MITSUBISHI UFJ FINL Market Value
| 606822AU8 | 98.47 1.24 1.24% |
| Symbol | MITSUBISHI |
MITSUBISHI '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 MITSUBISHI'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 MITSUBISHI.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in MITSUBISHI on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding MITSUBISHI UFJ FINL or generate 0.0% return on investment in MITSUBISHI over 30 days. MITSUBISHI is related to or competes with Tenaris SA, Drilling Tools, Vita Coco, Japan Tobacco, Helmerich, Transocean, and Boston Beer. More
MITSUBISHI 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 MITSUBISHI'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 MITSUBISHI UFJ FINL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.69 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.03 |
MITSUBISHI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MITSUBISHI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MITSUBISHI's standard deviation. In reality, there are many statistical measures that can use MITSUBISHI historical prices to predict the future MITSUBISHI's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.38) |
MITSUBISHI UFJ FINL Backtested Returns
MITSUBISHI UFJ FINL has Sharpe Ratio of -0.0758, which conveys that the entity had a -0.0758% return per unit of standard deviation over the last 3 months. MITSUBISHI exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MITSUBISHI's Mean Deviation of 0.2505, market risk adjusted performance of (0.37), and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.0668, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MITSUBISHI's returns are expected to increase less than the market. However, during the bear market, the loss of holding MITSUBISHI is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
MITSUBISHI UFJ FINL has very weak predictability. Overlapping area represents the amount of predictability between MITSUBISHI time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 MITSUBISHI UFJ FINL price movement. The serial correlation of 0.16 indicates that over 16.0% of current MITSUBISHI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
MITSUBISHI UFJ FINL lagged returns against current returns
Autocorrelation, which is MITSUBISHI 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 MITSUBISHI's bond expected returns. We can calculate the autocorrelation of MITSUBISHI returns to help us make a trade decision. For example, suppose you find that MITSUBISHI 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 |
MITSUBISHI 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 MITSUBISHI bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MITSUBISHI bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MITSUBISHI bond over time.
Current vs Lagged Prices |
| Timeline |
MITSUBISHI Lagged Returns
When evaluating MITSUBISHI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MITSUBISHI bond have on its future price. MITSUBISHI 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, MITSUBISHI autocorrelation shows the relationship between MITSUBISHI bond current value and its past values and can show if there is a momentum factor associated with investing in MITSUBISHI UFJ FINL.
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 MITSUBISHI Bond
MITSUBISHI financial ratios help investors to determine whether MITSUBISHI 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 MITSUBISHI with respect to the benefits of owning MITSUBISHI security.