Mitsubishi (Germany) Market Value
| MBI Stock | EUR 15.05 0.08 0.53% |
| Symbol | Mitsubishi |
Mitsubishi '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 Mitsubishi'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 Mitsubishi.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Mitsubishi on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Mitsubishi or generate 0.0% return on investment in Mitsubishi over 720 days. Mitsubishi is related to or competes with Honeywell International, Hitachi, ITOCHU, CITIC, CITIC, and CK HUTCHISON. Mitsubishi Corporation operates in industrial finance, energy, metals, machinery, chemicals, and daily living essentials... More
Mitsubishi 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 Mitsubishi'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 Mitsubishi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.47 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.23 |
Mitsubishi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsubishi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsubishi's standard deviation. In reality, there are many statistical measures that can use Mitsubishi historical prices to predict the future Mitsubishi's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 1.12 |
Mitsubishi Backtested Returns
Mitsubishi 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. Mitsubishi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitsubishi's Risk Adjusted Performance of (0.1), standard deviation of 1.93, and Mean Deviation of 1.4 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mitsubishi are expected to decrease at a much lower rate. During the bear market, Mitsubishi is likely to outperform the market. At this point, Mitsubishi has a negative expected return of -0.26%. Please make sure to verify Mitsubishi's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Mitsubishi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Mitsubishi has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mitsubishi time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Mitsubishi price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Mitsubishi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3.79 |
Mitsubishi lagged returns against current returns
Autocorrelation, which is Mitsubishi 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 Mitsubishi's stock expected returns. We can calculate the autocorrelation of Mitsubishi returns to help us make a trade decision. For example, suppose you find that Mitsubishi 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 |
Mitsubishi 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 Mitsubishi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsubishi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsubishi stock over time.
Current vs Lagged Prices |
| Timeline |
Mitsubishi Lagged Returns
When evaluating Mitsubishi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsubishi stock have on its future price. Mitsubishi 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, Mitsubishi autocorrelation shows the relationship between Mitsubishi stock current value and its past values and can show if there is a momentum factor associated with investing in Mitsubishi.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mitsubishi Stock
Mitsubishi financial ratios help investors to determine whether Mitsubishi 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 Mitsubishi with respect to the benefits of owning Mitsubishi security.