Miracll Chemicals (China) Market Value
| 300848 Stock | 18.63 0.07 0.38% |
| Symbol | Miracll |
Miracll Chemicals '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 Miracll Chemicals' 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 Miracll Chemicals.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Miracll Chemicals on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Miracll Chemicals Co or generate 0.0% return on investment in Miracll Chemicals over 30 days. Miracll Chemicals is related to or competes with Inspur Software, Beijing Sanyuan, New Hope, Youyou Foods, Zhengzhou Qianweiyangchu, Great Sun, and Linewell Software. Miracll Chemicals is entity of China. It is traded as Stock on SHE exchange. More
Miracll Chemicals 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 Miracll Chemicals' 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 Miracll Chemicals Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.91 | |||
| Information Ratio | 0.0897 | |||
| Maximum Drawdown | 26.85 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 7.91 |
Miracll Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miracll Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miracll Chemicals' standard deviation. In reality, there are many statistical measures that can use Miracll Chemicals historical prices to predict the future Miracll Chemicals' volatility.| Risk Adjusted Performance | 0.0989 | |||
| Jensen Alpha | 0.5671 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.098 | |||
| Treynor Ratio | (0.81) |
Miracll Chemicals Backtested Returns
Miracll Chemicals appears to be somewhat reliable, given 3 months investment horizon. Miracll Chemicals has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Miracll Chemicals' technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please exercise Miracll Chemicals' Downside Deviation of 3.91, mean deviation of 2.9, and Risk Adjusted Performance of 0.0989 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Miracll Chemicals holds a performance score of 12. The company secures a Beta (Market Risk) of -0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Miracll Chemicals are expected to decrease at a much lower rate. During the bear market, Miracll Chemicals is likely to outperform the market. Please check Miracll Chemicals' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Miracll Chemicals' current price movements will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Miracll Chemicals Co has weak reverse predictability. Overlapping area represents the amount of predictability between Miracll Chemicals time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Miracll Chemicals price movement. The serial correlation of -0.25 indicates that over 25.0% of current Miracll Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Miracll Chemicals lagged returns against current returns
Autocorrelation, which is Miracll Chemicals 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 Miracll Chemicals' stock expected returns. We can calculate the autocorrelation of Miracll Chemicals returns to help us make a trade decision. For example, suppose you find that Miracll Chemicals 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 |
Miracll Chemicals 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 Miracll Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miracll Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Miracll Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Miracll Chemicals Lagged Returns
When evaluating Miracll Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miracll Chemicals stock have on its future price. Miracll Chemicals 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, Miracll Chemicals autocorrelation shows the relationship between Miracll Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Miracll Chemicals 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 Miracll Stock
Miracll Chemicals financial ratios help investors to determine whether Miracll 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 Miracll with respect to the benefits of owning Miracll Chemicals security.