Mills Music Trust Stock Market Value
| MMTRS Stock | USD 37.00 0.00 0.00% |
| Symbol | Mills |
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.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Mills Music on December 7, 2022 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 720 days. Mills Music is related to or competes with Cintas, Thomson Reuters, Global Payments, RB Global, and Sodexo PK. 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.
| Downside Deviation | 9.76 | |||
| Information Ratio | 0.0238 | |||
| Maximum Drawdown | 42.86 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.86 |
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.| Risk Adjusted Performance | 0.0508 | |||
| Jensen Alpha | 0.1497 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0098 | |||
| Treynor Ratio | 0.394 |
Mills Music Trust Backtested Returns
Mills Music appears to be not too volatile, given 3 months investment horizon. Mills Music Trust has Sharpe Ratio of 0.0569, which conveys that the firm had a 0.0569% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Mills Music, which you can use to evaluate the volatility of the firm. Please exercise Mills Music's Risk Adjusted Performance of 0.0508, downside deviation of 9.76, and Mean Deviation of 1.39 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mills Music holds a performance score of 4. The company secures a Beta (Market Risk) of 0.54, which conveys possible diversification benefits within a given portfolio. 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. Please check Mills Music's variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness , to make a quick decision on whether Mills Music's current price movements will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Mills Music Trust has weak reverse predictability. Overlapping area represents the amount of predictability between Mills Music time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Mills Music Trust price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Mills Music price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.63 |
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
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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.