Mda Stock Market Value
| MDA Stock | CAD 28.50 0.11 0.39% |
| Symbol | MDA |
MDA Price To Book Ratio
MDA '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 MDA'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 MDA.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in MDA on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding MDA or generate 0.0% return on investment in MDA over 30 days. MDA is related to or competes with Martinrea International, Stantec, Magellan Aerospace, Linamar, and CAE. MacDonald, Dettwiler and Associates Ltd., a communications and information company, offer operational solutions to commercial and government organizations worldwide. More
MDA 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 MDA'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 MDA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | 0.3644 | |||
| Maximum Drawdown | 14.24 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 4.96 |
MDA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MDA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MDA's standard deviation. In reality, there are many statistical measures that can use MDA historical prices to predict the future MDA's volatility.| Risk Adjusted Performance | 0.3026 | |||
| Jensen Alpha | 0.9189 | |||
| Total Risk Alpha | 0.6428 | |||
| Sortino Ratio | 0.5192 | |||
| Treynor Ratio | 8.39 |
MDA Backtested Returns
MDA appears to be very steady, given 3 months investment horizon. MDA retains Efficiency (Sharpe Ratio) of 0.38, which conveys that the firm had a 0.38% return per unit of return volatility over the last 3 months. By inspecting MDA's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please exercise MDA's Mean Deviation of 1.67, market risk adjusted performance of 8.4, and Downside Deviation of 1.62 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MDA holds a performance score of 30. The company owns a Beta (Systematic Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MDA's returns are expected to increase less than the market. However, during the bear market, the loss of holding MDA is expected to be smaller as well. Please check MDA's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether MDA's current price history will revert.
Auto-correlation | 0.71 |
Good predictability
MDA has good predictability. Overlapping area represents the amount of predictability between MDA time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 MDA price movement. The serial correlation of 0.71 indicates that around 71.0% of current MDA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
MDA lagged returns against current returns
Autocorrelation, which is MDA 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 MDA's stock expected returns. We can calculate the autocorrelation of MDA returns to help us make a trade decision. For example, suppose you find that MDA 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 |
MDA 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 MDA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MDA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MDA stock over time.
Current vs Lagged Prices |
| Timeline |
MDA Lagged Returns
When evaluating MDA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MDA stock have on its future price. MDA 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, MDA autocorrelation shows the relationship between MDA stock current value and its past values and can show if there is a momentum factor associated with investing in MDA.
Regressed Prices |
| Timeline |
Pair Trading with MDA
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 MDA 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 MDA will appreciate offsetting losses from the drop in the long position's value.Moving against MDA Stock
| 0.48 | KDA | KDA Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to MDA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MDA 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 MDA - 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 MDA to buy it.
The correlation of MDA 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 MDA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDA 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 MDA 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.Other Information on Investing in MDA Stock
MDA financial ratios help investors to determine whether MDA 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 MDA with respect to the benefits of owning MDA security.