MUA (Mauritius) Market Value
| MUA Stock | 64.00 0.50 0.79% |
| Symbol | MUA |
MUA '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 MUA'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 MUA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in MUA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding MUA LTD or generate 0.0% return on investment in MUA over 30 days.
MUA 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 MUA'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 MUA LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.7 | |||
| Information Ratio | 0.0314 | |||
| Maximum Drawdown | 22.27 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.94 |
MUA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MUA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MUA's standard deviation. In reality, there are many statistical measures that can use MUA historical prices to predict the future MUA's volatility.| Risk Adjusted Performance | 0.0625 | |||
| Jensen Alpha | 0.245 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0208 | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MUA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MUA LTD Backtested Returns
MUA appears to be very steady, given 3 months investment horizon. MUA LTD retains Efficiency (Sharpe Ratio) of 0.0723, which conveys that the firm had a 0.0723% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for MUA, which you can use to evaluate the volatility of the firm. Please exercise MUA's Downside Deviation of 4.7, mean deviation of 1.57, and Market Risk Adjusted Performance of (0.76) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MUA holds a performance score of 5. The company owns a Beta (Systematic Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MUA are expected to decrease at a much lower rate. During the bear market, MUA is likely to outperform the market. Please check MUA's downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside , to make a quick decision on whether MUA's current price history will revert.
Auto-correlation | 0.19 |
Very weak predictability
MUA LTD has very weak predictability. Overlapping area represents the amount of predictability between MUA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 MUA LTD price movement. The serial correlation of 0.19 indicates that over 19.0% of current MUA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 17.92 |
MUA LTD lagged returns against current returns
Autocorrelation, which is MUA 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 MUA's stock expected returns. We can calculate the autocorrelation of MUA returns to help us make a trade decision. For example, suppose you find that MUA 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 |
MUA 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 MUA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MUA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MUA stock over time.
Current vs Lagged Prices |
| Timeline |
MUA Lagged Returns
When evaluating MUA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MUA stock have on its future price. MUA 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, MUA autocorrelation shows the relationship between MUA stock current value and its past values and can show if there is a momentum factor associated with investing in MUA LTD.
Regressed Prices |
| Timeline |
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