Mills Music Trust Stock Market Value

MMTRS Stock  USD 35.50  0.00  0.00%   
Mills Music's market value is the price at which a share of Mills Music trades on a public exchange. It measures the collective expectations of Mills Music Trust investors about its performance. Mills Music is selling for under 35.50 as of the 21st of January 2025; that is No Change since the beginning of the trading day. The stock's lowest day price was 35.5.
With this module, you can estimate the performance of a buy and hold strategy of Mills Music Trust and determine expected loss or profit from investing in Mills Music over a given investment horizon. Check out Mills Music Correlation, Mills Music Volatility and Mills Music Alpha and Beta module to complement your research on Mills Music.
Symbol

Please note, there is a significant difference between Mills Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mills Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mills Music's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Mills Music '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 Mills Music'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 Mills Music.
0.00
12/22/2024
No Change 0.00  0.0 
In 31 days
01/21/2025
0.00
If you would invest  0.00  in Mills Music on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Mills Music Trust or generate 0.0% return on investment in Mills Music over 30 days. Mills Music is related to or competes with DATA Communications, Aramark Holdings, Civeo Corp, ABM Industries, and Maximus. Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to musi... More

Mills Music 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 Mills Music'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 Mills Music Trust upside and downside potential and time the market with a certain degree of confidence.

Mills Music Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mills Music's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mills Music's standard deviation. In reality, there are many statistical measures that can use Mills Music historical prices to predict the future Mills Music's volatility.
Hype
Prediction
LowEstimatedHigh
34.0835.5036.92
Details
Intrinsic
Valuation
LowRealHigh
34.4535.8737.29
Details
Naive
Forecast
LowNextHigh
35.1936.6138.04
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
000.01
Details

Mills Music Trust Backtested Returns

Mills Music Trust has Sharpe Ratio of -0.0261, which conveys that the firm had a -0.0261 % return per unit of risk over the last 3 months. Mills Music exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mills Music's Risk Adjusted Performance of (0.02), standard deviation of 1.42, and Mean Deviation of 0.5272 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mills Music's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mills Music is expected to be smaller as well. At this point, Mills Music Trust has a negative expected return of -0.0371%. Please make sure to verify Mills Music's variance and skewness , to decide if Mills Music Trust performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  Huge  

Perfect predictability

Mills Music Trust has perfect predictability. Overlapping area represents the amount of predictability between Mills Music time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mills Music Trust price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Mills Music price fluctuation can be explain by its past prices.
Correlation Coefficient92233.7 T
Spearman Rank Test0.4
Residual Average0.0
Price Variance0.45

Mills Music Trust lagged returns against current returns

Autocorrelation, which is Mills Music 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 Mills Music's pink sheet expected returns. We can calculate the autocorrelation of Mills Music returns to help us make a trade decision. For example, suppose you find that Mills Music 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  

Mills Music 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 Mills Music pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mills Music pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mills Music pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Mills Music Lagged Returns

When evaluating Mills Music's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mills Music pink sheet have on its future price. Mills Music 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, Mills Music autocorrelation shows the relationship between Mills Music pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mills Music Trust.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Mills Pink Sheet Analysis

When running Mills Music's price analysis, check to measure Mills Music'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 Mills Music is operating at the current time. Most of Mills Music's value examination focuses on studying past and present price action to predict the probability of Mills Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mills Music's price. Additionally, you may evaluate how the addition of Mills Music to your portfolios can decrease your overall portfolio volatility.