Mda Stock Market Value

MDA Stock  CAD 27.93  0.69  2.53%   
MDA's market value is the price at which a share of MDA trades on a public exchange. It measures the collective expectations of MDA investors about its performance. MDA is selling at 27.93 as of the 16th of March 2025; that is 2.53 percent increase since the beginning of the trading day. The stock's open price was 27.24.
With this module, you can estimate the performance of a buy and hold strategy of MDA and determine expected loss or profit from investing in MDA over a given investment horizon. Check out MDA Correlation, MDA Volatility and MDA Alpha and Beta module to complement your research on MDA.
Symbol

Please note, there is a significant difference between MDA's value and its price as these two are different measures arrived at by different means. Investors typically determine if MDA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MDA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in MDA on December 16, 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 90 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.

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.
Hype
Prediction
LowEstimatedHigh
23.7627.9332.10
Details
Intrinsic
Valuation
LowRealHigh
18.2422.4130.72
Details
Naive
Forecast
LowNextHigh
25.1929.3633.54
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.7726.7430.71
Details

MDA Backtested Returns

As of now, MDA Stock is not too volatile. MDA retains Efficiency (Sharpe Ratio) of 0.0137, which conveys that the firm had a 0.0137 % return per unit of return volatility over the last 3 months. We have found thirty technical indicators for MDA, which you can use to evaluate the volatility of the firm. Please verify MDA's Downside Deviation of 3.66, market risk adjusted performance of (0.05), and Mean Deviation of 2.64 to check out if the risk estimate we provide is consistent with the expected return of 0.0573%. MDA has a performance score of 1 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.85, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning MDA are expected to decrease slowly. On the other hand, during market turmoil, MDA is expected to outperform it slightly. MDA at this time owns a risk of 4.17%. Please verify MDA treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if MDA will be following its current price history.

Auto-correlation

    
  -0.43  

Modest reverse predictability

MDA has modest reverse predictability. Overlapping area represents the amount of predictability between MDA time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 MDA price movement. The serial correlation of -0.43 indicates that just about 43.0% of current MDA price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test-0.08
Residual Average0.0
Price Variance3.65

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 together with MDA Stock

  0.61RCI-A Rogers CommunicationsPairCorr
  0.66CCL-A CCL IndustriesPairCorr

Moving against MDA Stock

  0.44BUI Buhler IndustriesPairCorr
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.
Pair CorrelationCorrelation Matching

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.