Mercury NZ (Australia) Market Value
| MCY Stock | 5.19 0.30 5.46% |
| Symbol | Mercury |
Mercury NZ '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 Mercury NZ'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 Mercury NZ.
| 02/10/2024 |
| 01/05/2025 |
If you would invest 0.00 in Mercury NZ on February 10, 2024 and sell it all today you would earn a total of 0.00 from holding Mercury NZ or generate 0.0% return on investment in Mercury NZ over 330 days. Mercury NZ is related to or competes with Australian Unity, Auctus Alternative, Garda Diversified, Homeco Daily, and Rand Mining. Mercury NZ is entity of Australia. It is traded as Stock on AU exchange. More
Mercury NZ 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 Mercury NZ'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 Mercury NZ upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.94 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 5.23 |
Mercury NZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercury NZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercury NZ's standard deviation. In reality, there are many statistical measures that can use Mercury NZ historical prices to predict the future Mercury NZ's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 10.29 |
Mercury NZ Backtested Returns
Mercury NZ has Sharpe Ratio of -0.0496, which conveys that the firm had a -0.0496% return per unit of risk over the last 3 months. Mercury NZ exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercury NZ's Mean Deviation of 2.61, risk adjusted performance of (0.01), and Standard Deviation of 3.34 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0092, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mercury NZ are expected to decrease at a much lower rate. During the bear market, Mercury NZ is likely to outperform the market. At this point, Mercury NZ has a negative expected return of -0.17%. Please make sure to verify Mercury NZ's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Mercury NZ performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Mercury NZ has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mercury NZ time series from 10th of February 2024 to 24th of July 2024 and 24th of July 2024 to 5th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mercury NZ price movement. The serial correlation of -0.18 indicates that over 18.0% of current Mercury NZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Mercury NZ lagged returns against current returns
Autocorrelation, which is Mercury NZ 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 Mercury NZ's stock expected returns. We can calculate the autocorrelation of Mercury NZ returns to help us make a trade decision. For example, suppose you find that Mercury NZ 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 |
Mercury NZ 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 Mercury NZ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercury NZ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercury NZ stock over time.
Current vs Lagged Prices |
| Timeline |
Mercury NZ Lagged Returns
When evaluating Mercury NZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercury NZ stock have on its future price. Mercury NZ 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, Mercury NZ autocorrelation shows the relationship between Mercury NZ stock current value and its past values and can show if there is a momentum factor associated with investing in Mercury NZ.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mercury Stock Analysis
When running Mercury NZ's price analysis, check to measure Mercury NZ'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 Mercury NZ is operating at the current time. Most of Mercury NZ's value examination focuses on studying past and present price action to predict the probability of Mercury NZ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercury NZ's price. Additionally, you may evaluate how the addition of Mercury NZ to your portfolios can decrease your overall portfolio volatility.