MGM Resorts International Market Value
| 552953CD1 | 99.31 0.23 0.23% |
| Symbol | 552953CD1 |
552953CD1 '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 552953CD1's bond 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 552953CD1.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in 552953CD1 on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding MGM Resorts International or generate 0.0% return on investment in 552953CD1 over 30 days. 552953CD1 is related to or competes with 00108WAF7, 90331HPL1, Nasdaq, Vertiv Holdings, American Express, Intel, and Pfizer. More
552953CD1 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 552953CD1's bond 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 MGM Resorts International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.69 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 3.88 |
552953CD1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 552953CD1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 552953CD1's standard deviation. In reality, there are many statistical measures that can use 552953CD1 historical prices to predict the future 552953CD1's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.2 |
MGM Resorts International Backtested Returns
At this point, 552953CD1 is very steady. MGM Resorts International secures Sharpe Ratio (or Efficiency) of 0.0323, which signifies that the bond had a 0.0323% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for MGM Resorts International, which you can use to evaluate the volatility of the entity. Please confirm 552953CD1's mean deviation of 0.9484, and Variance of 4.26 to double-check if the risk estimate we provide is consistent with the expected return of 0.0076%. The bond shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 552953CD1 are expected to decrease at a much lower rate. During the bear market, 552953CD1 is likely to outperform the market.
Auto-correlation | 0.50 |
Modest predictability
MGM Resorts International has modest predictability. Overlapping area represents the amount of predictability between 552953CD1 time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 MGM Resorts International price movement. The serial correlation of 0.5 indicates that about 50.0% of current 552953CD1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
MGM Resorts International lagged returns against current returns
Autocorrelation, which is 552953CD1 bond'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 552953CD1's bond expected returns. We can calculate the autocorrelation of 552953CD1 returns to help us make a trade decision. For example, suppose you find that 552953CD1 has exhibited high autocorrelation historically, and you observe that the bond 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 |
552953CD1 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 552953CD1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 552953CD1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 552953CD1 bond over time.
Current vs Lagged Prices |
| Timeline |
552953CD1 Lagged Returns
When evaluating 552953CD1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 552953CD1 bond have on its future price. 552953CD1 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, 552953CD1 autocorrelation shows the relationship between 552953CD1 bond current value and its past values and can show if there is a momentum factor associated with investing in MGM Resorts International.
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 552953CD1 Bond
552953CD1 financial ratios help investors to determine whether 552953CD1 Bond 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 552953CD1 with respect to the benefits of owning 552953CD1 security.