Mitie Group (UK) Market Value
| MTO Stock | 107.60 1.00 0.94% |
| Symbol | Mitie |
Mitie 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 Mitie 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 Mitie Group.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Mitie Group on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Mitie Group PLC or generate 0.0% return on investment in Mitie Group over 720 days. Mitie Group is related to or competes with Endeavour Mining, McEwen Mining, Gear4music (Holdings), LPKF Laser, Arrow Electronics, Cornish Metals, and Air Products. Mitie Group is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Mitie 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 Mitie 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 Mitie Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 13.13 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.17 |
Mitie Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitie Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitie Group's standard deviation. In reality, there are many statistical measures that can use Mitie Group historical prices to predict the future Mitie Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.49) |
Mitie Group PLC Backtested Returns
Mitie Group PLC has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Mitie Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitie Group's Mean Deviation of 1.21, standard deviation of 1.89, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mitie Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitie Group is expected to be smaller as well. At this point, Mitie Group PLC has a negative expected return of -0.2%. Please make sure to verify Mitie Group's daily balance of power, and the relationship between the skewness and day typical price , to decide if Mitie Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Mitie Group PLC has very good predictability. Overlapping area represents the amount of predictability between Mitie Group time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Mitie Group PLC price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Mitie Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 83.14 |
Mitie Group PLC lagged returns against current returns
Autocorrelation, which is Mitie 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 Mitie Group's stock expected returns. We can calculate the autocorrelation of Mitie Group returns to help us make a trade decision. For example, suppose you find that Mitie 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 |
Mitie 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 Mitie Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitie Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitie Group stock over time.
Current vs Lagged Prices |
| Timeline |
Mitie Group Lagged Returns
When evaluating Mitie Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitie Group stock have on its future price. Mitie 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, Mitie Group autocorrelation shows the relationship between Mitie Group stock current value and its past values and can show if there is a momentum factor associated with investing in Mitie 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.Other Information on Investing in Mitie Stock
Mitie Group financial ratios help investors to determine whether Mitie 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 Mitie with respect to the benefits of owning Mitie Group security.