MJ International (Taiwan) Market Value
| 8466 Stock | TWD 39.35 0.05 0.13% |
| Symbol | 8466 |
MJ International '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 MJ International'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 MJ International.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in MJ International on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding MJ International Co or generate 0.0% return on investment in MJ International over 90 days. MJ International is related to or competes with Nien Made, Nan Liu, Nishoku Technology, Ching Feng, and Iron Force. International Co., Ltd., together with its subsidiaries, engages in the development, production, and sales of luxury vin... More
MJ International 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 MJ International'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 MJ International Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0247 | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.69 |
MJ International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MJ International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MJ International's standard deviation. In reality, there are many statistical measures that can use MJ International historical prices to predict the future MJ International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.1575 | |||
| Treynor Ratio | (5.16) |
MJ International Backtested Returns
MJ International retains Efficiency (Sharpe Ratio) of -0.0464, which conveys that the firm had a -0.0464 % return per unit of price deviation over the last 3 months. MJ International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MJ International's Market Risk Adjusted Performance of (5.15), information ratio of 0.0247, and Mean Deviation of 1.2 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.018, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MJ International's returns are expected to increase less than the market. However, during the bear market, the loss of holding MJ International is expected to be smaller as well. At this point, MJ International has a negative expected return of -0.0735%. Please make sure to verify MJ International's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if MJ International performance from the past will be repeated sooner or later.
Auto-correlation | -0.1 |
Very weak reverse predictability
MJ International Co has very weak reverse predictability. Overlapping area represents the amount of predictability between MJ International time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th 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 MJ International price movement. The serial correlation of -0.1 indicates that less than 10.0% of current MJ International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 2.65 |
MJ International lagged returns against current returns
Autocorrelation, which is MJ International 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 MJ International's stock expected returns. We can calculate the autocorrelation of MJ International returns to help us make a trade decision. For example, suppose you find that MJ International 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 |
MJ International 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 MJ International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MJ International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MJ International stock over time.
Current vs Lagged Prices |
| Timeline |
MJ International Lagged Returns
When evaluating MJ International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MJ International stock have on its future price. MJ International 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, MJ International autocorrelation shows the relationship between MJ International stock current value and its past values and can show if there is a momentum factor associated with investing in MJ International Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for 8466 Stock Analysis
When running MJ International's price analysis, check to measure MJ International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MJ International is operating at the current time. Most of MJ International's value examination focuses on studying past and present price action to predict the probability of MJ International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MJ International's price. Additionally, you may evaluate how the addition of MJ International to your portfolios can decrease your overall portfolio volatility.