Mdjm Stock Market Value
| UOKA Stock | 0.21 0.01 4.55% |
| Symbol | MDJM |
Is Real Estate 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 MDJM. If investors know MDJM 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 MDJM listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of MDJM is measured differently than its book value, which is the value of MDJM that is recorded on the company's balance sheet. Investors also form their own opinion of MDJM's value that differs from its market value or its book value, called intrinsic value, which is MDJM'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 MDJM's market value can be influenced by many factors that don't directly affect MDJM'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 MDJM's value and its price as these two are different measures arrived at by different means. Investors typically determine if MDJM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MDJM'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.
MDJM '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 MDJM'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 MDJM.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in MDJM on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding MDJM or generate 0.0% return on investment in MDJM over 180 days. MDJM is related to or competes with Wetouch Technology, New Concept, DigitalBridge, DigitalBridge, DigitalBridge, Compass, and Curbline Properties. MDJM is entity of United States. It is traded as Stock on NASDAQ exchange. More
MDJM 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 MDJM'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 MDJM upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 94.18 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 18.18 |
MDJM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MDJM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MDJM's standard deviation. In reality, there are many statistical measures that can use MDJM historical prices to predict the future MDJM's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | 0.8351 |
MDJM Backtested Returns
MDJM has Sharpe Ratio of -0.0676, which conveys that the firm had a -0.0676% return per unit of volatility over the last 3 months. MDJM exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MDJM's mean deviation of 7.88, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.04, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning MDJM are expected to decrease slowly. On the other hand, during market turmoil, MDJM is expected to outperform it slightly. At this point, MDJM has a negative expected return of -0.91%. Please make sure to verify MDJM's treynor ratio and the relationship between the skewness and day typical price , to decide if MDJM performance from the past will be repeated in the future.
Auto-correlation | 0.57 |
Modest predictability
MDJM has modest predictability. Overlapping area represents the amount of predictability between MDJM time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th of December 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 MDJM price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current MDJM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
MDJM lagged returns against current returns
Autocorrelation, which is MDJM 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 MDJM's stock expected returns. We can calculate the autocorrelation of MDJM returns to help us make a trade decision. For example, suppose you find that MDJM 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 |
MDJM 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 MDJM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MDJM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MDJM stock over time.
Current vs Lagged Prices |
| Timeline |
MDJM Lagged Returns
When evaluating MDJM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MDJM stock have on its future price. MDJM 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, MDJM autocorrelation shows the relationship between MDJM stock current value and its past values and can show if there is a momentum factor associated with investing in MDJM.
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 MDJM offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MDJM's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mdjm Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mdjm Stock:Check out MDJM Correlation, MDJM Volatility and MDJM Alpha and Beta module to complement your research on MDJM. For information on how to trade MDJM Stock refer to our How to Trade MDJM Stock guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
MDJM 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.