Mitsubishi Chemical Holdings Stock Market Value
| MTLHY Stock | USD 27.26 0.82 2.92% |
| Symbol | Mitsubishi |
Mitsubishi Chemical '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 Mitsubishi Chemical's 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 Mitsubishi Chemical.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Mitsubishi Chemical on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Mitsubishi Chemical Holdings or generate 0.0% return on investment in Mitsubishi Chemical over 720 days. Mitsubishi Chemical is related to or competes with Sumitomo Chemical, Asahi Kaisei, Nitto Denko, Shin-Etsu Chemical, and Mondi PLC. Mitsubishi Chemical Group Corporation provides performance products, chemicals, industrial gases, health care products, ... More
Mitsubishi Chemical 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 Mitsubishi Chemical's 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 Mitsubishi Chemical Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.15 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 4.61 |
Mitsubishi Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsubishi Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsubishi Chemical's standard deviation. In reality, there are many statistical measures that can use Mitsubishi Chemical historical prices to predict the future Mitsubishi Chemical's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.3092 |
Mitsubishi Chemical Backtested Returns
Mitsubishi Chemical has Sharpe Ratio of -0.0678, which conveys that the firm had a -0.0678% return per unit of risk over the last 3 months. Mitsubishi Chemical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitsubishi Chemical's Standard Deviation of 2.77, risk adjusted performance of (0.01), and Mean Deviation of 1.82 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mitsubishi Chemical are expected to decrease at a much lower rate. During the bear market, Mitsubishi Chemical is likely to outperform the market. At this point, Mitsubishi Chemical has a negative expected return of -0.18%. Please make sure to verify Mitsubishi Chemical's treynor ratio and rate of daily change , to decide if Mitsubishi Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Mitsubishi Chemical Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Mitsubishi Chemical time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Mitsubishi Chemical price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Mitsubishi Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3.78 |
Mitsubishi Chemical lagged returns against current returns
Autocorrelation, which is Mitsubishi Chemical 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 Mitsubishi Chemical's pink sheet expected returns. We can calculate the autocorrelation of Mitsubishi Chemical returns to help us make a trade decision. For example, suppose you find that Mitsubishi Chemical 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 |
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Mitsubishi Chemical 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 Mitsubishi Chemical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsubishi Chemical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsubishi Chemical pink sheet over time.
Current vs Lagged Prices |
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Mitsubishi Chemical Lagged Returns
When evaluating Mitsubishi Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsubishi Chemical pink sheet have on its future price. Mitsubishi Chemical 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, Mitsubishi Chemical autocorrelation shows the relationship between Mitsubishi Chemical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mitsubishi Chemical Holdings.
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 Mitsubishi Pink Sheet Analysis
When running Mitsubishi Chemical's price analysis, check to measure Mitsubishi Chemical'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 Mitsubishi Chemical is operating at the current time. Most of Mitsubishi Chemical's value examination focuses on studying past and present price action to predict the probability of Mitsubishi Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitsubishi Chemical's price. Additionally, you may evaluate how the addition of Mitsubishi Chemical to your portfolios can decrease your overall portfolio volatility.