Marvel Discovery Corp Stock Market Value
| MARV Stock | CAD 0.01 0.01 33.33% |
| Symbol | Marvel |
Marvel Discovery '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 Marvel Discovery'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 Marvel Discovery.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Marvel Discovery on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Marvel Discovery Corp or generate 0.0% return on investment in Marvel Discovery over 30 days. Marvel Discovery is related to or competes with Foraco International, and Bri Chem. Marvel Discovery Corp. engages in the exploration and development of mineral properties in Canada More
Marvel Discovery 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 Marvel Discovery'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 Marvel Discovery Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 28.7 | |||
| Information Ratio | 0.0336 | |||
| Maximum Drawdown | 91.67 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Marvel Discovery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marvel Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marvel Discovery's standard deviation. In reality, there are many statistical measures that can use Marvel Discovery historical prices to predict the future Marvel Discovery's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.5457 | |||
| Total Risk Alpha | 0.173 | |||
| Sortino Ratio | 0.0189 | |||
| Treynor Ratio | 0.6664 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Marvel Discovery's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Marvel Discovery Corp Backtested Returns
Marvel Discovery appears to be out of control, given 3 months investment horizon. Marvel Discovery Corp has Sharpe Ratio of 0.0359, which conveys that the firm had a 0.0359% return per unit of risk over the last 3 months. By analyzing Marvel Discovery's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please exercise Marvel Discovery's Mean Deviation of 7.31, risk adjusted performance of 0.0376, and Downside Deviation of 28.7 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Marvel Discovery holds a performance score of 2. The company secures a Beta (Market Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Marvel Discovery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Marvel Discovery is expected to be smaller as well. Please check Marvel Discovery's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Marvel Discovery's current price movements will revert.
Auto-correlation | 0.38 |
Below average predictability
Marvel Discovery Corp has below average predictability. Overlapping area represents the amount of predictability between Marvel Discovery time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Marvel Discovery Corp price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Marvel Discovery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Marvel Discovery Corp lagged returns against current returns
Autocorrelation, which is Marvel Discovery 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 Marvel Discovery's stock expected returns. We can calculate the autocorrelation of Marvel Discovery returns to help us make a trade decision. For example, suppose you find that Marvel Discovery 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 |
Marvel Discovery 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 Marvel Discovery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marvel Discovery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marvel Discovery stock over time.
Current vs Lagged Prices |
| Timeline |
Marvel Discovery Lagged Returns
When evaluating Marvel Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marvel Discovery stock have on its future price. Marvel Discovery 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, Marvel Discovery autocorrelation shows the relationship between Marvel Discovery stock current value and its past values and can show if there is a momentum factor associated with investing in Marvel Discovery Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Marvel Stock Analysis
When running Marvel Discovery's price analysis, check to measure Marvel Discovery'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 Marvel Discovery is operating at the current time. Most of Marvel Discovery's value examination focuses on studying past and present price action to predict the probability of Marvel Discovery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marvel Discovery's price. Additionally, you may evaluate how the addition of Marvel Discovery to your portfolios can decrease your overall portfolio volatility.