MORISON INDUSTRIES (Nigeria) Market Value
| MORISON Stock | 4.45 0.00 0.00% |
| Symbol | MORISON |
MORISON INDUSTRIES '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 MORISON INDUSTRIES'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 MORISON INDUSTRIES.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in MORISON INDUSTRIES on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding MORISON INDUSTRIES PLC or generate 0.0% return on investment in MORISON INDUSTRIES over 30 days.
MORISON INDUSTRIES 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 MORISON INDUSTRIES'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 MORISON INDUSTRIES PLC upside and downside potential and time the market with a certain degree of confidence.
MORISON INDUSTRIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MORISON INDUSTRIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MORISON INDUSTRIES's standard deviation. In reality, there are many statistical measures that can use MORISON INDUSTRIES historical prices to predict the future MORISON INDUSTRIES's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MORISON INDUSTRIES's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MORISON INDUSTRIES PLC Backtested Returns
We have found three technical indicators for MORISON INDUSTRIES, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and MORISON INDUSTRIES are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
MORISON INDUSTRIES PLC has no correlation between past and present. Overlapping area represents the amount of predictability between MORISON INDUSTRIES time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 MORISON INDUSTRIES PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current MORISON INDUSTRIES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MORISON INDUSTRIES PLC lagged returns against current returns
Autocorrelation, which is MORISON INDUSTRIES 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 MORISON INDUSTRIES's stock expected returns. We can calculate the autocorrelation of MORISON INDUSTRIES returns to help us make a trade decision. For example, suppose you find that MORISON INDUSTRIES 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 |
MORISON INDUSTRIES 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 MORISON INDUSTRIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MORISON INDUSTRIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MORISON INDUSTRIES stock over time.
Current vs Lagged Prices |
| Timeline |
MORISON INDUSTRIES Lagged Returns
When evaluating MORISON INDUSTRIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MORISON INDUSTRIES stock have on its future price. MORISON INDUSTRIES 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, MORISON INDUSTRIES autocorrelation shows the relationship between MORISON INDUSTRIES stock current value and its past values and can show if there is a momentum factor associated with investing in MORISON INDUSTRIES PLC.
Regressed Prices |
| Timeline |