Meiko Electronics (Germany) Market Value
| MEC Stock | EUR 55.50 1.00 1.83% |
| Symbol | Meiko |
Meiko Electronics '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 Meiko Electronics' 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 Meiko Electronics.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Meiko Electronics on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Meiko Electronics Co or generate 0.0% return on investment in Meiko Electronics over 30 days. Meiko Electronics is related to or competes with Plexus Corp, Benchmark Electronics, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. Meiko Electronics Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards and auxiliary electro... More
Meiko Electronics 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 Meiko Electronics' 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 Meiko Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.1714 | |||
| Maximum Drawdown | 16.96 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 9.21 |
Meiko Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meiko Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meiko Electronics' standard deviation. In reality, there are many statistical measures that can use Meiko Electronics historical prices to predict the future Meiko Electronics' volatility.| Risk Adjusted Performance | 0.1642 | |||
| Jensen Alpha | 0.6816 | |||
| Total Risk Alpha | 0.1963 | |||
| Sortino Ratio | 0.2044 | |||
| Treynor Ratio | 0.9133 |
Meiko Electronics Backtested Returns
Meiko Electronics appears to be very steady, given 3 months investment horizon. Meiko Electronics has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Meiko Electronics' technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please exercise Meiko Electronics' Downside Deviation of 3.25, risk adjusted performance of 0.1642, and Mean Deviation of 2.69 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meiko Electronics holds a performance score of 12. The company secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. Meiko Electronics returns are very sensitive to returns on the market. As the market goes up or down, Meiko Electronics is expected to follow. Please check Meiko Electronics' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Meiko Electronics' current price movements will revert.
Auto-correlation | 0.73 |
Good predictability
Meiko Electronics Co has good predictability. Overlapping area represents the amount of predictability between Meiko Electronics time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Meiko Electronics price movement. The serial correlation of 0.73 indicates that around 73.0% of current Meiko Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 4.03 |
Meiko Electronics lagged returns against current returns
Autocorrelation, which is Meiko Electronics 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 Meiko Electronics' stock expected returns. We can calculate the autocorrelation of Meiko Electronics returns to help us make a trade decision. For example, suppose you find that Meiko Electronics 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 |
Meiko Electronics 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 Meiko Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meiko Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meiko Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Meiko Electronics Lagged Returns
When evaluating Meiko Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meiko Electronics stock have on its future price. Meiko Electronics 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, Meiko Electronics autocorrelation shows the relationship between Meiko Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Meiko Electronics Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Meiko Stock
Meiko Electronics financial ratios help investors to determine whether Meiko 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 Meiko with respect to the benefits of owning Meiko Electronics security.