Mullen Automotive Stock Market Value
| MULN Stock | USD 3.20 0.50 18.52% |
| Symbol | Mullen |
Mullen Automotive Price To Book Ratio
Is Automobile Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mullen Automotive. If investors know Mullen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mullen Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 298.2 K | Revenue Per Share 2.51 | Quarterly Revenue Growth (0.79) | Return On Assets (0.48) | Return On Equity (2.60) |
The market value of Mullen Automotive is measured differently than its book value, which is the value of Mullen that is recorded on the company's balance sheet. Investors also form their own opinion of Mullen Automotive's value that differs from its market value or its book value, called intrinsic value, which is Mullen Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mullen Automotive's market value can be influenced by many factors that don't directly affect Mullen Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mullen Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mullen Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mullen Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mullen Automotive '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 Mullen Automotive'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 Mullen Automotive.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Mullen Automotive on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Mullen Automotive or generate 0.0% return on investment in Mullen Automotive over 30 days. Mullen Automotive is related to or competes with Hycroft Mining, and Imperial Petroleum. Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles More
Mullen Automotive 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 Mullen Automotive'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 Mullen Automotive upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 100.65 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 18.78 |
Mullen Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mullen Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mullen Automotive's standard deviation. In reality, there are many statistical measures that can use Mullen Automotive historical prices to predict the future Mullen Automotive's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.92) | |||
| Total Risk Alpha | (4.08) | |||
| Treynor Ratio | 1.31 |
Mullen Automotive Backtested Returns
Mullen Automotive has Sharpe Ratio of -0.2, which conveys that the firm had a -0.2% return per unit of risk over the last 3 months. Mullen Automotive exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mullen Automotive's Mean Deviation of 10.38, risk adjusted performance of (0.09), and Standard Deviation of 15.31 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.59, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Mullen Automotive are expected to decrease by larger amounts. On the other hand, during market turmoil, Mullen Automotive is expected to outperform it. At this point, Mullen Automotive has a negative expected return of -2.83%. Please make sure to verify Mullen Automotive's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Mullen Automotive performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Mullen Automotive has good reverse predictability. Overlapping area represents the amount of predictability between Mullen Automotive time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Mullen Automotive price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Mullen Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Mullen Automotive lagged returns against current returns
Autocorrelation, which is Mullen Automotive 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 Mullen Automotive's stock expected returns. We can calculate the autocorrelation of Mullen Automotive returns to help us make a trade decision. For example, suppose you find that Mullen Automotive 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 |
Mullen Automotive 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 Mullen Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mullen Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mullen Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
Mullen Automotive Lagged Returns
When evaluating Mullen Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mullen Automotive stock have on its future price. Mullen Automotive 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, Mullen Automotive autocorrelation shows the relationship between Mullen Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Mullen Automotive.
Regressed Prices |
| Timeline |
Pair Trading with Mullen Automotive
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mullen Automotive position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mullen Automotive will appreciate offsetting losses from the drop in the long position's value.Moving against Mullen Stock
| 0.71 | ZK | ZEEKR Intelligent | PairCorr |
| 0.69 | LI | Li Auto | PairCorr |
| 0.59 | NIO | Nio Class A Aggressive Push | PairCorr |
| 0.53 | BWA | BorgWarner | PairCorr |
| 0.44 | DORM | Dorman Products | PairCorr |
The ability to find closely correlated positions to Mullen Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mullen Automotive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mullen Automotive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mullen Automotive to buy it.
The correlation of Mullen Automotive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mullen Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Automotive moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mullen Automotive can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Mullen Automotive Correlation, Mullen Automotive Volatility and Mullen Automotive Alpha and Beta module to complement your research on Mullen Automotive. To learn how to invest in Mullen Stock, please use our How to Invest in Mullen Automotive guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Mullen Automotive technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.