MGI Digital (France) Market Value
| ALMDG Stock | EUR 14.86 0.02 0.13% |
| Symbol | MGI |
MGI Digital '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 MGI Digital'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 MGI Digital.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in MGI Digital on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding MGI Digital or generate 0.0% return on investment in MGI Digital over 90 days. MGI Digital is related to or competes with Prodways Group, Chargeurs, and Straumann Holding. MGI Digital Technology Socit Anonyme designs, manufactures, and sells digital printing and finishing equipment for the g... More
MGI Digital 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 MGI Digital'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 MGI Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0624 | |||
| Maximum Drawdown | 10.62 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 2.99 |
MGI Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGI Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGI Digital's standard deviation. In reality, there are many statistical measures that can use MGI Digital historical prices to predict the future MGI Digital's volatility.| Risk Adjusted Performance | 0.0168 | |||
| Jensen Alpha | 0.0322 | |||
| Total Risk Alpha | 0.2661 | |||
| Sortino Ratio | 0.0696 | |||
| Treynor Ratio | 0.1038 |
MGI Digital Backtested Returns
MGI Digital has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of volatility over the last 3 months. MGI Digital exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MGI Digital's risk adjusted performance of 0.0168, and Mean Deviation of 1.41 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MGI Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding MGI Digital is expected to be smaller as well. At this point, MGI Digital has a negative expected return of -0.0098%. Please make sure to verify MGI Digital's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if MGI Digital performance from the past will be repeated in the future.
Auto-correlation | 0.31 |
Below average predictability
MGI Digital has below average predictability. Overlapping area represents the amount of predictability between MGI Digital time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 MGI Digital price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current MGI Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
MGI Digital lagged returns against current returns
Autocorrelation, which is MGI Digital 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 MGI Digital's stock expected returns. We can calculate the autocorrelation of MGI Digital returns to help us make a trade decision. For example, suppose you find that MGI Digital 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 |
MGI Digital 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 MGI Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGI Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGI Digital stock over time.
Current vs Lagged Prices |
| Timeline |
MGI Digital Lagged Returns
When evaluating MGI Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGI Digital stock have on its future price. MGI Digital 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, MGI Digital autocorrelation shows the relationship between MGI Digital stock current value and its past values and can show if there is a momentum factor associated with investing in MGI Digital.
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 MGI Stock Analysis
When running MGI Digital's price analysis, check to measure MGI Digital'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 MGI Digital is operating at the current time. Most of MGI Digital's value examination focuses on studying past and present price action to predict the probability of MGI Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGI Digital's price. Additionally, you may evaluate how the addition of MGI Digital to your portfolios can decrease your overall portfolio volatility.