Merchants National Properties Stock Market Value
| MNPP Stock | USD 1,750 38.00 2.22% |
| Symbol | Merchants |
Merchants National '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 Merchants National'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 Merchants National.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Merchants National on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Merchants National Properties or generate 0.0% return on investment in Merchants National over 30 days. Merchants National is related to or competes with Stratus Properties, and Mitsui Fudosan. Merchants National Properties, Inc. owns, manages, develops, and leases various commercial real estate properties in the... More
Merchants National 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 Merchants National'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 Merchants National Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.47 |
Merchants National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merchants National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merchants National's standard deviation. In reality, there are many statistical measures that can use Merchants National historical prices to predict the future Merchants National's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | 0.0135 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 5.33 |
Merchants National Backtested Returns
Currently, Merchants National Properties is very steady. Merchants National has Sharpe Ratio of 0.0379, which conveys that the firm had a 0.0379% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Merchants National, which you can use to evaluate the volatility of the firm. Please verify Merchants National's Risk Adjusted Performance of 0.0264, mean deviation of 0.2682, and Downside Deviation of 1.48 to check out if the risk estimate we provide is consistent with the expected return of 0.0228%. Merchants National has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0026, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Merchants National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Merchants National is expected to be smaller as well. Merchants National right now secures a risk of 0.6%. Please verify Merchants National Properties value at risk, as well as the relationship between the skewness and day typical price , to decide if Merchants National Properties will be following its current price movements.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Merchants National Properties has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Merchants National 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 Merchants National price movement. The serial correlation of -0.77 indicates that around 77.0% of current Merchants National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 270.75 |
Merchants National lagged returns against current returns
Autocorrelation, which is Merchants National 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 Merchants National's pink sheet expected returns. We can calculate the autocorrelation of Merchants National returns to help us make a trade decision. For example, suppose you find that Merchants National 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 |
Merchants National 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 Merchants National pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merchants National pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merchants National pink sheet over time.
Current vs Lagged Prices |
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Merchants National Lagged Returns
When evaluating Merchants National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merchants National pink sheet have on its future price. Merchants National 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, Merchants National autocorrelation shows the relationship between Merchants National pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Merchants National Properties.
Regressed Prices |
| Timeline |
Pair Trading with Merchants National
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Merchants National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Merchants National will appreciate offsetting losses from the drop in the long position's value.Moving against Merchants Pink Sheet
| 0.57 | HLDVF | Henderson Land | PairCorr |
| 0.34 | DIFTY | Daito Trust Construction | PairCorr |
| 0.33 | MTSFY | Mitsui Fudosan | PairCorr |
The ability to find closely correlated positions to Merchants National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Merchants National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Merchants National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Merchants National Properties to buy it.
The correlation of Merchants National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Merchants National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Merchants National moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Merchants National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Merchants Pink Sheet Analysis
When running Merchants National's price analysis, check to measure Merchants National'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 Merchants National is operating at the current time. Most of Merchants National's value examination focuses on studying past and present price action to predict the probability of Merchants National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merchants National's price. Additionally, you may evaluate how the addition of Merchants National to your portfolios can decrease your overall portfolio volatility.