MMTC (India) Market Value
| MMTC Stock | 74.40 0.78 1.06% |
| Symbol | MMTC |
MMTC '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 MMTC'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 MMTC.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in MMTC on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding MMTC Limited or generate 0.0% return on investment in MMTC over 30 days. MMTC is related to or competes with Orissa Minerals, DSJ Keep, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. MMTC is entity of India. It is traded as Stock on NSE exchange. More
MMTC 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 MMTC'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 MMTC Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 3.3 |
MMTC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MMTC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MMTC's standard deviation. In reality, there are many statistical measures that can use MMTC historical prices to predict the future MMTC's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | 23.86 |
MMTC Limited Backtested Returns
MMTC Limited has Sharpe Ratio of -0.22, which conveys that the firm had a -0.22% return per unit of standard deviation over the last 3 months. MMTC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MMTC's Market Risk Adjusted Performance of 23.87, risk adjusted performance of (0.17), and Mean Deviation of 1.59 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0206, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MMTC are expected to decrease at a much lower rate. During the bear market, MMTC is likely to outperform the market. At this point, MMTC Limited has a negative expected return of -0.46%. Please make sure to verify MMTC's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if MMTC Limited performance from the past will be repeated at future time.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
MMTC Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between MMTC 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 MMTC Limited price movement. The serial correlation of -0.74 indicates that around 74.0% of current MMTC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 3.14 |
MMTC Limited lagged returns against current returns
Autocorrelation, which is MMTC 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 MMTC's stock expected returns. We can calculate the autocorrelation of MMTC returns to help us make a trade decision. For example, suppose you find that MMTC 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 |
MMTC 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 MMTC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MMTC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MMTC stock over time.
Current vs Lagged Prices |
| Timeline |
MMTC Lagged Returns
When evaluating MMTC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MMTC stock have on its future price. MMTC 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, MMTC autocorrelation shows the relationship between MMTC stock current value and its past values and can show if there is a momentum factor associated with investing in MMTC Limited.
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 MMTC Stock Analysis
When running MMTC's price analysis, check to measure MMTC'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 MMTC is operating at the current time. Most of MMTC's value examination focuses on studying past and present price action to predict the probability of MMTC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MMTC's price. Additionally, you may evaluate how the addition of MMTC to your portfolios can decrease your overall portfolio volatility.