Mitsubishi Electric Corp Stock Market Value
| MIELY Stock | USD 32.36 0.25 0.77% |
| Symbol | Mitsubishi |
Mitsubishi Electric '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 Electric's pink sheet 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 Electric.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Mitsubishi Electric on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Mitsubishi Electric Corp or generate 0.0% return on investment in Mitsubishi Electric over 720 days. Mitsubishi Electric is related to or competes with V2X, National Presto, Kaman, Woodward, Hexcel, Ducommun Incorporated, and Mercury Systems. Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment world... More
Mitsubishi Electric 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 Electric's pink sheet 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 Electric Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.0586 | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 2.54 |
Mitsubishi Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsubishi Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsubishi Electric's standard deviation. In reality, there are many statistical measures that can use Mitsubishi Electric historical prices to predict the future Mitsubishi Electric's volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | 0.1305 | |||
| Total Risk Alpha | 0.0223 | |||
| Sortino Ratio | 0.0578 | |||
| Treynor Ratio | 0.4353 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitsubishi Electric's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mitsubishi Electric Corp Backtested Returns
We consider Mitsubishi Electric very steady. Mitsubishi Electric Corp has Sharpe Ratio of 0.0991, which conveys that the firm had a 0.0991% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mitsubishi Electric, which you can use to evaluate the volatility of the firm. Please verify Mitsubishi Electric's Risk Adjusted Performance of 0.0637, mean deviation of 1.34, and Downside Deviation of 1.74 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Mitsubishi Electric has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mitsubishi Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitsubishi Electric is expected to be smaller as well. Mitsubishi Electric Corp right now secures a risk of 1.7%. Please verify Mitsubishi Electric Corp downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Mitsubishi Electric Corp will be following its current price movements.
Auto-correlation | 0.78 |
Good predictability
Mitsubishi Electric Corp has good predictability. Overlapping area represents the amount of predictability between Mitsubishi Electric time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Electric Corp price movement. The serial correlation of 0.78 indicates that around 78.0% of current Mitsubishi Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 7.71 |
Mitsubishi Electric Corp lagged returns against current returns
Autocorrelation, which is Mitsubishi Electric pink sheet'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 Electric's pink sheet expected returns. We can calculate the autocorrelation of Mitsubishi Electric returns to help us make a trade decision. For example, suppose you find that Mitsubishi Electric has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Electric 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 Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsubishi Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsubishi Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mitsubishi Electric Lagged Returns
When evaluating Mitsubishi Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsubishi Electric pink sheet have on its future price. Mitsubishi Electric 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 Electric autocorrelation shows the relationship between Mitsubishi Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mitsubishi Electric Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mitsubishi Electric in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mitsubishi Electric's short interest history, or implied volatility extrapolated from Mitsubishi Electric options trading.
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Complementary Tools for Mitsubishi Pink Sheet analysis
When running Mitsubishi Electric's price analysis, check to measure Mitsubishi Electric'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 Mitsubishi Electric is operating at the current time. Most of Mitsubishi Electric's value examination focuses on studying past and present price action to predict the probability of Mitsubishi Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitsubishi Electric's price. Additionally, you may evaluate how the addition of Mitsubishi Electric to your portfolios can decrease your overall portfolio volatility.
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Mitsubishi Electric technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.