MYFAIR GOLD (Germany) Market Value
| 9M5 Stock | 1.10 0.01 0.90% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in MYFAIR GOLD on December 17, 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 90 days. MYFAIR GOLD is related to or competes with National Beverage, Nippon Light, Tsingtao Brewery, Perseus Mining, MOLSON COORS, Harmony Gold, and THAI BEVERAGE. 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.
| Information Ratio | 0.0222 | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.0 |
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 | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.247 | |||
| Treynor Ratio | 0.294 |
MYFAIR GOLD P Backtested Returns
MYFAIR GOLD P has Sharpe Ratio of -0.0188, which conveys that the firm had a -0.0188 % return per unit of risk over the last 3 months. MYFAIR GOLD exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MYFAIR GOLD's risk adjusted performance of (0.01), and Mean Deviation of 1.88 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYFAIR GOLD are expected to decrease at a much lower rate. During the bear market, MYFAIR GOLD is likely to outperform the market. At this point, MYFAIR GOLD P has a negative expected return of -0.0455%. Please make sure to verify MYFAIR GOLD's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if MYFAIR GOLD P performance from the past will be repeated at future time.
Auto-correlation | 0.10 |
Insignificant predictability
MYFAIR GOLD P has insignificant predictability. Overlapping area represents the amount of predictability between MYFAIR GOLD time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 MYFAIR GOLD P price movement. The serial correlation of 0.1 indicates that less than 10.0% of current MYFAIR GOLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
| Timeline |
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.