Mitsui Chemicals (Germany) Market Value
| MSI Stock | EUR 22.60 0.60 2.73% |
| Symbol | Mitsui |
Mitsui Chemicals '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 Mitsui Chemicals' 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 Mitsui Chemicals.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Mitsui Chemicals on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Mitsui Chemicals or generate 0.0% return on investment in Mitsui Chemicals over 510 days. Mitsui Chemicals is related to or competes with Apple, Apple, Microsoft, and Microsoft. More
Mitsui Chemicals 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 Mitsui Chemicals' 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 Mitsui Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.43 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.56 |
Mitsui Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsui Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsui Chemicals' standard deviation. In reality, there are many statistical measures that can use Mitsui Chemicals historical prices to predict the future Mitsui Chemicals' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.07) |
Mitsui Chemicals Backtested Returns
Mitsui Chemicals has Sharpe Ratio of -0.0185, which conveys that the firm had a -0.0185% return per unit of risk over the last 3 months. Mitsui Chemicals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitsui Chemicals' Standard Deviation of 1.56, mean deviation of 1.12, and insignificant Risk Adjusted Performance to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mitsui Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitsui Chemicals is expected to be smaller as well. At this point, Mitsui Chemicals has a negative expected return of -0.0289%. Please make sure to verify Mitsui Chemicals' skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if Mitsui Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Mitsui Chemicals has poor reverse predictability. Overlapping area represents the amount of predictability between Mitsui Chemicals time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Mitsui Chemicals price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Mitsui Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 4.82 |
Mitsui Chemicals lagged returns against current returns
Autocorrelation, which is Mitsui Chemicals 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 Mitsui Chemicals' stock expected returns. We can calculate the autocorrelation of Mitsui Chemicals returns to help us make a trade decision. For example, suppose you find that Mitsui Chemicals 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 |
Mitsui Chemicals 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 Mitsui Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsui Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsui Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Mitsui Chemicals Lagged Returns
When evaluating Mitsui Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsui Chemicals stock have on its future price. Mitsui Chemicals 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, Mitsui Chemicals autocorrelation shows the relationship between Mitsui Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Mitsui Chemicals.
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 Mitsui Stock
Mitsui Chemicals financial ratios help investors to determine whether Mitsui 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 Mitsui with respect to the benefits of owning Mitsui Chemicals security.