Munters Group (Sweden) Market Value
| MTRS Stock | SEK 173.40 3.50 2.06% |
| Symbol | Munters |
Munters 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 Munters 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 Munters Group.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Munters Group on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Munters Group AB or generate 0.0% return on investment in Munters Group over 30 days. Munters Group is related to or competes with Lindab International, Nolato AB, Trelleborg, BillerudKorsnas, and Essity AB. Munters Group AB provides energy efficient air treatment and climate solutions for commercial and industrial application... More
Munters 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 Munters 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 Munters Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.07 | |||
| Value At Risk | (5.54) | |||
| Potential Upside | 3.77 |
Munters Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Munters Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Munters Group's standard deviation. In reality, there are many statistical measures that can use Munters Group historical prices to predict the future Munters Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.47) |
Munters Group AB Backtested Returns
Munters Group AB has Sharpe Ratio of -0.0927, which conveys that the firm had a -0.0927% return per unit of risk over the last 3 months. Munters Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Munters Group's Standard Deviation of 3.14, risk adjusted performance of (0.06), and Mean Deviation of 2.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Munters Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Munters Group is expected to be smaller as well. At this point, Munters Group AB has a negative expected return of -0.29%. Please make sure to verify Munters Group's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Munters Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Munters Group AB has poor reverse predictability. Overlapping area represents the amount of predictability between Munters Group 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 Munters Group AB price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Munters Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 8.25 |
Munters Group AB lagged returns against current returns
Autocorrelation, which is Munters 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 Munters Group's stock expected returns. We can calculate the autocorrelation of Munters Group returns to help us make a trade decision. For example, suppose you find that Munters 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 |
Munters 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 Munters Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Munters Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Munters Group stock over time.
Current vs Lagged Prices |
| Timeline |
Munters Group Lagged Returns
When evaluating Munters Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Munters Group stock have on its future price. Munters 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, Munters Group autocorrelation shows the relationship between Munters Group stock current value and its past values and can show if there is a momentum factor associated with investing in Munters Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Munters Stock Analysis
When running Munters Group's price analysis, check to measure Munters 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 Munters Group is operating at the current time. Most of Munters Group's value examination focuses on studying past and present price action to predict the probability of Munters 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 Munters Group's price. Additionally, you may evaluate how the addition of Munters Group to your portfolios can decrease your overall portfolio volatility.