Myt Netherlands Parent Stock Market Value
| MYTE Stock | USD 7.02 0.21 2.90% |
| Symbol | MYT |
MYT Netherlands Parent Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 MYT Netherlands. If investors know MYT 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 MYT Netherlands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.91) | Earnings Share (0.45) | Revenue Per Share 9.687 | Quarterly Revenue Growth 0.104 | Return On Assets (0.01) |
The market value of MYT Netherlands Parent is measured differently than its book value, which is the value of MYT that is recorded on the company's balance sheet. Investors also form their own opinion of MYT Netherlands' value that differs from its market value or its book value, called intrinsic value, which is MYT Netherlands' 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 MYT Netherlands' market value can be influenced by many factors that don't directly affect MYT Netherlands' 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 MYT Netherlands' value and its price as these two are different measures arrived at by different means. Investors typically determine if MYT Netherlands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYT Netherlands' 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.
MYT Netherlands '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 MYT Netherlands' 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 MYT Netherlands.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in MYT Netherlands on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding MYT Netherlands Parent or generate 0.0% return on investment in MYT Netherlands over 30 days. MYT Netherlands is related to or competes with Movado, Envela Corp, Tapestry, Capri Holdings, Lanvin Group, Fossil, and Signet Jewelers. MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fas... More
MYT Netherlands 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 MYT Netherlands' 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 MYT Netherlands Parent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.1517 | |||
| Maximum Drawdown | 67.36 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 11.11 |
MYT Netherlands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYT Netherlands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYT Netherlands' standard deviation. In reality, there are many statistical measures that can use MYT Netherlands historical prices to predict the future MYT Netherlands' volatility.| Risk Adjusted Performance | 0.1322 | |||
| Jensen Alpha | 1.42 | |||
| Total Risk Alpha | 0.4005 | |||
| Sortino Ratio | 0.3807 | |||
| Treynor Ratio | (1.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MYT Netherlands' 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.
MYT Netherlands Parent Backtested Returns
MYT Netherlands is very risky given 3 months investment horizon. MYT Netherlands Parent has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use MYT Netherlands Parent Risk Adjusted Performance of 0.1322, market risk adjusted performance of (1.33), and Mean Deviation of 4.15 to evaluate company specific risk that cannot be diversified away. MYT Netherlands holds a performance score of 11 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.99, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning MYT Netherlands are expected to decrease slowly. On the other hand, during market turmoil, MYT Netherlands is expected to outperform it slightly. Use MYT Netherlands Parent potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on MYT Netherlands Parent.
Auto-correlation | -0.29 |
Weak reverse predictability
MYT Netherlands Parent has weak reverse predictability. Overlapping area represents the amount of predictability between MYT Netherlands 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 MYT Netherlands Parent price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current MYT Netherlands price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
MYT Netherlands Parent lagged returns against current returns
Autocorrelation, which is MYT Netherlands 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 MYT Netherlands' stock expected returns. We can calculate the autocorrelation of MYT Netherlands returns to help us make a trade decision. For example, suppose you find that MYT Netherlands 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 |
MYT Netherlands 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 MYT Netherlands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYT Netherlands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYT Netherlands stock over time.
Current vs Lagged Prices |
| Timeline |
MYT Netherlands Lagged Returns
When evaluating MYT Netherlands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYT Netherlands stock have on its future price. MYT Netherlands 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, MYT Netherlands autocorrelation shows the relationship between MYT Netherlands stock current value and its past values and can show if there is a momentum factor associated with investing in MYT Netherlands Parent.
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.When determining whether MYT Netherlands Parent is a strong investment it is important to analyze MYT Netherlands' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MYT Netherlands' future performance. For an informed investment choice regarding MYT Stock, refer to the following important reports:Check out MYT Netherlands Correlation, MYT Netherlands Volatility and MYT Netherlands Alpha and Beta module to complement your research on MYT Netherlands. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
MYT Netherlands 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.