Merit Group (UK) Market Value
| MRIT Stock | 33.00 2.50 7.04% |
| Symbol | Merit |
Merit Group '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 Merit Group'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 Merit Group.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Merit Group on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Merit Group PLC or generate 0.0% return on investment in Merit Group over 390 days. Merit Group is related to or competes with Kinnevik Investment, Monks Investment, Made Tech, L3Harris Technologies, Aberdeen Diversified, DXC Technology, and Microchip Technology. Merit Group is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Merit Group 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 Merit Group'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 Merit Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 38.02 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 1.3 |
Merit Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merit Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merit Group's standard deviation. In reality, there are many statistical measures that can use Merit Group historical prices to predict the future Merit Group's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.10) | |||
| Total Risk Alpha | (1.67) | |||
| Treynor Ratio | (1.75) |
Merit Group PLC Backtested Returns
Merit Group PLC has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19% return per unit of risk over the last 3 months. Merit Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Merit Group's Mean Deviation of 1.86, risk adjusted performance of (0.15), and Standard Deviation of 4.85 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Merit Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Merit Group is expected to be smaller as well. At this point, Merit Group PLC has a negative expected return of -0.95%. Please make sure to verify Merit Group's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Merit Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Merit Group PLC has modest predictability. Overlapping area represents the amount of predictability between Merit Group time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 Merit Group PLC price movement. The serial correlation of 0.51 indicates that about 51.0% of current Merit Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 226.82 |
Merit Group PLC lagged returns against current returns
Autocorrelation, which is Merit Group 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 Merit Group's stock expected returns. We can calculate the autocorrelation of Merit Group returns to help us make a trade decision. For example, suppose you find that Merit Group 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 |
Merit Group 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 Merit Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merit Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merit Group stock over time.
Current vs Lagged Prices |
| Timeline |
Merit Group Lagged Returns
When evaluating Merit Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merit Group stock have on its future price. Merit Group 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, Merit Group autocorrelation shows the relationship between Merit Group stock current value and its past values and can show if there is a momentum factor associated with investing in Merit Group PLC.
Regressed Prices |
| Timeline |
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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.Additional Tools for Merit Stock Analysis
When running Merit Group's price analysis, check to measure Merit Group'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 Merit Group is operating at the current time. Most of Merit Group's value examination focuses on studying past and present price action to predict the probability of Merit Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merit Group's price. Additionally, you may evaluate how the addition of Merit Group to your portfolios can decrease your overall portfolio volatility.