MIRC Electronics (India) Market Value
| MIRCELECTR | 24.78 0.19 0.76% |
| Symbol | MIRC |
MIRC 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 MIRC 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 MIRC Electronics.
| 01/17/2023 |
| 01/06/2025 |
If you would invest 0.00 in MIRC Electronics on January 17, 2023 and sell it all today you would earn a total of 0.00 from holding MIRC Electronics Limited or generate 0.0% return on investment in MIRC Electronics over 720 days. MIRC Electronics is related to or competes with Kingfa Science, Agro Phos, Rico Auto, GACM Technologies, Exide Industries, COSMO FIRST, and Delta Manufacturing. MIRC Electronics is entity of India. It is traded as Stock on NSE exchange. More
MIRC 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 MIRC 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 MIRC Electronics Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0162 | |||
| Maximum Drawdown | 16.23 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 4.72 |
MIRC Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MIRC Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MIRC Electronics' standard deviation. In reality, there are many statistical measures that can use MIRC Electronics historical prices to predict the future MIRC Electronics' volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0589 | |||
| Total Risk Alpha | 0.0151 | |||
| Sortino Ratio | 0.0178 | |||
| Treynor Ratio | 0.9945 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MIRC Electronics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MIRC Electronics Backtested Returns
MIRC Electronics appears to be not too volatile, given 3 months investment horizon. MIRC Electronics has Sharpe Ratio of 0.0763, which conveys that the firm had a 0.0763% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for MIRC Electronics, which you can use to evaluate the volatility of the firm. Please exercise MIRC Electronics' risk adjusted performance of 0.0265, and Mean Deviation of 2.28 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MIRC Electronics holds a performance score of 6. The company secures a Beta (Market Risk) of 0.06, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MIRC Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding MIRC Electronics is expected to be smaller as well. Please check MIRC Electronics' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether MIRC Electronics' current price movements will revert.
Auto-correlation | 0.27 |
Poor predictability
MIRC Electronics Limited has poor predictability. Overlapping area represents the amount of predictability between MIRC Electronics time series from 17th of January 2023 to 12th of January 2024 and 12th of January 2024 to 6th 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 MIRC Electronics price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current MIRC Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 8.6 |
MIRC Electronics lagged returns against current returns
Autocorrelation, which is MIRC 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 MIRC Electronics' stock expected returns. We can calculate the autocorrelation of MIRC Electronics returns to help us make a trade decision. For example, suppose you find that MIRC 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 |
MIRC 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 MIRC Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MIRC Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MIRC Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
MIRC Electronics Lagged Returns
When evaluating MIRC Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MIRC Electronics stock have on its future price. MIRC 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, MIRC Electronics autocorrelation shows the relationship between MIRC Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in MIRC Electronics Limited.
Regressed Prices |
| Timeline |
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| BNB | Binance Coin |
Other Information on Investing in MIRC Stock
MIRC Electronics financial ratios help investors to determine whether MIRC 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 MIRC with respect to the benefits of owning MIRC Electronics security.