Mitsubishi Materials (Germany) Market Value
| MUJ Stock | EUR 15.00 0.30 2.04% |
| Symbol | Mitsubishi |
Mitsubishi Materials '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 Materials' 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 Materials.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Mitsubishi Materials on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mitsubishi Materials or generate 0.0% return on investment in Mitsubishi Materials over 180 days. Mitsubishi Materials is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
Mitsubishi Materials 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 Materials' 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 Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.23 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.07 |
Mitsubishi Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsubishi Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsubishi Materials' standard deviation. In reality, there are many statistical measures that can use Mitsubishi Materials historical prices to predict the future Mitsubishi Materials' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (12.55) |
Mitsubishi Materials Backtested Returns
Mitsubishi Materials has Sharpe Ratio of -0.0414, which conveys that the firm had a -0.0414% return per unit of risk over the last 3 months. Mitsubishi Materials exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitsubishi Materials' Risk Adjusted Performance of (0.05), standard deviation of 1.46, and Mean Deviation of 1.11 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0085, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mitsubishi Materials' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitsubishi Materials is expected to be smaller as well. At this point, Mitsubishi Materials has a negative expected return of -0.0591%. Please make sure to verify Mitsubishi Materials' maximum drawdown, skewness, daily balance of power, as well as the relationship between the potential upside and kurtosis , to decide if Mitsubishi Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Mitsubishi Materials has modest predictability. Overlapping area represents the amount of predictability between Mitsubishi Materials time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Materials price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Mitsubishi Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Mitsubishi Materials lagged returns against current returns
Autocorrelation, which is Mitsubishi Materials 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 Materials' stock expected returns. We can calculate the autocorrelation of Mitsubishi Materials returns to help us make a trade decision. For example, suppose you find that Mitsubishi Materials 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 Materials 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 Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsubishi Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsubishi Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Mitsubishi Materials Lagged Returns
When evaluating Mitsubishi Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsubishi Materials stock have on its future price. Mitsubishi Materials 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 Materials autocorrelation shows the relationship between Mitsubishi Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Mitsubishi Materials.
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 Mitsubishi Stock
Mitsubishi Materials financial ratios help investors to determine whether Mitsubishi 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 Mitsubishi with respect to the benefits of owning Mitsubishi Materials security.