Mongolia Growth Group Stock Market Value
| MNGGF Stock | USD 0.99 0.01 1.00% |
| Symbol | Mongolia |
Mongolia Growth '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 Mongolia Growth'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 Mongolia Growth.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Mongolia Growth on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Mongolia Growth Group or generate 0.0% return on investment in Mongolia Growth over 720 days. Mongolia Growth is related to or competes with Ke Holdings, Ucommune International, MDJM, New Concept, J W, Frp Holdings, and Maui Land. Mongolia Growth Group Ltd., together with its subsidiaries, provides property management, leasing, renovation, and devel... More
Mongolia Growth 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 Mongolia Growth'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 Mongolia Growth Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.09 |
Mongolia Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mongolia Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mongolia Growth's standard deviation. In reality, there are many statistical measures that can use Mongolia Growth historical prices to predict the future Mongolia Growth's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.1) |
Mongolia Growth Group Backtested Returns
Mongolia Growth Group has Sharpe Ratio of -0.049, which conveys that the firm had a -0.049% return per unit of risk over the last 3 months. Mongolia Growth exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mongolia Growth's Mean Deviation of 1.4, standard deviation of 2.04, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mongolia Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mongolia Growth is expected to be smaller as well. At this point, Mongolia Growth Group has a negative expected return of -0.0993%. Please make sure to verify Mongolia Growth's value at risk and the relationship between the kurtosis and market facilitation index , to decide if Mongolia Growth Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Mongolia Growth Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mongolia Growth time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Mongolia Growth Group price movement. The serial correlation of -0.19 indicates that over 19.0% of current Mongolia Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mongolia Growth Group lagged returns against current returns
Autocorrelation, which is Mongolia Growth 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 Mongolia Growth's pink sheet expected returns. We can calculate the autocorrelation of Mongolia Growth returns to help us make a trade decision. For example, suppose you find that Mongolia Growth 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 |
Mongolia Growth 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 Mongolia Growth pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mongolia Growth pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mongolia Growth pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mongolia Growth Lagged Returns
When evaluating Mongolia Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mongolia Growth pink sheet have on its future price. Mongolia Growth 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, Mongolia Growth autocorrelation shows the relationship between Mongolia Growth pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mongolia Growth Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mongolia Pink Sheet
Mongolia Growth financial ratios help investors to determine whether Mongolia 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 Mongolia with respect to the benefits of owning Mongolia Growth security.