Macmahon Holdings Limited Stock Market Value
| MCHHF Stock | USD 0.25 0.00 0.00% |
| Symbol | Macmahon |
Macmahon Holdings '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 Macmahon Holdings' pink sheet 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 Macmahon Holdings.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Macmahon Holdings on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Macmahon Holdings Limited or generate 0.0% return on investment in Macmahon Holdings over 360 days. Macmahon Holdings is related to or competes with Newpark Resources, Southwest Airlines, American Airlines, Volaris, JetBlue Airways, Highway Holdings, and Ryanair Holdings. Macmahon Holdings Limited provides mining and civil construction services to mining companies in Australia, Indinesia, M... More
Macmahon Holdings 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 Macmahon Holdings' pink sheet 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 Macmahon Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 31.58 | |||
| Potential Upside | 4.55 |
Macmahon Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Macmahon Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Macmahon Holdings' standard deviation. In reality, there are many statistical measures that can use Macmahon Holdings historical prices to predict the future Macmahon Holdings' volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | 0.1897 | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.3541 |
Macmahon Holdings Backtested Returns
Macmahon Holdings appears to be out of control, given 3 months investment horizon. Macmahon Holdings has Sharpe Ratio of 0.0493, which conveys that the firm had a 0.0493% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Macmahon Holdings, which you can use to evaluate the volatility of the firm. Please exercise Macmahon Holdings' Standard Deviation of 4.92, mean deviation of 1.39, and Risk Adjusted Performance of 0.0561 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Macmahon Holdings holds a performance score of 3. 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, Macmahon Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Macmahon Holdings is expected to be smaller as well. Please check Macmahon Holdings' variance and the relationship between the maximum drawdown and day typical price , to make a quick decision on whether Macmahon Holdings' current price movements will revert.
Auto-correlation | 0.58 |
Modest predictability
Macmahon Holdings Limited has modest predictability. Overlapping area represents the amount of predictability between Macmahon Holdings time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Macmahon Holdings price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Macmahon Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Macmahon Holdings lagged returns against current returns
Autocorrelation, which is Macmahon Holdings pink sheet'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 Macmahon Holdings' pink sheet expected returns. We can calculate the autocorrelation of Macmahon Holdings returns to help us make a trade decision. For example, suppose you find that Macmahon Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Macmahon Holdings 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 Macmahon Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Macmahon Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Macmahon Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Macmahon Holdings Lagged Returns
When evaluating Macmahon Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Macmahon Holdings pink sheet have on its future price. Macmahon Holdings 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, Macmahon Holdings autocorrelation shows the relationship between Macmahon Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Macmahon Holdings Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Macmahon Pink Sheet
Macmahon Holdings financial ratios help investors to determine whether Macmahon Pink Sheet 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 Macmahon with respect to the benefits of owning Macmahon Holdings security.