Micropac Industries Stock Market Value
| MPAD Stock | USD 19.72 0.07 0.36% |
| Symbol | Micropac |
Micropac 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 Micropac Industries' 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 Micropac Industries.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Micropac Industries on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Micropac Industries or generate 0.0% return on investment in Micropac Industries over 30 days. Micropac Industries is related to or competes with Boxlight Corp, Siyata Mobile, ClearOne, HUMANA, Barloworld, Morningstar Unconstrained, and Thrivent High. Micropac Industries, Inc. designs, manufactures, and distributes various types of microelectronic circuits More
Micropac 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 Micropac Industries' 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 Micropac Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.1471 | |||
| Maximum Drawdown | 25.86 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 4.84 |
Micropac Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Micropac Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Micropac Industries' standard deviation. In reality, there are many statistical measures that can use Micropac Industries historical prices to predict the future Micropac Industries' volatility.| Risk Adjusted Performance | 0.1374 | |||
| Jensen Alpha | 0.5547 | |||
| Total Risk Alpha | 0.2161 | |||
| Sortino Ratio | 0.1702 | |||
| Treynor Ratio | 0.5546 |
Micropac Industries Backtested Returns
Micropac Industries appears to be not too volatile, given 3 months investment horizon. Micropac Industries has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Micropac Industries' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise Micropac Industries' Mean Deviation of 1.75, downside deviation of 3.35, and Risk Adjusted Performance of 0.1374 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Micropac Industries holds a performance score of 11. The company secures a Beta (Market Risk) of 1.18, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Micropac Industries will likely underperform. Please check Micropac Industries' coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to make a quick decision on whether Micropac Industries' current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Micropac Industries has no correlation between past and present. Overlapping area represents the amount of predictability between Micropac Industries time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Micropac Industries price movement. The serial correlation of 0.0 indicates that just 0.0% of current Micropac Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Micropac Industries lagged returns against current returns
Autocorrelation, which is Micropac Industries 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 Micropac Industries' pink sheet expected returns. We can calculate the autocorrelation of Micropac Industries returns to help us make a trade decision. For example, suppose you find that Micropac Industries 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 |
Micropac 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 Micropac Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Micropac Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Micropac Industries pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Micropac Industries Lagged Returns
When evaluating Micropac Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Micropac Industries pink sheet have on its future price. Micropac 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, Micropac Industries autocorrelation shows the relationship between Micropac Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Micropac Industries.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Micropac Pink Sheet
Micropac Industries financial ratios help investors to determine whether Micropac 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 Micropac with respect to the benefits of owning Micropac Industries security.