MAYOCL 3196 15 NOV 61 Market Value
| 578454AF7 | 67.67 0.39 0.57% |
| Symbol | MAYOCL |
Please note, there is a significant difference between MAYOCL's value and its price as these two are different measures arrived at by different means. Investors typically determine if MAYOCL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MAYOCL'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.
MAYOCL '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 MAYOCL'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 MAYOCL.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in MAYOCL on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding MAYOCL 3196 15 NOV 61 or generate 0.0% return on investment in MAYOCL over 540 days. MAYOCL is related to or competes with RBC Bearings, Primoris Services, Chart Industries, Park Ohio, RCS MediaGroup, Highway Holdings, and ChampionX. More
MAYOCL 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 MAYOCL'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 MAYOCL 3196 15 NOV 61 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | 0.0027 | |||
| Maximum Drawdown | 25.42 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 4.16 |
MAYOCL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAYOCL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAYOCL's standard deviation. In reality, there are many statistical measures that can use MAYOCL historical prices to predict the future MAYOCL's volatility.| Risk Adjusted Performance | 0.0357 | |||
| Jensen Alpha | 0.087 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.003 | |||
| Treynor Ratio | 0.376 |
MAYOCL 3196 15 Backtested Returns
MAYOCL 3196 15 has Sharpe Ratio of -0.0322, which conveys that the bond had a -0.0322% return per unit of standard deviation over the last 3 months. MAYOCL exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MAYOCL's downside deviation of 3.42, and Mean Deviation of 2.15 to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MAYOCL's returns are expected to increase less than the market. However, during the bear market, the loss of holding MAYOCL is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
MAYOCL 3196 15 NOV 61 has weak predictability. Overlapping area represents the amount of predictability between MAYOCL time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 MAYOCL 3196 15 price movement. The serial correlation of 0.2 indicates that over 20.0% of current MAYOCL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 7.13 |
MAYOCL 3196 15 lagged returns against current returns
Autocorrelation, which is MAYOCL 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 MAYOCL's bond expected returns. We can calculate the autocorrelation of MAYOCL returns to help us make a trade decision. For example, suppose you find that MAYOCL 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 |
MAYOCL 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 MAYOCL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAYOCL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAYOCL bond over time.
Current vs Lagged Prices |
| Timeline |
MAYOCL Lagged Returns
When evaluating MAYOCL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAYOCL bond have on its future price. MAYOCL 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, MAYOCL autocorrelation shows the relationship between MAYOCL bond current value and its past values and can show if there is a momentum factor associated with investing in MAYOCL 3196 15 NOV 61.
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 MAYOCL Bond
MAYOCL financial ratios help investors to determine whether MAYOCL 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 MAYOCL with respect to the benefits of owning MAYOCL security.