Medallion Bank Pr Preferred Stock Market Value
| MBNKP Preferred Stock | USD 25.39 0.06 0.24% |
| Symbol | Medallion |
Medallion Bank '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 Medallion Bank's preferred 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 Medallion Bank.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Medallion Bank on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Medallion Bank PR or generate 0.0% return on investment in Medallion Bank over 720 days. Medallion Bank is related to or competes with Merchants Bancorp, Medalist Diversified, Northern Trust, and First Citizens. Medallion Bank operates as an industrial bank in the United States More
Medallion Bank 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 Medallion Bank's preferred 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 Medallion Bank PR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9988 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.46 |
Medallion Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medallion Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medallion Bank's standard deviation. In reality, there are many statistical measures that can use Medallion Bank historical prices to predict the future Medallion Bank's volatility.| Risk Adjusted Performance | 0.0481 | |||
| Jensen Alpha | 0.0642 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.28) |
Medallion Bank PR Backtested Returns
Currently, Medallion Bank PR is very steady. Medallion Bank PR has Sharpe Ratio of 0.0708, which conveys that the firm had a 0.0708% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Medallion Bank, which you can use to evaluate the volatility of the firm. Please verify Medallion Bank's Downside Deviation of 0.9988, risk adjusted performance of 0.0481, and Mean Deviation of 0.6054 to check out if the risk estimate we provide is consistent with the expected return of 0.063%. Medallion Bank has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Medallion Bank are expected to decrease at a much lower rate. During the bear market, Medallion Bank is likely to outperform the market. Medallion Bank PR right now secures a risk of 0.89%. Please verify Medallion Bank PR value at risk, and the relationship between the jensen alpha and skewness , to decide if Medallion Bank PR will be following its current price movements.
Auto-correlation | -0.02 |
Very weak reverse predictability
Medallion Bank PR has very weak reverse predictability. Overlapping area represents the amount of predictability between Medallion Bank time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Medallion Bank PR price movement. The serial correlation of -0.02 indicates that only 2.0% of current Medallion Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
Medallion Bank PR lagged returns against current returns
Autocorrelation, which is Medallion Bank preferred 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 Medallion Bank's preferred stock expected returns. We can calculate the autocorrelation of Medallion Bank returns to help us make a trade decision. For example, suppose you find that Medallion Bank has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Medallion Bank 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 Medallion Bank preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medallion Bank preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medallion Bank preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Medallion Bank Lagged Returns
When evaluating Medallion Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medallion Bank preferred stock have on its future price. Medallion Bank 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, Medallion Bank autocorrelation shows the relationship between Medallion Bank preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Medallion Bank PR.
Regressed Prices |
| Timeline |
Pair Trading with Medallion Bank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Medallion Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Medallion Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Medallion Preferred Stock
Moving against Medallion Preferred Stock
| 0.77 | WU | Western Union | PairCorr |
| 0.65 | MCVT | Mill City Ventures | PairCorr |
| 0.49 | RM | Regional Management Corp Normal Trading | PairCorr |
| 0.47 | PT | Pintec Technology | PairCorr |
| 0.47 | GDOT | Green Dot | PairCorr |
The ability to find closely correlated positions to Medallion Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medallion Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Medallion Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Medallion Bank PR to buy it.
The correlation of Medallion Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Medallion Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medallion Bank PR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Medallion Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Medallion Preferred Stock Analysis
When running Medallion Bank's price analysis, check to measure Medallion Bank'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 Medallion Bank is operating at the current time. Most of Medallion Bank's value examination focuses on studying past and present price action to predict the probability of Medallion Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medallion Bank's price. Additionally, you may evaluate how the addition of Medallion Bank to your portfolios can decrease your overall portfolio volatility.