Mullen Group Stock Market Value
| MLLGF Stock | USD 10.95 0.00 0.00% |
| Symbol | Mullen |
Mullen Group '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 Mullen Group'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 Mullen Group.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Mullen Group on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Mullen Group or generate 0.0% return on investment in Mullen Group over 720 days. Mullen Group is related to or competes with ArcBest Corp, Old Dominion, Saia, XPO Logistics, TFI International, and BEST. Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States More
Mullen Group 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 Mullen Group'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 Mullen Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.1 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 0.9718 |
Mullen Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mullen Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mullen Group's standard deviation. In reality, there are many statistical measures that can use Mullen Group historical prices to predict the future Mullen Group's volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1517 |
Mullen Group Backtested Returns
At this point, Mullen Group is very steady. Mullen Group has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Mullen Group, which you can use to evaluate the volatility of the firm. Please verify Mullen Group's Mean Deviation of 0.4448, risk adjusted performance of 0.0421, and Downside Deviation of 1.28 to check out if the risk estimate we provide is consistent with the expected return of 0.0701%. Mullen Group has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mullen Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mullen Group is expected to be smaller as well. Mullen Group right now secures a risk of 0.7%. Please verify Mullen Group total risk alpha, downside variance, day median price, as well as the relationship between the maximum drawdown and skewness , to decide if Mullen Group will be following its current price movements.
Auto-correlation | 0.36 |
Below average predictability
Mullen Group has below average predictability. Overlapping area represents the amount of predictability between Mullen Group time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Mullen Group price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Mullen Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Mullen Group lagged returns against current returns
Autocorrelation, which is Mullen Group 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 Mullen Group's pink sheet expected returns. We can calculate the autocorrelation of Mullen Group returns to help us make a trade decision. For example, suppose you find that Mullen Group 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 |
Mullen Group 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 Mullen Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mullen Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mullen Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mullen Group Lagged Returns
When evaluating Mullen Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mullen Group pink sheet have on its future price. Mullen Group 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, Mullen Group autocorrelation shows the relationship between Mullen Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mullen Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mullen Pink Sheet
Mullen Group financial ratios help investors to determine whether Mullen 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 Mullen with respect to the benefits of owning Mullen Group security.