Mullen Group Stock Market Value
| MLLGF Stock | USD 11.70 0.15 1.30% |
| 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.
| 01/16/2024 |
| 01/05/2026 |
If you would invest 0.00 in Mullen Group on January 16, 2024 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 Dongjiang Environmental, Renew Holdings, Volex Plc, Cebu Air, Cargojet, Bonheur ASA, and Hosiden. 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 | 2.63 | |||
| Information Ratio | 0.0908 | |||
| Maximum Drawdown | 18.44 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.47 |
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 | 0.1014 | |||
| Jensen Alpha | 0.318 | |||
| Total Risk Alpha | 0.0519 | |||
| Sortino Ratio | 0.0711 | |||
| Treynor Ratio | (0.33) |
Mullen Group Backtested Returns
Mullen Group appears to be not too volatile, given 3 months investment horizon. Mullen Group has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mullen Group, which you can use to evaluate the volatility of the firm. Please exercise Mullen Group's Risk Adjusted Performance of 0.1014, downside deviation of 2.63, and Mean Deviation of 1.15 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mullen Group holds a performance score of 10. The company secures a Beta (Market Risk) of -0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mullen Group are expected to decrease at a much lower rate. During the bear market, Mullen Group is likely to outperform the market. Please check Mullen Group's downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Mullen Group's current price movements will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Mullen Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mullen Group time series from 16th of January 2024 to 10th of January 2025 and 10th of January 2025 to 5th of January 2026. 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 -0.16 indicates that over 16.0% of current Mullen Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.27 | |
| 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.