MYFAIR GOLD (Germany) Market Value
| 9M5 Stock | 1.22 0.01 0.83% |
| Symbol | MYFAIR |
MYFAIR GOLD '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 MYFAIR GOLD'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 MYFAIR GOLD.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in MYFAIR GOLD on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding MYFAIR GOLD P or generate 0.0% return on investment in MYFAIR GOLD over 30 days. MYFAIR GOLD is related to or competes with Barrick Gold, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. More
MYFAIR GOLD 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 MYFAIR GOLD'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 MYFAIR GOLD P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.034 | |||
| Maximum Drawdown | 23.06 | |||
| Value At Risk | (6.62) | |||
| Potential Upside | 5.76 |
MYFAIR GOLD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYFAIR GOLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYFAIR GOLD's standard deviation. In reality, there are many statistical measures that can use MYFAIR GOLD historical prices to predict the future MYFAIR GOLD's volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | 0.1961 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0305 | |||
| Treynor Ratio | 0.5989 |
MYFAIR GOLD P Backtested Returns
MYFAIR GOLD appears to be dangerous, given 3 months investment horizon. MYFAIR GOLD P has Sharpe Ratio of 0.057, which conveys that the firm had a 0.057% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for MYFAIR GOLD, which you can use to evaluate the volatility of the firm. Please exercise MYFAIR GOLD's mean deviation of 2.87, and Risk Adjusted Performance of 0.0561 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MYFAIR GOLD holds a performance score of 4. 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, MYFAIR GOLD's returns are expected to increase less than the market. However, during the bear market, the loss of holding MYFAIR GOLD is expected to be smaller as well. Please check MYFAIR GOLD's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether MYFAIR GOLD's current price movements will revert.
Auto-correlation | -0.54 |
Good reverse predictability
MYFAIR GOLD P has good reverse predictability. Overlapping area represents the amount of predictability between MYFAIR GOLD time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 MYFAIR GOLD P price movement. The serial correlation of -0.54 indicates that about 54.0% of current MYFAIR GOLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
MYFAIR GOLD P lagged returns against current returns
Autocorrelation, which is MYFAIR GOLD 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 MYFAIR GOLD's stock expected returns. We can calculate the autocorrelation of MYFAIR GOLD returns to help us make a trade decision. For example, suppose you find that MYFAIR GOLD 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 |
MYFAIR GOLD 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 MYFAIR GOLD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYFAIR GOLD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYFAIR GOLD stock over time.
Current vs Lagged Prices |
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MYFAIR GOLD Lagged Returns
When evaluating MYFAIR GOLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYFAIR GOLD stock have on its future price. MYFAIR GOLD 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, MYFAIR GOLD autocorrelation shows the relationship between MYFAIR GOLD stock current value and its past values and can show if there is a momentum factor associated with investing in MYFAIR GOLD P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MYFAIR Stock
MYFAIR GOLD financial ratios help investors to determine whether MYFAIR 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 MYFAIR with respect to the benefits of owning MYFAIR GOLD security.