Mirgor SA (Argentina) Market Value
| MIRG Stock | ARS 27,050 325.00 1.19% |
| Symbol | Mirgor |
Mirgor SA '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 Mirgor SA'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 Mirgor SA.
| 12/26/2024 |
| 01/25/2025 |
If you would invest 0.00 in Mirgor SA on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mirgor SA or generate 0.0% return on investment in Mirgor SA over 30 days. Mirgor SA is related to or competes with Agrometal SAI, Harmony Gold, Transportadora, United States, and Compania. Mirgor Sociedad Annima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria engages in the automotive, home e... More
Mirgor SA 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 Mirgor SA'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 Mirgor SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.1765 | |||
| Maximum Drawdown | 9.64 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.42 |
Mirgor SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirgor SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirgor SA's standard deviation. In reality, there are many statistical measures that can use Mirgor SA historical prices to predict the future Mirgor SA's volatility.| Risk Adjusted Performance | 0.1844 | |||
| Jensen Alpha | 0.3045 | |||
| Total Risk Alpha | 0.2318 | |||
| Sortino Ratio | 0.1679 | |||
| Treynor Ratio | 1.63 |
Mirgor SA Backtested Returns
Mirgor SA appears to be very steady, given 3 months investment horizon. Mirgor SA has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mirgor SA, which you can use to evaluate the volatility of the firm. Please exercise Mirgor SA's Downside Deviation of 1.6, risk adjusted performance of 0.1844, and Mean Deviation of 1.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mirgor SA holds a performance score of 16. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mirgor SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirgor SA is expected to be smaller as well. Please check Mirgor SA's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Mirgor SA's current price movements will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Mirgor SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Mirgor SA time series from 26th of December 2024 to 10th of January 2025 and 10th of January 2025 to 25th 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 Mirgor SA price movement. The serial correlation of -0.01 indicates that just 1.0% of current Mirgor SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 141.7 K |
Mirgor SA lagged returns against current returns
Autocorrelation, which is Mirgor SA 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 Mirgor SA's stock expected returns. We can calculate the autocorrelation of Mirgor SA returns to help us make a trade decision. For example, suppose you find that Mirgor SA 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 |
Mirgor SA 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 Mirgor SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirgor SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirgor SA stock over time.
Current vs Lagged Prices |
| Timeline |
Mirgor SA Lagged Returns
When evaluating Mirgor SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirgor SA stock have on its future price. Mirgor SA 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, Mirgor SA autocorrelation shows the relationship between Mirgor SA stock current value and its past values and can show if there is a momentum factor associated with investing in Mirgor SA.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Mirgor Stock
Mirgor SA financial ratios help investors to determine whether Mirgor 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 Mirgor with respect to the benefits of owning Mirgor SA security.