majestic Cannes or generate 0.0% return on investment in Hotel Majestic over 180 days. Hotel Majestic is related to or competes with Eutelsat Communications, Novatech Industries, Axway Software, Sartorius Stedim, Technip Energies, and Guandao Puer. Htel Majestic Cannes engages in operating the Htel Majestic Barrire Cannes More
Hotel Majestic 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 Hotel Majestic'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 Hotel Majestic Cannes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.12 |
Hotel Majestic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotel Majestic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotel Majestic's standard deviation. In reality, there are many statistical measures that can use Hotel Majestic historical prices to predict the future Hotel Majestic's volatility.| Risk Adjusted Performance | 0.025 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.3871 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hotel Majestic'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.
Hotel Majestic Cannes Backtested Returns
Hotel Majestic Cannes holds Efficiency (Sharpe) Ratio of -0.039, which attests that the entity had a -0.039% return per unit of risk over the last 3 months. Hotel Majestic Cannes exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hotel Majestic's Risk Adjusted Performance of 0.025, standard deviation of 1.76, and Market Risk Adjusted Performance of 0.3971 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0892, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hotel Majestic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hotel Majestic is expected to be smaller as well. At this point, Hotel Majestic Cannes has a negative expected return of -0.0604%. Please make sure to check out Hotel Majestic's information ratio, and the relationship between the coefficient of variation and skewness , to decide if Hotel Majestic Cannes performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Hotel Majestic Cannes has modest predictability. Overlapping area represents the amount of predictability between Hotel Majestic time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Hotel Majestic Cannes price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Hotel Majestic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 35.3 K |
Hotel Majestic Cannes lagged returns against current returns
Autocorrelation, which is Hotel Majestic 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 Hotel Majestic's stock expected returns. We can calculate the autocorrelation of Hotel Majestic returns to help us make a trade decision. For example, suppose you find that Hotel Majestic 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 |
Hotel Majestic 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 Hotel Majestic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotel Majestic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotel Majestic stock over time.
Current vs Lagged Prices |
| Timeline |
Hotel Majestic Lagged Returns
When evaluating Hotel Majestic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotel Majestic stock have on its future price. Hotel Majestic 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, Hotel Majestic autocorrelation shows the relationship between Hotel Majestic stock current value and its past values and can show if there is a momentum factor associated with investing in Hotel Majestic Cannes.
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 Hotel Stock Analysis
When running Hotel Majestic's price analysis, check to measure Hotel Majestic'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 Hotel Majestic is operating at the current time. Most of Hotel Majestic's value examination focuses on studying past and present price action to predict the probability of Hotel Majestic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hotel Majestic's price. Additionally, you may evaluate how the addition of Hotel Majestic to your portfolios can decrease your overall portfolio volatility.