MISUMI GROUP (Germany) Market Value
| MS3 Stock | EUR 14.90 0.40 2.61% |
| Symbol | MISUMI |
MISUMI 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 MISUMI 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 MISUMI GROUP.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in MISUMI GROUP on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding MISUMI GROUP INC or generate 0.0% return on investment in MISUMI GROUP over 30 days. MISUMI GROUP is related to or competes with Stanley Black, AB SKF, Makita. MISUMI Group Inc. engages in the factory automation and die components businesses worldwide More
MISUMI 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 MISUMI 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 MISUMI GROUP INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.76 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 4.43 |
MISUMI GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MISUMI GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MISUMI GROUP's standard deviation. In reality, there are many statistical measures that can use MISUMI GROUP historical prices to predict the future MISUMI GROUP's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 2.84 |
MISUMI GROUP INC Backtested Returns
MISUMI GROUP INC has Sharpe Ratio of -0.0451, which conveys that the firm had a -0.0451% return per unit of standard deviation over the last 3 months. MISUMI GROUP exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MISUMI GROUP's Mean Deviation of 1.84, market risk adjusted performance of 2.85, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0338, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MISUMI GROUP are expected to decrease at a much lower rate. During the bear market, MISUMI GROUP is likely to outperform the market. At this point, MISUMI GROUP INC has a negative expected return of -0.11%. Please make sure to verify MISUMI GROUP's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if MISUMI GROUP INC performance from the past will be repeated at future time.
Auto-correlation | -0.17 |
Insignificant reverse predictability
MISUMI GROUP INC has insignificant reverse predictability. Overlapping area represents the amount of predictability between MISUMI GROUP 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 MISUMI GROUP INC price movement. The serial correlation of -0.17 indicates that over 17.0% of current MISUMI GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
MISUMI GROUP INC lagged returns against current returns
Autocorrelation, which is MISUMI 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 MISUMI GROUP's stock expected returns. We can calculate the autocorrelation of MISUMI GROUP returns to help us make a trade decision. For example, suppose you find that MISUMI 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 |
MISUMI 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 MISUMI GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MISUMI GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MISUMI GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
MISUMI GROUP Lagged Returns
When evaluating MISUMI GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MISUMI GROUP stock have on its future price. MISUMI 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, MISUMI GROUP autocorrelation shows the relationship between MISUMI GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in MISUMI GROUP INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MISUMI Stock
MISUMI GROUP financial ratios help investors to determine whether MISUMI Stock 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 MISUMI with respect to the benefits of owning MISUMI GROUP security.