MICRONIC MYDATA (Germany) Market Value
| MLT Stock | EUR 33.78 0.36 1.08% |
| Symbol | MICRONIC |
MICRONIC MYDATA '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 MICRONIC MYDATA'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 MICRONIC MYDATA.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in MICRONIC MYDATA on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding MICRONIC MYDATA or generate 0.0% return on investment in MICRONIC MYDATA over 720 days. MICRONIC MYDATA is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
MICRONIC MYDATA 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 MICRONIC MYDATA'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 MICRONIC MYDATA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.16 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 3.24 |
MICRONIC MYDATA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MICRONIC MYDATA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MICRONIC MYDATA's standard deviation. In reality, there are many statistical measures that can use MICRONIC MYDATA historical prices to predict the future MICRONIC MYDATA's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0551 |
MICRONIC MYDATA Backtested Returns
At this point, MICRONIC MYDATA is very steady. MICRONIC MYDATA retains Efficiency (Sharpe Ratio) of 0.0448, which conveys that the firm had a 0.0448% return per unit of risk over the last 3 months. We have found thirty technical indicators for MICRONIC MYDATA, which you can use to evaluate the volatility of the firm. Please verify MICRONIC MYDATA's Mean Deviation of 1.59, semi deviation of 2.02, and Market Risk Adjusted Performance of 0.0651 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. MICRONIC MYDATA has a performance score of 3 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MICRONIC MYDATA's returns are expected to increase less than the market. However, during the bear market, the loss of holding MICRONIC MYDATA is expected to be smaller as well. MICRONIC MYDATA now owns a risk of 2.26%. Please verify MICRONIC MYDATA semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if MICRONIC MYDATA will be following its current price history.
Auto-correlation | 0.92 |
Excellent predictability
MICRONIC MYDATA has excellent predictability. Overlapping area represents the amount of predictability between MICRONIC MYDATA time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 MICRONIC MYDATA price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current MICRONIC MYDATA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 30.29 |
MICRONIC MYDATA lagged returns against current returns
Autocorrelation, which is MICRONIC MYDATA 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 MICRONIC MYDATA's stock expected returns. We can calculate the autocorrelation of MICRONIC MYDATA returns to help us make a trade decision. For example, suppose you find that MICRONIC MYDATA 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 |
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MICRONIC MYDATA 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 MICRONIC MYDATA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MICRONIC MYDATA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MICRONIC MYDATA stock over time.
Current vs Lagged Prices |
| Timeline |
MICRONIC MYDATA Lagged Returns
When evaluating MICRONIC MYDATA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MICRONIC MYDATA stock have on its future price. MICRONIC MYDATA 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, MICRONIC MYDATA autocorrelation shows the relationship between MICRONIC MYDATA stock current value and its past values and can show if there is a momentum factor associated with investing in MICRONIC MYDATA.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in MICRONIC Stock
MICRONIC MYDATA financial ratios help investors to determine whether MICRONIC 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 MICRONIC with respect to the benefits of owning MICRONIC MYDATA security.