Mineralbrunnen Überkingen-Teina (Germany) Market Value
| MUT Stock | EUR 14.10 0.10 0.71% |
| Symbol | Mineralbrunnen |
Mineralbrunnen Überkingen-Teina '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 Mineralbrunnen Überkingen-Teina'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 Mineralbrunnen Überkingen-Teina.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Mineralbrunnen Überkingen-Teina on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mineralbrunnen berkingen Teinach GmbH or generate 0.0% return on investment in Mineralbrunnen Überkingen-Teina over 90 days. Mineralbrunnen Überkingen-Teina is related to or competes with FOMECONMEXSAB DCV, Heineken Holding, and Carlsberg A/S. The company offers mineral and medicinal water, and fruit juices More
Mineralbrunnen Überkingen-Teina 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 Mineralbrunnen Überkingen-Teina'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 Mineralbrunnen berkingen Teinach GmbH upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 21.68 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 0.7143 |
Mineralbrunnen Überkingen-Teina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mineralbrunnen Überkingen-Teina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mineralbrunnen Überkingen-Teina's standard deviation. In reality, there are many statistical measures that can use Mineralbrunnen Überkingen-Teina historical prices to predict the future Mineralbrunnen Überkingen-Teina's volatility.| Risk Adjusted Performance | 0.0317 | |||
| Jensen Alpha | 0.0445 | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.1861 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mineralbrunnen Überkingen-Teina'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.
Mineralbrunnen Überkingen-Teina Backtested Returns
Mineralbrunnen Überkingen-Teina has Sharpe Ratio of -0.0626, which conveys that the firm had a -0.0626% return per unit of risk over the last 3 months. Mineralbrunnen Überkingen-Teina exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mineralbrunnen Überkingen-Teina's Mean Deviation of 0.7497, standard deviation of 2.36, and Risk Adjusted Performance of 0.0317 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mineralbrunnen Überkingen-Teina's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mineralbrunnen Überkingen-Teina is expected to be smaller as well. Mineralbrunnen Überkingen-Teina has an expected return of -0.0982%. Please make sure to verify Mineralbrunnen berkingen Teinach GmbH kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if Mineralbrunnen Überkingen-Teina performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Mineralbrunnen berkingen Teinach GmbH has below average predictability. Overlapping area represents the amount of predictability between Mineralbrunnen Überkingen-Teina time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Mineralbrunnen Überkingen-Teina price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Mineralbrunnen Überkingen-Teina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Mineralbrunnen Überkingen-Teina lagged returns against current returns
Autocorrelation, which is Mineralbrunnen Überkingen-Teina 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 Mineralbrunnen Überkingen-Teina's stock expected returns. We can calculate the autocorrelation of Mineralbrunnen Überkingen-Teina returns to help us make a trade decision. For example, suppose you find that Mineralbrunnen Überkingen-Teina 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 |
Mineralbrunnen Überkingen-Teina 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 Mineralbrunnen Überkingen-Teina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mineralbrunnen Überkingen-Teina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mineralbrunnen Überkingen-Teina stock over time.
Current vs Lagged Prices |
| Timeline |
Mineralbrunnen Überkingen-Teina Lagged Returns
When evaluating Mineralbrunnen Überkingen-Teina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mineralbrunnen Überkingen-Teina stock have on its future price. Mineralbrunnen Überkingen-Teina 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, Mineralbrunnen Überkingen-Teina autocorrelation shows the relationship between Mineralbrunnen Überkingen-Teina stock current value and its past values and can show if there is a momentum factor associated with investing in Mineralbrunnen berkingen Teinach GmbH.
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 Mineralbrunnen Überkingen-Teina 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, Mineralbrunnen Überkingen-Teina's short interest history, or implied volatility extrapolated from Mineralbrunnen Überkingen-Teina options trading.
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Complementary Tools for Mineralbrunnen Stock analysis
When running Mineralbrunnen Überkingen-Teina's price analysis, check to measure Mineralbrunnen Überkingen-Teina'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 Mineralbrunnen Überkingen-Teina is operating at the current time. Most of Mineralbrunnen Überkingen-Teina's value examination focuses on studying past and present price action to predict the probability of Mineralbrunnen Überkingen-Teina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mineralbrunnen Überkingen-Teina's price. Additionally, you may evaluate how the addition of Mineralbrunnen Überkingen-Teina to your portfolios can decrease your overall portfolio volatility.
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Mineralbrunnen Überkingen-Teina 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.