Ming Le (Germany) Market Value
| ML2 Stock | EUR 1.39 0.07 4.79% |
| Symbol | Ming |
Please note, there is a significant difference between Ming Le's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ming Le is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ming Le'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.
Ming Le '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 Ming Le'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 Ming Le.
| 06/04/2024 |
| 12/01/2024 |
Ming Le 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 Ming Le'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 Ming Le Sports upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.071 | |||
| Maximum Drawdown | 37.79 |
Ming Le Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ming Le's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ming Le's standard deviation. In reality, there are many statistical measures that can use Ming Le historical prices to predict the future Ming Le's volatility.| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | 0.5684 | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.43) |
Ming Le Sports Backtested Returns
Ming Le appears to be extremely dangerous, given 3 months investment horizon. Ming Le Sports has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Ming Le, which you can use to evaluate the volatility of the firm. Please exercise Ming Le's Risk Adjusted Performance of 0.0865, standard deviation of 4.39, and Mean Deviation of 1.32 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ming Le holds a performance score of 8. The company secures a Beta (Market Risk) of -1.01, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Ming Le are expected to decrease slowly. On the other hand, during market turmoil, Ming Le is expected to outperform it slightly. Please check Ming Le's skewness, daily balance of power, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Ming Le's current price movements will revert.
Auto-correlation | 0.27 |
Poor predictability
Ming Le Sports has poor predictability. Overlapping area represents the amount of predictability between Ming Le time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Ming Le Sports price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Ming Le price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ming Le Sports lagged returns against current returns
Autocorrelation, which is Ming Le 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 Ming Le's stock expected returns. We can calculate the autocorrelation of Ming Le returns to help us make a trade decision. For example, suppose you find that Ming Le 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 |
Ming Le 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 Ming Le stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ming Le stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ming Le stock over time.
Current vs Lagged Prices |
| Timeline |
Ming Le Lagged Returns
When evaluating Ming Le's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ming Le stock have on its future price. Ming Le 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, Ming Le autocorrelation shows the relationship between Ming Le stock current value and its past values and can show if there is a momentum factor associated with investing in Ming Le Sports.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ming Stock Analysis
When running Ming Le's price analysis, check to measure Ming Le'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 Ming Le is operating at the current time. Most of Ming Le's value examination focuses on studying past and present price action to predict the probability of Ming Le's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ming Le's price. Additionally, you may evaluate how the addition of Ming Le to your portfolios can decrease your overall portfolio volatility.