Midea Group (China) Market Value
| 000333 Stock | 74.61 0.61 0.82% |
| Symbol | Midea |
Midea Group '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 Midea Group'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 Midea Group.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in Midea Group on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Midea Group Co or generate 0.0% return on investment in Midea Group over 180 days. Midea Group is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Midea Group is entity of China. It is traded as Stock on SHE exchange. More
Midea Group 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 Midea Group'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 Midea Group Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.1302 | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 4.19 |
Midea Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midea Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midea Group's standard deviation. In reality, there are many statistical measures that can use Midea Group historical prices to predict the future Midea Group's volatility.| Risk Adjusted Performance | 0.1222 | |||
| Jensen Alpha | 0.3008 | |||
| Total Risk Alpha | 0.2277 | |||
| Sortino Ratio | 0.1311 | |||
| Treynor Ratio | (0.48) |
Midea Group Backtested Returns
At this point, Midea Group is very steady. Midea Group has Sharpe Ratio of 0.0615, which conveys that the firm had a 0.0615% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Midea Group, which you can use to evaluate the volatility of the firm. Please verify Midea Group's Mean Deviation of 1.48, downside deviation of 2.01, and Risk Adjusted Performance of 0.1222 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Midea Group has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Midea Group are expected to decrease at a much lower rate. During the bear market, Midea Group is likely to outperform the market. Midea Group right now secures a risk of 2.05%. Please verify Midea Group Co downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Midea Group Co will be following its current price movements.
Auto-correlation | 0.06 |
Virtually no predictability
Midea Group Co has virtually no predictability. Overlapping area represents the amount of predictability between Midea Group time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th of December 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 Midea Group price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Midea Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 5.24 |
Midea Group lagged returns against current returns
Autocorrelation, which is Midea Group 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 Midea Group's stock expected returns. We can calculate the autocorrelation of Midea Group returns to help us make a trade decision. For example, suppose you find that Midea Group 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 |
Midea Group 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 Midea Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midea Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midea Group stock over time.
Current vs Lagged Prices |
| Timeline |
Midea Group Lagged Returns
When evaluating Midea Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midea Group stock have on its future price. Midea Group 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, Midea Group autocorrelation shows the relationship between Midea Group stock current value and its past values and can show if there is a momentum factor associated with investing in Midea Group Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Midea Stock
Midea Group financial ratios help investors to determine whether Midea Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Midea with respect to the benefits of owning Midea Group security.