Mtr Corp Stock Market Value
| MTRJF Stock | USD 3.48 0.00 0.00% |
| Symbol | MTR |
MTR Corp '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 MTR Corp'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 MTR Corp.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in MTR Corp on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding MTR Corp or generate 0.0% return on investment in MTR Corp over 30 days. MTR Corp is related to or competes with Union Pacific, CSX, Canadian Pacific, Canadian National, Norfolk Southern, Westinghouse Air, and MTR Corp. MTR Corporation Limited designs, constructs, operates, maintains, and invests in railways in Hong Kong, Australia, Mainl... More
MTR Corp 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 MTR Corp'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 MTR Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.93 | |||
| Potential Upside | 1.43 |
MTR Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTR Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MTR Corp's standard deviation. In reality, there are many statistical measures that can use MTR Corp historical prices to predict the future MTR Corp's volatility.| Risk Adjusted Performance | 0.0458 | |||
| Jensen Alpha | 0.0626 | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.3607 |
MTR Corp Backtested Returns
MTR Corp has Sharpe Ratio of -0.0037, which conveys that the firm had a -0.0037% return per unit of volatility over the last 3 months. MTR Corp exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MTR Corp's risk adjusted performance of 0.0458, and Mean Deviation of 0.6086 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MTR Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding MTR Corp is expected to be smaller as well. At this point, MTR Corp has a negative expected return of -0.0073%. Please make sure to verify MTR Corp's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and relative strength index , to decide if MTR Corp performance from the past will be repeated at some future point.
Auto-correlation | 0.71 |
Good predictability
MTR Corp has good predictability. Overlapping area represents the amount of predictability between MTR Corp time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 MTR Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current MTR Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MTR Corp lagged returns against current returns
Autocorrelation, which is MTR Corp 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 MTR Corp's pink sheet expected returns. We can calculate the autocorrelation of MTR Corp returns to help us make a trade decision. For example, suppose you find that MTR Corp 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 |
MTR Corp 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 MTR Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MTR Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MTR Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
MTR Corp Lagged Returns
When evaluating MTR Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MTR Corp pink sheet have on its future price. MTR Corp 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, MTR Corp autocorrelation shows the relationship between MTR Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in MTR Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MTR Pink Sheet
MTR Corp financial ratios help investors to determine whether MTR Pink Sheet 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 MTR with respect to the benefits of owning MTR Corp security.