MIPS AB (Sweden) Market Value
| MIPS Stock | SEK 492.20 19.40 4.10% |
| Symbol | MIPS |
MIPS AB '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 MIPS AB'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 MIPS AB.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in MIPS AB on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding MIPS AB or generate 0.0% return on investment in MIPS AB over 90 days. MIPS AB is related to or competes with Thule Group, Sinch AB, Hexatronic Group, NIBE Industrier, and Evolution. MIPS AB manufactures and sells helmets in Sweden, North America, rest of Europe, Asia, and Australia More
MIPS AB 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 MIPS AB'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 MIPS AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.85 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 4.1 |
MIPS AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MIPS AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MIPS AB's standard deviation. In reality, there are many statistical measures that can use MIPS AB historical prices to predict the future MIPS AB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 1.77 |
MIPS AB Backtested Returns
MIPS AB has Sharpe Ratio of -0.0701, which conveys that the firm had a -0.0701% return per unit of volatility over the last 3 months. MIPS AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MIPS AB's mean deviation of 1.95, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MIPS AB are expected to decrease at a much lower rate. During the bear market, MIPS AB is likely to outperform the market. At this point, MIPS AB has a negative expected return of -0.18%. Please make sure to verify MIPS AB's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if MIPS AB performance from the past will be repeated at future time.
Auto-correlation | 0.58 |
Modest predictability
MIPS AB has modest predictability. Overlapping area represents the amount of predictability between MIPS AB time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 MIPS AB price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current MIPS AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1065.08 |
MIPS AB lagged returns against current returns
Autocorrelation, which is MIPS AB 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 MIPS AB's stock expected returns. We can calculate the autocorrelation of MIPS AB returns to help us make a trade decision. For example, suppose you find that MIPS AB 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 |
MIPS AB 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 MIPS AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MIPS AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MIPS AB stock over time.
Current vs Lagged Prices |
| Timeline |
MIPS AB Lagged Returns
When evaluating MIPS AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MIPS AB stock have on its future price. MIPS AB 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, MIPS AB autocorrelation shows the relationship between MIPS AB stock current value and its past values and can show if there is a momentum factor associated with investing in MIPS AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for MIPS Stock Analysis
When running MIPS AB's price analysis, check to measure MIPS AB'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 MIPS AB is operating at the current time. Most of MIPS AB's value examination focuses on studying past and present price action to predict the probability of MIPS AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MIPS AB's price. Additionally, you may evaluate how the addition of MIPS AB to your portfolios can decrease your overall portfolio volatility.