MAGHREB OXYGENE's market value is the price at which a share of MAGHREB OXYGENE trades on a public exchange. It measures the collective expectations of MAGHREB OXYGENE investors about its performance. MAGHREB OXYGENE is trading at 250.00 as of the 4th of December 2024, a 0.58 percent increase since the beginning of the trading day. The stock's open price was 248.55. With this module, you can estimate the performance of a buy and hold strategy of MAGHREB OXYGENE and determine expected loss or profit from investing in MAGHREB OXYGENE over a given investment horizon. Check out Correlation Analysis 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 metropolitan statistical area.
Symbol
MAGHREB
MAGHREB OXYGENE '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 MAGHREB OXYGENE'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 MAGHREB OXYGENE.
0.00
08/06/2024
No Change 0.00
0.0
In 4 months and 1 day
12/04/2024
0.00
If you would invest 0.00 in MAGHREB OXYGENE on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding MAGHREB OXYGENE or generate 0.0% return on investment in MAGHREB OXYGENE over 120 days.
MAGHREB OXYGENE 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 MAGHREB OXYGENE'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 MAGHREB OXYGENE 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 MAGHREB OXYGENE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAGHREB OXYGENE's standard deviation. In reality, there are many statistical measures that can use MAGHREB OXYGENE historical prices to predict the future MAGHREB OXYGENE's volatility.
MAGHREB OXYGENE appears to be very steady, given 3 months investment horizon. MAGHREB OXYGENE has Sharpe Ratio of 0.0732, which conveys that the company had a 0.0732% return per unit of risk over the last 3 months. We have found thirty technical indicators for MAGHREB OXYGENE, which you can use to evaluate the volatility of the entity. Please exercise MAGHREB OXYGENE's Downside Deviation of 6.52, mean deviation of 1.75, and Semi Deviation of 2.61 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MAGHREB OXYGENE holds a performance score of 5. The firm secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MAGHREB OXYGENE's returns are expected to increase less than the market. However, during the bear market, the loss of holding MAGHREB OXYGENE is expected to be smaller as well. Please check MAGHREB OXYGENE's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether MAGHREB OXYGENE's current price movements will revert.
Auto-correlation
0.31
Below average predictability
MAGHREB OXYGENE has below average predictability. Overlapping area represents the amount of predictability between MAGHREB OXYGENE time series from 6th of August 2024 to 5th of October 2024 and 5th of October 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 MAGHREB OXYGENE price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current MAGHREB OXYGENE price fluctuation can be explain by its past prices.
Correlation Coefficient
0.31
Spearman Rank Test
0.56
Residual Average
0.0
Price Variance
119.11
MAGHREB OXYGENE lagged returns against current returns
Autocorrelation, which is MAGHREB OXYGENE 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 MAGHREB OXYGENE's stock expected returns. We can calculate the autocorrelation of MAGHREB OXYGENE returns to help us make a trade decision. For example, suppose you find that MAGHREB OXYGENE 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
MAGHREB OXYGENE 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 MAGHREB OXYGENE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAGHREB OXYGENE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAGHREB OXYGENE stock over time.
Current vs Lagged Prices
Timeline
MAGHREB OXYGENE Lagged Returns
When evaluating MAGHREB OXYGENE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAGHREB OXYGENE stock have on its future price. MAGHREB OXYGENE 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, MAGHREB OXYGENE autocorrelation shows the relationship between MAGHREB OXYGENE stock current value and its past values and can show if there is a momentum factor associated with investing in MAGHREB OXYGENE.
Regressed Prices
Timeline
Also Currently Popular
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.