MW Trade (Poland) Market Value
| MWT Stock | 3.40 0.22 6.08% |
| Symbol | MWT |
MW Trade '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 MW Trade'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 MW Trade.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in MW Trade on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding MW Trade SA or generate 0.0% return on investment in MW Trade over 180 days. MW Trade is related to or competes with Asseco Business, and Movie Games. More
MW Trade 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 MW Trade'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 MW Trade SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 18.06 | |||
| Value At Risk | (6.08) | |||
| Potential Upside | 1.0 |
MW Trade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MW Trade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MW Trade's standard deviation. In reality, there are many statistical measures that can use MW Trade historical prices to predict the future MW Trade's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | 1.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MW Trade'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.
MW Trade SA Backtested Returns
MW Trade SA retains Efficiency (Sharpe Ratio) of -0.2, which conveys that the firm had a -0.2% return per unit of price deviation over the last 3 months. MW Trade exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MW Trade's Information Ratio of (0.24), market risk adjusted performance of 1.02, and Mean Deviation of 1.59 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MW Trade are expected to decrease at a much lower rate. During the bear market, MW Trade is likely to outperform the market. At this point, MW Trade SA has a negative expected return of -0.58%. Please make sure to verify MW Trade's total risk alpha, as well as the relationship between the skewness and day median price , to decide if MW Trade SA performance from the past will be repeated at some future date.
Auto-correlation | 0.73 |
Good predictability
MW Trade SA has good predictability. Overlapping area represents the amount of predictability between MW Trade time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 MW Trade SA price movement. The serial correlation of 0.73 indicates that around 73.0% of current MW Trade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
MW Trade SA lagged returns against current returns
Autocorrelation, which is MW Trade 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 MW Trade's stock expected returns. We can calculate the autocorrelation of MW Trade returns to help us make a trade decision. For example, suppose you find that MW Trade 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 |
MW Trade 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 MW Trade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MW Trade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MW Trade stock over time.
Current vs Lagged Prices |
| Timeline |
MW Trade Lagged Returns
When evaluating MW Trade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MW Trade stock have on its future price. MW Trade 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, MW Trade autocorrelation shows the relationship between MW Trade stock current value and its past values and can show if there is a momentum factor associated with investing in MW Trade SA.
Regressed Prices |
| Timeline |
Pair Trading with MW Trade
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 MW Trade 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 MW Trade will appreciate offsetting losses from the drop in the long position's value.Moving against MWT Stock
The ability to find closely correlated positions to MW Trade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MW Trade 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 MW Trade - 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 MW Trade SA to buy it.
The correlation of MW Trade 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 MW Trade moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MW Trade SA 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 MW Trade 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.Additional Tools for MWT Stock Analysis
When running MW Trade's price analysis, check to measure MW Trade's 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 MW Trade is operating at the current time. Most of MW Trade's value examination focuses on studying past and present price action to predict the probability of MW Trade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MW Trade's price. Additionally, you may evaluate how the addition of MW Trade to your portfolios can decrease your overall portfolio volatility.