MAINZ BIOMED's market value is the price at which a share of MAINZ BIOMED trades on a public exchange. It measures the collective expectations of MAINZ BIOMED BV investors about its performance. MAINZ BIOMED is trading at 8.00 as of the 25th of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 8.0. With this module, you can estimate the performance of a buy and hold strategy of MAINZ BIOMED BV and determine expected loss or profit from investing in MAINZ BIOMED over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
MAINZ
MAINZ BIOMED '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 MAINZ BIOMED'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 MAINZ BIOMED.
0.00
01/05/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/25/2024
0.00
If you would invest 0.00 in MAINZ BIOMED on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding MAINZ BIOMED BV or generate 0.0% return on investment in MAINZ BIOMED over 720 days.
MAINZ BIOMED 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 MAINZ BIOMED'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 MAINZ BIOMED BV upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAINZ BIOMED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAINZ BIOMED's standard deviation. In reality, there are many statistical measures that can use MAINZ BIOMED historical prices to predict the future MAINZ BIOMED's volatility.
MAINZ BIOMED appears to be risky, given 3 months investment horizon. MAINZ BIOMED BV has Sharpe Ratio of 0.0674, which conveys that the company had a 0.0674% return per unit of volatility over the last 3 months. By examining MAINZ BIOMED's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise MAINZ BIOMED's Downside Deviation of 10.99, mean deviation of 7.53, and Market Risk Adjusted Performance of (0.22) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MAINZ BIOMED holds a performance score of 5. The firm secures a Beta (Market Risk) of -1.55, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MAINZ BIOMED are expected to decrease by larger amounts. On the other hand, during market turmoil, MAINZ BIOMED is expected to outperform it. Please check MAINZ BIOMED's downside deviation, information ratio, and the relationship between the semi deviation and variance , to make a quick decision on whether MAINZ BIOMED's current price movements will revert.
Auto-correlation
0.89
Very good predictability
MAINZ BIOMED BV has very good predictability. Overlapping area represents the amount of predictability between MAINZ BIOMED time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 MAINZ BIOMED BV price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current MAINZ BIOMED price fluctuation can be explain by its past prices.
Correlation Coefficient
0.89
Spearman Rank Test
0.92
Residual Average
0.0
Price Variance
144.46
MAINZ BIOMED BV lagged returns against current returns
Autocorrelation, which is MAINZ BIOMED 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 MAINZ BIOMED's stock expected returns. We can calculate the autocorrelation of MAINZ BIOMED returns to help us make a trade decision. For example, suppose you find that MAINZ BIOMED 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
MAINZ BIOMED 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 MAINZ BIOMED stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAINZ BIOMED stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAINZ BIOMED stock over time.
Current vs Lagged Prices
Timeline
MAINZ BIOMED Lagged Returns
When evaluating MAINZ BIOMED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAINZ BIOMED stock have on its future price. MAINZ BIOMED 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, MAINZ BIOMED autocorrelation shows the relationship between MAINZ BIOMED stock current value and its past values and can show if there is a momentum factor associated with investing in MAINZ BIOMED BV.