SP Global (Germany) Market Value
| MHL Stock | EUR 464.95 5.40 1.15% |
| Symbol | MHL |
SP Global '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 SP Global'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 SP Global.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in SP Global on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding SP Global or generate 0.0% return on investment in SP Global over 30 days. SP Global is related to or competes with Morgan Stanley, Morgan Stanley, Charles Schwab, Goldman Sachs, Goldman Sachs, Moodys, and Macquarie Group. SP Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and com... More
SP Global 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 SP Global'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 SP Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 2.43 |
SP Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SP Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Global's standard deviation. In reality, there are many statistical measures that can use SP Global historical prices to predict the future SP Global's volatility.| Risk Adjusted Performance | 0.0069 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.01) |
SP Global Backtested Returns
SP Global retains Efficiency (Sharpe Ratio) of -0.0061, which indicates the firm had a -0.0061% return per unit of price deviation over the last 3 months. SP Global exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SP Global's Downside Deviation of 1.23, risk adjusted performance of 0.0069, and Mean Deviation of 0.9895 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SP Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding SP Global is expected to be smaller as well. At this point, SP Global has a negative expected return of -0.0079%. Please make sure to validate SP Global's jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if SP Global performance from the past will be repeated at some future date.
Auto-correlation | 0.56 |
Modest predictability
SP Global has modest predictability. Overlapping area represents the amount of predictability between SP Global time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 SP Global price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current SP Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 93.66 |
SP Global lagged returns against current returns
Autocorrelation, which is SP Global 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 SP Global's stock expected returns. We can calculate the autocorrelation of SP Global returns to help us make a trade decision. For example, suppose you find that SP Global 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 |
SP Global 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 SP Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Global stock over time.
Current vs Lagged Prices |
| Timeline |
SP Global Lagged Returns
When evaluating SP Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP Global stock have on its future price. SP Global 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, SP Global autocorrelation shows the relationship between SP Global stock current value and its past values and can show if there is a momentum factor associated with investing in SP Global.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in MHL Stock
When determining whether SP Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SP Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sp Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sp Global Stock:Check out SP Global Correlation, SP Global Volatility and SP Global Alpha and Beta module to complement your research on SP Global. For more detail on how to invest in MHL Stock please use our How to Invest in SP Global guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
SP Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.