Mitsui Chemicals Adr Stock Market Value
| MITUY Stock | USD 10.30 1.28 14.19% |
| Symbol | Mitsui |
Mitsui Chemicals '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 Mitsui Chemicals' pink sheet 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 Mitsui Chemicals.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Mitsui Chemicals on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mitsui Chemicals ADR or generate 0.0% return on investment in Mitsui Chemicals over 30 days. Mitsui Chemicals is related to or competes with Chemours, International Flavors, Air Products, PPG Industries, Linde Plc, Albemarle Corp, and Dupont De. Mitsui Chemicals, Inc. engages in the mobility, health care, food and packaging, basic materials, and other businesses More
Mitsui Chemicals 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 Mitsui Chemicals' pink sheet 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 Mitsui Chemicals ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 26.17 | |||
| Value At Risk | (7.84) | |||
| Potential Upside | 6.97 |
Mitsui Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsui Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsui Chemicals' standard deviation. In reality, there are many statistical measures that can use Mitsui Chemicals historical prices to predict the future Mitsui Chemicals' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 0.3771 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitsui Chemicals' 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.
Mitsui Chemicals ADR Backtested Returns
Mitsui Chemicals ADR has Sharpe Ratio of -0.0762, which conveys that the firm had a -0.0762% return per unit of risk over the last 3 months. Mitsui Chemicals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitsui Chemicals' Mean Deviation of 2.21, risk adjusted performance of (0.05), and Standard Deviation of 4.38 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.88, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Mitsui Chemicals are expected to decrease slowly. On the other hand, during market turmoil, Mitsui Chemicals is expected to outperform it slightly. At this point, Mitsui Chemicals ADR has a negative expected return of -0.34%. Please make sure to verify Mitsui Chemicals' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Mitsui Chemicals ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Mitsui Chemicals ADR has weak reverse predictability. Overlapping area represents the amount of predictability between Mitsui Chemicals time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Mitsui Chemicals ADR price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Mitsui Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Mitsui Chemicals ADR lagged returns against current returns
Autocorrelation, which is Mitsui Chemicals pink sheet'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 Mitsui Chemicals' pink sheet expected returns. We can calculate the autocorrelation of Mitsui Chemicals returns to help us make a trade decision. For example, suppose you find that Mitsui Chemicals has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Mitsui Chemicals 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 Mitsui Chemicals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsui Chemicals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsui Chemicals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mitsui Chemicals Lagged Returns
When evaluating Mitsui Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsui Chemicals pink sheet have on its future price. Mitsui Chemicals 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, Mitsui Chemicals autocorrelation shows the relationship between Mitsui Chemicals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mitsui Chemicals ADR.
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.Additional Tools for Mitsui Pink Sheet Analysis
When running Mitsui Chemicals' price analysis, check to measure Mitsui Chemicals' 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 Mitsui Chemicals is operating at the current time. Most of Mitsui Chemicals' value examination focuses on studying past and present price action to predict the probability of Mitsui Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitsui Chemicals' price. Additionally, you may evaluate how the addition of Mitsui Chemicals to your portfolios can decrease your overall portfolio volatility.