Mitsubishi Gas (Germany) Market Value
| MUG Stock | 17.20 0.10 0.58% |
| Symbol | Mitsubishi |
Mitsubishi Gas '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 Mitsubishi Gas' 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 Mitsubishi Gas.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Mitsubishi Gas on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Mitsubishi Gas Chemical or generate 0.0% return on investment in Mitsubishi Gas over 420 days. Mitsubishi Gas is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
Mitsubishi Gas 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 Mitsubishi Gas' 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 Mitsubishi Gas Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.42 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.88 |
Mitsubishi Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsubishi Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsubishi Gas' standard deviation. In reality, there are many statistical measures that can use Mitsubishi Gas historical prices to predict the future Mitsubishi Gas' volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | 0.0319 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2484 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitsubishi Gas' 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.
Mitsubishi Gas Chemical Backtested Returns
Currently, Mitsubishi Gas Chemical is very steady. Mitsubishi Gas Chemical has Sharpe Ratio of 0.0736, which conveys that the firm had a 0.0736% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mitsubishi Gas, which you can use to evaluate the volatility of the firm. Please verify Mitsubishi Gas' Downside Deviation of 1.43, risk adjusted performance of 0.0394, and Mean Deviation of 1.02 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Mitsubishi Gas has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mitsubishi Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitsubishi Gas is expected to be smaller as well. Mitsubishi Gas Chemical right now secures a risk of 1.38%. Please verify Mitsubishi Gas Chemical expected short fall, and the relationship between the value at risk and rate of daily change , to decide if Mitsubishi Gas Chemical will be following its current price movements.
Auto-correlation | -0.45 |
Modest reverse predictability
Mitsubishi Gas Chemical has modest reverse predictability. Overlapping area represents the amount of predictability between Mitsubishi Gas time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 Mitsubishi Gas Chemical price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Mitsubishi Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Mitsubishi Gas Chemical lagged returns against current returns
Autocorrelation, which is Mitsubishi Gas 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 Mitsubishi Gas' stock expected returns. We can calculate the autocorrelation of Mitsubishi Gas returns to help us make a trade decision. For example, suppose you find that Mitsubishi Gas 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 |
Mitsubishi Gas 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 Mitsubishi Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsubishi Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsubishi Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Mitsubishi Gas Lagged Returns
When evaluating Mitsubishi Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsubishi Gas stock have on its future price. Mitsubishi Gas 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, Mitsubishi Gas autocorrelation shows the relationship between Mitsubishi Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Mitsubishi Gas Chemical.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mitsubishi Stock Analysis
When running Mitsubishi Gas' price analysis, check to measure Mitsubishi Gas' 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 Mitsubishi Gas is operating at the current time. Most of Mitsubishi Gas' value examination focuses on studying past and present price action to predict the probability of Mitsubishi Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitsubishi Gas' price. Additionally, you may evaluate how the addition of Mitsubishi Gas to your portfolios can decrease your overall portfolio volatility.