MITSUBISHI STEEL (Germany) Market Value
| 0BK Stock | 10.20 0.10 0.97% |
| Symbol | MITSUBISHI |
Please note, there is a significant difference between MITSUBISHI STEEL's value and its price as these two are different measures arrived at by different means. Investors typically determine if MITSUBISHI STEEL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MITSUBISHI STEEL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
MITSUBISHI STEEL '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 STEEL'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 MITSUBISHI STEEL.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in MITSUBISHI STEEL on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding MITSUBISHI STEEL MFG or generate 0.0% return on investment in MITSUBISHI STEEL over 90 days. MITSUBISHI STEEL is related to or competes with Grupo Carso, CARSALES, Carsales, VARIOUS EATERIES, Darden Restaurants, National Retail, and SIDETRADE. More
MITSUBISHI STEEL 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 STEEL'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 MITSUBISHI STEEL MFG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.2425 | |||
| Maximum Drawdown | 7.73 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.94 |
MITSUBISHI STEEL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MITSUBISHI STEEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MITSUBISHI STEEL's standard deviation. In reality, there are many statistical measures that can use MITSUBISHI STEEL historical prices to predict the future MITSUBISHI STEEL's volatility.| Risk Adjusted Performance | 0.1619 | |||
| Jensen Alpha | 0.3225 | |||
| Total Risk Alpha | 0.4797 | |||
| Sortino Ratio | 0.2181 | |||
| Treynor Ratio | 0.7035 |
MITSUBISHI STEEL MFG Backtested Returns
MITSUBISHI STEEL appears to be not too volatile, given 3 months investment horizon. MITSUBISHI STEEL MFG has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for MITSUBISHI STEEL, which you can use to evaluate the volatility of the firm. Please exercise MITSUBISHI STEEL's Market Risk Adjusted Performance of 0.7135, risk adjusted performance of 0.1619, and Mean Deviation of 1.26 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MITSUBISHI STEEL holds a performance score of 15. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MITSUBISHI STEEL's returns are expected to increase less than the market. However, during the bear market, the loss of holding MITSUBISHI STEEL is expected to be smaller as well. Please check MITSUBISHI STEEL's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether MITSUBISHI STEEL's current price movements will revert.
Auto-correlation | 0.32 |
Below average predictability
MITSUBISHI STEEL MFG has below average predictability. Overlapping area represents the amount of predictability between MITSUBISHI STEEL time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 2025. 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 STEEL MFG price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current MITSUBISHI STEEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
MITSUBISHI STEEL MFG lagged returns against current returns
Autocorrelation, which is MITSUBISHI STEEL 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 MITSUBISHI STEEL's stock expected returns. We can calculate the autocorrelation of MITSUBISHI STEEL returns to help us make a trade decision. For example, suppose you find that MITSUBISHI STEEL 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 |
MITSUBISHI STEEL 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 STEEL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MITSUBISHI STEEL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MITSUBISHI STEEL stock over time.
Current vs Lagged Prices |
| Timeline |
MITSUBISHI STEEL Lagged Returns
When evaluating MITSUBISHI STEEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MITSUBISHI STEEL stock have on its future price. MITSUBISHI STEEL 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 STEEL autocorrelation shows the relationship between MITSUBISHI STEEL stock current value and its past values and can show if there is a momentum factor associated with investing in MITSUBISHI STEEL MFG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MITSUBISHI Stock
MITSUBISHI STEEL financial ratios help investors to determine whether MITSUBISHI 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 MITSUBISHI with respect to the benefits of owning MITSUBISHI STEEL security.