MTI Wireless (UK) Market Value
| MWE Stock | 45.00 1.00 2.17% |
| Symbol | MTI |
MTI Wireless '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 MTI Wireless' 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 MTI Wireless.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in MTI Wireless on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding MTI Wireless Edge or generate 0.0% return on investment in MTI Wireless over 30 days. MTI Wireless is related to or competes with Quadrise Plc, ImmuPharma PLC, Intuitive Investments, European Metals, Calculus VCT, Athelney Trust, and Octopus Aim. MTI Wireless is entity of United Kingdom More
MTI Wireless 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 MTI Wireless' 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 MTI Wireless Edge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | 0.0337 | |||
| Maximum Drawdown | 16.88 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 4.17 |
MTI Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTI Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MTI Wireless' standard deviation. In reality, there are many statistical measures that can use MTI Wireless historical prices to predict the future MTI Wireless' volatility.| Risk Adjusted Performance | 0.0772 | |||
| Jensen Alpha | 0.2172 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0211 | |||
| Treynor Ratio | (0.92) |
MTI Wireless Edge Backtested Returns
MTI Wireless appears to be very steady, given 3 months investment horizon. MTI Wireless Edge has Sharpe Ratio of 0.094, which conveys that the firm had a 0.094% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for MTI Wireless, which you can use to evaluate the volatility of the firm. Please exercise MTI Wireless' risk adjusted performance of 0.0772, and Mean Deviation of 1.26 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MTI Wireless holds a performance score of 7. 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, returns on owning MTI Wireless are expected to decrease at a much lower rate. During the bear market, MTI Wireless is likely to outperform the market. Please check MTI Wireless' standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether MTI Wireless' current price movements will revert.
Auto-correlation | 0.57 |
Modest predictability
MTI Wireless Edge has modest predictability. Overlapping area represents the amount of predictability between MTI Wireless time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 MTI Wireless Edge price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current MTI Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
MTI Wireless Edge lagged returns against current returns
Autocorrelation, which is MTI Wireless 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 MTI Wireless' stock expected returns. We can calculate the autocorrelation of MTI Wireless returns to help us make a trade decision. For example, suppose you find that MTI Wireless 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 |
MTI Wireless 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 MTI Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MTI Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MTI Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
MTI Wireless Lagged Returns
When evaluating MTI Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MTI Wireless stock have on its future price. MTI Wireless 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, MTI Wireless autocorrelation shows the relationship between MTI Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in MTI Wireless Edge.
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 MTI Stock
MTI Wireless financial ratios help investors to determine whether MTI 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 MTI with respect to the benefits of owning MTI Wireless security.