Moving Image Technologies Stock Market Value
| MITQ Stock | USD 0.65 0.02 3.17% |
| Symbol | Moving |
Moving iMage Technologies Price To Book Ratio
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Moving IMage. If investors know Moving will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Moving IMage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.17) | Revenue Per Share 1.921 | Quarterly Revenue Growth 0.1 | Return On Assets (0.08) | Return On Equity (0.21) |
The market value of Moving iMage Technologies is measured differently than its book value, which is the value of Moving that is recorded on the company's balance sheet. Investors also form their own opinion of Moving IMage's value that differs from its market value or its book value, called intrinsic value, which is Moving IMage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Moving IMage's market value can be influenced by many factors that don't directly affect Moving IMage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Moving IMage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Moving IMage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Moving IMage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Moving IMage '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 Moving IMage'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 Moving IMage.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Moving IMage on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Moving iMage Technologies or generate 0.0% return on investment in Moving IMage over 30 days. Moving IMage is related to or competes with Franklin Wireless, Comtech Telecommunicatio, Electronic Systems, BeWhere Holdings, Frequency Electronics, Mobilicom Limited, and Siyata Mobile. Moving iMage Technologies, Inc. designs, manufactures, integrates, installs, and distributes proprietary and custom desi... More
Moving IMage 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 Moving IMage'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 Moving iMage Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0057 | |||
| Maximum Drawdown | 24.33 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 5.17 |
Moving IMage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Moving IMage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moving IMage's standard deviation. In reality, there are many statistical measures that can use Moving IMage historical prices to predict the future Moving IMage's volatility.| Risk Adjusted Performance | 0.0364 | |||
| Jensen Alpha | 0.2029 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0067 | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Moving IMage's 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.
Moving iMage Technologies Backtested Returns
Moving IMage appears to be abnormally volatile, given 3 months investment horizon. Moving iMage Technologies has Sharpe Ratio of 0.0574, which conveys that the firm had a 0.0574% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Moving IMage, which you can use to evaluate the volatility of the firm. Please exercise Moving IMage's Mean Deviation of 2.99, risk adjusted performance of 0.0364, and Downside Deviation of 3.44 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Moving IMage holds a performance score of 4. The company secures a Beta (Market Risk) of -0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Moving IMage are expected to decrease at a much lower rate. During the bear market, Moving IMage is likely to outperform the market. Please check Moving IMage's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Moving IMage's current price movements will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Moving iMage Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Moving IMage time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Moving iMage Technologies price movement. The serial correlation of -0.2 indicates that over 20.0% of current Moving IMage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Moving iMage Technologies lagged returns against current returns
Autocorrelation, which is Moving IMage 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 Moving IMage's stock expected returns. We can calculate the autocorrelation of Moving IMage returns to help us make a trade decision. For example, suppose you find that Moving IMage 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 |
Moving IMage 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 Moving IMage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moving IMage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moving IMage stock over time.
Current vs Lagged Prices |
| Timeline |
Moving IMage Lagged Returns
When evaluating Moving IMage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moving IMage stock have on its future price. Moving IMage 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, Moving IMage autocorrelation shows the relationship between Moving IMage stock current value and its past values and can show if there is a momentum factor associated with investing in Moving iMage Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Moving IMage
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Moving IMage position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Moving IMage will appreciate offsetting losses from the drop in the long position's value.Moving together with Moving Stock
Moving against Moving Stock
| 0.68 | TER | Teradyne | PairCorr |
| 0.54 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.45 | DCI | Dc Infotech And | PairCorr |
| 0.43 | ARW | Arrow Electronics | PairCorr |
| 0.43 | PPERF | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to Moving IMage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moving IMage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Moving IMage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Moving iMage Technologies to buy it.
The correlation of Moving IMage is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Moving IMage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moving iMage Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Moving IMage can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Moving Stock Analysis
When running Moving IMage's price analysis, check to measure Moving IMage'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 Moving IMage is operating at the current time. Most of Moving IMage's value examination focuses on studying past and present price action to predict the probability of Moving IMage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Moving IMage's price. Additionally, you may evaluate how the addition of Moving IMage to your portfolios can decrease your overall portfolio volatility.