Mtn Group Ltd Stock Market Value
| MTNOY Stock | USD 4.41 0.07 1.56% |
| Symbol | MTN |
MTN 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 MTN Group'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 MTN Group.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in MTN Group on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding MTN Group Ltd or generate 0.0% return on investment in MTN Group over 30 days. MTN Group is related to or competes with XL Axiata, Telenor ASA, KT, Vodacom Group, WideOpenWest, Telenor ASA, and Proximus. MTN Group Limited, together with its subsidiaries, operates in the mobile telecommunications industry More
MTN 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 MTN Group'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 MTN Group Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.4 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 3.99 |
MTN Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTN Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MTN Group's standard deviation. In reality, there are many statistical measures that can use MTN Group historical prices to predict the future MTN Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 6.11 |
MTN Group Backtested Returns
MTN Group has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of volatility over the last 3 months. MTN Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MTN Group's risk adjusted performance of (0.04), and Mean Deviation of 1.84 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0284, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MTN Group are expected to decrease at a much lower rate. During the bear market, MTN Group is likely to outperform the market. At this point, MTN Group has a negative expected return of -0.3%. Please make sure to verify MTN Group's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if MTN Group performance from the past will be repeated at future time.
Auto-correlation | 0.53 |
Modest predictability
MTN Group Ltd has modest predictability. Overlapping area represents the amount of predictability between MTN Group time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 MTN Group price movement. The serial correlation of 0.53 indicates that about 53.0% of current MTN Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
MTN Group lagged returns against current returns
Autocorrelation, which is MTN Group 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 MTN Group's pink sheet expected returns. We can calculate the autocorrelation of MTN Group returns to help us make a trade decision. For example, suppose you find that MTN Group 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 |
MTN 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 MTN Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MTN Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MTN Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MTN Group Lagged Returns
When evaluating MTN Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MTN Group pink sheet have on its future price. MTN 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, MTN Group autocorrelation shows the relationship between MTN Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MTN Group Ltd.
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 MTN Pink Sheet Analysis
When running MTN Group's price analysis, check to measure MTN 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 MTN Group is operating at the current time. Most of MTN Group's value examination focuses on studying past and present price action to predict the probability of MTN 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 MTN Group's price. Additionally, you may evaluate how the addition of MTN Group to your portfolios can decrease your overall portfolio volatility.