Movado (Germany) Market Value
| MV4 Stock | EUR 24.40 0.40 1.61% |
| Symbol | Movado |
Movado '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 Movado'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 Movado.
| 04/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Movado on April 23, 2024 and sell it all today you would earn a total of 0.00 from holding Movado Group or generate 0.0% return on investment in Movado over 30 days. Movado is related to or competes with Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, Intel, Volkswagen, and Reliance Steel. Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internatio... More
Movado 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 Movado'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 Movado Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.54 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.52 |
Movado Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Movado's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Movado's standard deviation. In reality, there are many statistical measures that can use Movado historical prices to predict the future Movado's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (1.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Movado'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.
Movado Group Backtested Returns
Movado Group has Sharpe Ratio of -0.0435, which conveys that the firm had a -0.0435% return per unit of risk over the last 3 months. Movado exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Movado's Standard Deviation of 1.56, risk adjusted performance of (0.02), and Mean Deviation of 1.22 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0558, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Movado's returns are expected to increase less than the market. However, during the bear market, the loss of holding Movado is expected to be smaller as well. Movado Group has an expected return of -0.0689%. Please make sure to verify Movado Group potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if Movado Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Movado Group has modest reverse predictability. Overlapping area represents the amount of predictability between Movado time series from 23rd of April 2024 to 8th of May 2024 and 8th of May 2024 to 23rd of May 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 Movado Group price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Movado price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Movado Group lagged returns against current returns
Autocorrelation, which is Movado 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 Movado's stock expected returns. We can calculate the autocorrelation of Movado returns to help us make a trade decision. For example, suppose you find that Movado 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 |
Movado 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 Movado stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Movado stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Movado stock over time.
Current vs Lagged Prices |
| Timeline |
Movado Lagged Returns
When evaluating Movado's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Movado stock have on its future price. Movado 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, Movado autocorrelation shows the relationship between Movado stock current value and its past values and can show if there is a momentum factor associated with investing in Movado Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Movado Group is a strong investment it is important to analyze Movado's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Movado's future performance. For an informed investment choice regarding Movado Stock, refer to the following important reports:Check out Movado Correlation, Movado Volatility and Movado Alpha and Beta module to complement your research on Movado. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Movado Stock analysis
When running Movado's price analysis, check to measure Movado'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 Movado is operating at the current time. Most of Movado's value examination focuses on studying past and present price action to predict the probability of Movado's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Movado's price. Additionally, you may evaluate how the addition of Movado to your portfolios can decrease your overall portfolio volatility.
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Movado technical stock 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, stock market cycles, or different charting patterns.