Misr National's market value is the price at which a share of Misr National trades on a public exchange. It measures the collective expectations of Misr National Steel investors about its performance. Misr National is trading at 5.44 as of the 14th of December 2024. This is a 0.18% up since the beginning of the trading day. The stock's lowest day price was 5.4. With this module, you can estimate the performance of a buy and hold strategy of Misr National Steel and determine expected loss or profit from investing in Misr National 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
Misr
Misr National '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 Misr National'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 Misr National.
0.00
11/14/2024
No Change 0.00
0.0
In 30 days
12/14/2024
0.00
If you would invest 0.00 in Misr National on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Misr National Steel or generate 0.0% return on investment in Misr National over 30 days.
Misr National 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 Misr National'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 Misr National Steel 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 Misr National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Misr National's standard deviation. In reality, there are many statistical measures that can use Misr National historical prices to predict the future Misr National's volatility.
Misr National appears to be slightly risky, given 3 months investment horizon. Misr National Steel has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Misr National, which you can use to evaluate the volatility of the firm. Please exercise Misr National's Mean Deviation of 2.32, downside deviation of 2.25, and Risk Adjusted Performance of 0.1714 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Misr National holds a performance score of 10. The company secures a Beta (Market Risk) of 0.89, which conveys possible diversification benefits within a given portfolio. Misr National returns are very sensitive to returns on the market. As the market goes up or down, Misr National is expected to follow. Please check Misr National's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Misr National's current price movements will revert.
Auto-correlation
0.46
Average predictability
Misr National Steel has average predictability. Overlapping area represents the amount of predictability between Misr National time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Misr National Steel price movement. The serial correlation of 0.46 indicates that about 46.0% of current Misr National price fluctuation can be explain by its past prices.
Correlation Coefficient
0.46
Spearman Rank Test
0.23
Residual Average
0.0
Price Variance
0.01
Misr National Steel lagged returns against current returns
Autocorrelation, which is Misr National 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 Misr National's stock expected returns. We can calculate the autocorrelation of Misr National returns to help us make a trade decision. For example, suppose you find that Misr National 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
Misr National 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 Misr National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Misr National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Misr National stock over time.
Current vs Lagged Prices
Timeline
Misr National Lagged Returns
When evaluating Misr National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Misr National stock have on its future price. Misr National 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, Misr National autocorrelation shows the relationship between Misr National stock current value and its past values and can show if there is a momentum factor associated with investing in Misr National Steel.
Regressed Prices
Timeline
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