MGM RESORTS INTL Market Value
| 552953CF6 | 98.96 1.00 1.00% |
| Symbol | 552953CF6 |
552953CF6 '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 552953CF6'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 552953CF6.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in 552953CF6 on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding MGM RESORTS INTL or generate 0.0% return on investment in 552953CF6 over 570 days. 552953CF6 is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
552953CF6 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 552953CF6'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 INTL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.03 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.72 |
552953CF6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 552953CF6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 552953CF6's standard deviation. In reality, there are many statistical measures that can use 552953CF6 historical prices to predict the future 552953CF6's volatility.| Risk Adjusted Performance | (0.0003) | |||
| Jensen Alpha | 0.0198 | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.0531 |
MGM RESORTS INTL Backtested Returns
MGM RESORTS INTL secures Sharpe Ratio (or Efficiency) of -0.0666, which signifies that the bond had a -0.0666% return per unit of risk over the last 3 months. MGM RESORTS INTL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 552953CF6's mean deviation of 0.5942, and Variance of 1.43 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 552953CF6 are expected to decrease at a much lower rate. During the bear market, 552953CF6 is likely to outperform the market.
Auto-correlation | 0.34 |
Below average predictability
MGM RESORTS INTL has below average predictability. Overlapping area represents the amount of predictability between 552953CF6 time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 INTL price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current 552953CF6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
MGM RESORTS INTL lagged returns against current returns
Autocorrelation, which is 552953CF6 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 552953CF6's bond expected returns. We can calculate the autocorrelation of 552953CF6 returns to help us make a trade decision. For example, suppose you find that 552953CF6 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 |
552953CF6 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 552953CF6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 552953CF6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 552953CF6 bond over time.
Current vs Lagged Prices |
| Timeline |
552953CF6 Lagged Returns
When evaluating 552953CF6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 552953CF6 bond have on its future price. 552953CF6 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, 552953CF6 autocorrelation shows the relationship between 552953CF6 bond current value and its past values and can show if there is a momentum factor associated with investing in MGM RESORTS INTL.
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 552953CF6 Bond
552953CF6 financial ratios help investors to determine whether 552953CF6 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 552953CF6 with respect to the benefits of owning 552953CF6 security.