Microchip Technology (Germany) Market Value
| MCP Stock | EUR 56.76 0.71 1.27% |
| Symbol | Microchip |
Microchip Technology '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 Microchip Technology'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 Microchip Technology.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Microchip Technology on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding Microchip Technology Incorporated or generate 0.0% return on investment in Microchip Technology over 150 days. Microchip Technology is related to or competes with COPLAND ROAD, SIMS METAL, Kaiser Aluminum, KAUFMAN ET, and Gaztransport Technigaz. Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control ... More
Microchip Technology 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 Microchip Technology'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 Microchip Technology Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.05 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 3.43 |
Microchip Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Microchip Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Microchip Technology's standard deviation. In reality, there are many statistical measures that can use Microchip Technology historical prices to predict the future Microchip Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 12.49 |
Microchip Technology Backtested Returns
Microchip Technology has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Microchip Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Microchip Technology's Mean Deviation of 1.91, risk adjusted performance of (0.07), and Standard Deviation of 2.53 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0209, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Microchip Technology are expected to decrease at a much lower rate. During the bear market, Microchip Technology is likely to outperform the market. At this point, Microchip Technology has a negative expected return of -0.26%. Please make sure to verify Microchip Technology's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Microchip Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Microchip Technology Incorporated has below average predictability. Overlapping area represents the amount of predictability between Microchip Technology time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th 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 Microchip Technology price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Microchip Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 24.78 |
Microchip Technology lagged returns against current returns
Autocorrelation, which is Microchip Technology 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 Microchip Technology's stock expected returns. We can calculate the autocorrelation of Microchip Technology returns to help us make a trade decision. For example, suppose you find that Microchip Technology 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 |
Microchip Technology 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 Microchip Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Microchip Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Microchip Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Microchip Technology Lagged Returns
When evaluating Microchip Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Microchip Technology stock have on its future price. Microchip Technology 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, Microchip Technology autocorrelation shows the relationship between Microchip Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Microchip Technology Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Microchip Stock
Microchip Technology financial ratios help investors to determine whether Microchip 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 Microchip with respect to the benefits of owning Microchip Technology security.