Mitie Group (UK) Market Value
| MTO Stock | 116.80 0.40 0.34% |
| 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.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Mitie Group on January 1, 2025 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 30 days. Mitie Group is related to or competes with Air Products, Fulcrum Metals, Public Storage, Extra Space, AMG Advanced, Jacquet Metal, and Adriatic Metals. 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.
| Downside Deviation | 2.51 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 2.63 |
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 | 0.021 | |||
| Jensen Alpha | 0.0861 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.04) |
Mitie Group PLC Backtested Returns
At this point, Mitie Group is very steady. Mitie Group PLC has Sharpe Ratio of 0.0182, which conveys that the firm had a 0.0182 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mitie Group, which you can use to evaluate the volatility of the firm. Please verify Mitie Group's Downside Deviation of 2.51, mean deviation of 1.24, and Risk Adjusted Performance of 0.021 to check out if the risk estimate we provide is consistent with the expected return of 0.0359%. Mitie Group has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mitie Group are expected to decrease at a much lower rate. During the bear market, Mitie Group is likely to outperform the market. Mitie Group PLC right now secures a risk of 1.97%. Please verify Mitie Group PLC skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Mitie Group PLC will be following its current price movements.
Auto-correlation | -0.1 |
Very weak reverse predictability
Mitie Group PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Mitie Group time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 -0.1 indicates that less than 10.0% of current Mitie Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2.23 |
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 |
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 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.