MQGAU 5376057 23 SEP 27 Market Value
| 55607PAE5 | 100.46 0.00 0.00% |
| Symbol | MQGAU |
Please note, there is a significant difference between MQGAU's value and its price as these two are different measures arrived at by different means. Investors typically determine if MQGAU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MQGAU'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.
MQGAU '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 MQGAU'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 MQGAU.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in MQGAU on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding MQGAU 5376057 23 SEP 27 or generate 0.0% return on investment in MQGAU over 90 days. MQGAU is related to or competes with Titan Machinery, SunOpta, Gap,, Olympic Steel, United States, CECO Environmental, and Century Aluminum. More
MQGAU 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 MQGAU'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 MQGAU 5376057 23 SEP 27 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6304 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.5889 |
MQGAU Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MQGAU's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MQGAU's standard deviation. In reality, there are many statistical measures that can use MQGAU historical prices to predict the future MQGAU's volatility.| Risk Adjusted Performance | 0.0808 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.5487 |
MQGAU 5376057 23 Backtested Returns
At this point, MQGAU is very steady. MQGAU 5376057 23 has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for MQGAU, which you can use to evaluate the volatility of the bond. Please verify MQGAU's risk adjusted performance of 0.0808, and Mean Deviation of 0.2951 to check out if the risk estimate we provide is consistent with the expected return of 0.0126%. The bond secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MQGAU's returns are expected to increase less than the market. However, during the bear market, the loss of holding MQGAU is expected to be smaller as well.
Auto-correlation | -0.06 |
Very weak reverse predictability
MQGAU 5376057 23 SEP 27 has very weak reverse predictability. Overlapping area represents the amount of predictability between MQGAU time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 MQGAU 5376057 23 price movement. The serial correlation of -0.06 indicates that barely 6.0% of current MQGAU price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MQGAU 5376057 23 lagged returns against current returns
Autocorrelation, which is MQGAU 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 MQGAU's bond expected returns. We can calculate the autocorrelation of MQGAU returns to help us make a trade decision. For example, suppose you find that MQGAU 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 |
MQGAU 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 MQGAU bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MQGAU bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MQGAU bond over time.
Current vs Lagged Prices |
| Timeline |
MQGAU Lagged Returns
When evaluating MQGAU's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MQGAU bond have on its future price. MQGAU 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, MQGAU autocorrelation shows the relationship between MQGAU bond current value and its past values and can show if there is a momentum factor associated with investing in MQGAU 5376057 23 SEP 27.
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 MQGAU Bond
MQGAU financial ratios help investors to determine whether MQGAU 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 MQGAU with respect to the benefits of owning MQGAU security.