Mongolia Growth Group Stock Market Value
| YAK Stock | CAD 1.35 0.01 0.75% |
| Symbol | Mongolia |
Mongolia Growth Group Price To Book Ratio
Mongolia Growth '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 Mongolia Growth's stock 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 Mongolia Growth.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mongolia Growth on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mongolia Growth Group or generate 0.0% return on investment in Mongolia Growth over 180 days. Mongolia Growth is related to or competes with Mongolia Growth, Parkit Enterprise, Inventronics, Urbanfund Corp, and Imperial Equities. Mongolia Growth Group Ltd., a real estate investment and development company, owns commercial investment property assets... More
Mongolia Growth 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 Mongolia Growth's stock 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 Mongolia Growth Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.03 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 3.76 |
Mongolia Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mongolia Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mongolia Growth's standard deviation. In reality, there are many statistical measures that can use Mongolia Growth historical prices to predict the future Mongolia Growth's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.20) |
Mongolia Growth Group Backtested Returns
Mongolia Growth Group has Sharpe Ratio of -0.0152, which conveys that the firm had a -0.0152% return per unit of risk over the last 3 months. Mongolia Growth exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mongolia Growth's Standard Deviation of 2.46, risk adjusted performance of (0.01), and Mean Deviation of 1.66 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mongolia Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mongolia Growth is expected to be smaller as well. At this point, Mongolia Growth Group has a negative expected return of -0.038%. Please make sure to verify Mongolia Growth's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Mongolia Growth Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Mongolia Growth Group has poor predictability. Overlapping area represents the amount of predictability between Mongolia Growth time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Mongolia Growth Group price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Mongolia Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mongolia Growth Group lagged returns against current returns
Autocorrelation, which is Mongolia Growth stock'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 Mongolia Growth's stock expected returns. We can calculate the autocorrelation of Mongolia Growth returns to help us make a trade decision. For example, suppose you find that Mongolia Growth has exhibited high autocorrelation historically, and you observe that the stock 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 |
Mongolia Growth 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 Mongolia Growth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mongolia Growth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mongolia Growth stock over time.
Current vs Lagged Prices |
| Timeline |
Mongolia Growth Lagged Returns
When evaluating Mongolia Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mongolia Growth stock have on its future price. Mongolia Growth 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, Mongolia Growth autocorrelation shows the relationship between Mongolia Growth stock current value and its past values and can show if there is a momentum factor associated with investing in Mongolia Growth Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mongolia Stock Analysis
When running Mongolia Growth's price analysis, check to measure Mongolia Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mongolia Growth is operating at the current time. Most of Mongolia Growth's value examination focuses on studying past and present price action to predict the probability of Mongolia Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mongolia Growth's price. Additionally, you may evaluate how the addition of Mongolia Growth to your portfolios can decrease your overall portfolio volatility.