Mega Info (China) Market Value
| 301102 Stock | 11.32 0.26 2.35% |
| Symbol | Mega |
Mega Info '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 Mega Info'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 Mega Info.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Mega Info on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Mega info Media CoLtd or generate 0.0% return on investment in Mega Info over 30 days. Mega Info is related to or competes with Zhangjiagang Elegant, Anhui Gujing, China Life, Easyhome New, Citic Guoan, Xiamen Goldenhome, and AUPU Home. Mega Info is entity of China. It is traded as Stock on SHE exchange. More
Mega Info 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 Mega Info'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 Mega info Media CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.82 | |||
| Information Ratio | 0.0317 | |||
| Maximum Drawdown | 30.51 | |||
| Value At Risk | (8.11) | |||
| Potential Upside | 7.32 |
Mega Info Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mega Info's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mega Info's standard deviation. In reality, there are many statistical measures that can use Mega Info historical prices to predict the future Mega Info's volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.1471 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0345 | |||
| Treynor Ratio | 0.1359 |
Mega info Media Backtested Returns
Mega Info appears to be slightly risky, given 3 months investment horizon. Mega info Media has Sharpe Ratio of 0.0367, which conveys that the firm had a 0.0367 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mega Info, which you can use to evaluate the volatility of the firm. Please exercise Mega Info's Mean Deviation of 3.62, risk adjusted performance of 0.0431, and Downside Deviation of 4.82 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mega Info holds a performance score of 2. The company secures a Beta (Market Risk) of 1.5, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mega Info will likely underperform. Please check Mega Info's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Mega Info's current price movements will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Mega info Media CoLtd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mega Info time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 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 Mega info Media price movement. The serial correlation of -0.79 indicates that around 79.0% of current Mega Info price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Mega info Media lagged returns against current returns
Autocorrelation, which is Mega Info 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 Mega Info's stock expected returns. We can calculate the autocorrelation of Mega Info returns to help us make a trade decision. For example, suppose you find that Mega Info 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 |
Mega Info 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 Mega Info stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mega Info stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mega Info stock over time.
Current vs Lagged Prices |
| Timeline |
Mega Info Lagged Returns
When evaluating Mega Info's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mega Info stock have on its future price. Mega Info 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, Mega Info autocorrelation shows the relationship between Mega Info stock current value and its past values and can show if there is a momentum factor associated with investing in Mega info Media CoLtd.
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 Mega Stock
Mega Info financial ratios help investors to determine whether Mega 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 Mega with respect to the benefits of owning Mega Info security.