MG Credit (UK) Market Value
| MGCI Stock | 96.40 0.20 0.21% |
| Symbol | MGCI |
MG Credit '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 MG Credit'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 MG Credit.
| 07/24/2024 |
| 01/20/2025 |
If you would invest 0.00 in MG Credit on July 24, 2024 and sell it all today you would earn a total of 0.00 from holding MG Credit Income or generate 0.0% return on investment in MG Credit over 180 days. MG Credit is related to or competes with Samsung Electronics, Samsung Electronics, Toyota, State Bank, SoftBank Group, Reliance Industries, and Halyk Bank. MG Credit is entity of United Kingdom. It is traded as Stock on LSE exchange. More
MG Credit 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 MG Credit'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 MG Credit Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0168 | |||
| Maximum Drawdown | 6.99 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.3 |
MG Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MG Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MG Credit's standard deviation. In reality, there are many statistical measures that can use MG Credit historical prices to predict the future MG Credit's volatility.| Risk Adjusted Performance | 0.0373 | |||
| Jensen Alpha | 0.037 | |||
| Total Risk Alpha | 0.0113 | |||
| Sortino Ratio | 0.0182 | |||
| Treynor Ratio | 0.2179 |
MG Credit Income Backtested Returns
Currently, MG Credit Income is very steady. MG Credit Income retains Efficiency (Sharpe Ratio) of 0.0358, which conveys that the firm had a 0.0358 % return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for MG Credit, which you can use to evaluate the volatility of the firm. Please verify MG Credit's Market Risk Adjusted Performance of 0.2279, mean deviation of 0.8801, and Standard Deviation of 1.25 to check out if the risk estimate we provide is consistent with the expected return of 0.0427%. MG Credit has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MG Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding MG Credit is expected to be smaller as well. MG Credit Income today owns a risk of 1.19%. Please verify MG Credit Income mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if MG Credit Income will be following its current price history.
Auto-correlation | 0.12 |
Insignificant predictability
MG Credit Income has insignificant predictability. Overlapping area represents the amount of predictability between MG Credit time series from 24th of July 2024 to 22nd of October 2024 and 22nd of October 2024 to 20th 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 MG Credit Income price movement. The serial correlation of 0.12 indicates that less than 12.0% of current MG Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
MG Credit Income lagged returns against current returns
Autocorrelation, which is MG Credit 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 MG Credit's stock expected returns. We can calculate the autocorrelation of MG Credit returns to help us make a trade decision. For example, suppose you find that MG Credit 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 |
MG Credit 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 MG Credit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MG Credit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MG Credit stock over time.
Current vs Lagged Prices |
| Timeline |
MG Credit Lagged Returns
When evaluating MG Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MG Credit stock have on its future price. MG Credit 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, MG Credit autocorrelation shows the relationship between MG Credit stock current value and its past values and can show if there is a momentum factor associated with investing in MG Credit Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for MGCI Stock Analysis
When running MG Credit's price analysis, check to measure MG Credit'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 MG Credit is operating at the current time. Most of MG Credit's value examination focuses on studying past and present price action to predict the probability of MG Credit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MG Credit's price. Additionally, you may evaluate how the addition of MG Credit to your portfolios can decrease your overall portfolio volatility.