Megacable Holdings (Mexico) Market Value
| MEGACPO Stock | MXN 49.46 0.45 0.92% |
| Symbol | Megacable |
Megacable Holdings '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 Megacable Holdings' 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 Megacable Holdings.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Megacable Holdings on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Megacable Holdings S or generate 0.0% return on investment in Megacable Holdings over 30 days. Megacable Holdings is related to or competes with Promotora, Grupo Aeroportuario, Grupo Aeroportuario, Grupo Televisa, and Grupo Aeroportuario. V., together with its subsidiaries, engages in the installation, operation, and maintenance of cable television, interne... More
Megacable Holdings 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 Megacable Holdings' 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 Megacable Holdings S upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.1153 | |||
| Maximum Drawdown | 13.93 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 5.43 |
Megacable Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Megacable Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Megacable Holdings' standard deviation. In reality, there are many statistical measures that can use Megacable Holdings historical prices to predict the future Megacable Holdings' volatility.| Risk Adjusted Performance | 0.0946 | |||
| Jensen Alpha | 0.362 | |||
| Total Risk Alpha | 0.1146 | |||
| Sortino Ratio | 0.1475 | |||
| Treynor Ratio | 1.95 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Megacable Holdings' 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.
Megacable Holdings Backtested Returns
Megacable Holdings appears to be very steady, given 3 months investment horizon. Megacable Holdings has Sharpe Ratio of 0.0966, which conveys that the firm had a 0.0966% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Megacable Holdings, which you can use to evaluate the volatility of the firm. Please exercise Megacable Holdings' Risk Adjusted Performance of 0.0946, downside deviation of 2.13, and Mean Deviation of 2.01 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Megacable Holdings holds a performance score of 7. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Megacable Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Megacable Holdings is expected to be smaller as well. Please check Megacable Holdings' coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Megacable Holdings' current price movements will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Megacable Holdings S has insignificant predictability. Overlapping area represents the amount of predictability between Megacable Holdings time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Megacable Holdings price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Megacable Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Megacable Holdings lagged returns against current returns
Autocorrelation, which is Megacable Holdings 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 Megacable Holdings' stock expected returns. We can calculate the autocorrelation of Megacable Holdings returns to help us make a trade decision. For example, suppose you find that Megacable Holdings 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 |
Megacable Holdings 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 Megacable Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Megacable Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Megacable Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Megacable Holdings Lagged Returns
When evaluating Megacable Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Megacable Holdings stock have on its future price. Megacable Holdings 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, Megacable Holdings autocorrelation shows the relationship between Megacable Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Megacable Holdings S.
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 Megacable Holdings 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, Megacable Holdings' short interest history, or implied volatility extrapolated from Megacable Holdings options trading.
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Try AI Portfolio ArchitectCheck out Megacable Holdings Correlation, Megacable Holdings Volatility and Megacable Holdings Alpha and Beta module to complement your research on Megacable Holdings. Note that the Megacable Holdings information on this page should be used as a complementary analysis to other Megacable Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Megacable Stock analysis
When running Megacable Holdings' price analysis, check to measure Megacable Holdings' 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 Megacable Holdings is operating at the current time. Most of Megacable Holdings' value examination focuses on studying past and present price action to predict the probability of Megacable Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Megacable Holdings' price. Additionally, you may evaluate how the addition of Megacable Holdings to your portfolios can decrease your overall portfolio volatility.
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Megacable Holdings 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.