MLP Group (Poland) Market Value
| MLG Stock | 78.00 8.00 11.43% |
| Symbol | MLP |
MLP Group '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 MLP Group'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 MLP Group.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in MLP Group on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding MLP Group SA or generate 0.0% return on investment in MLP Group over 30 days. MLP Group is related to or competes with Carlson Investments, Tower Investments, ING Bank, Skyline Investment, GreenX Metals, Pyramid Games, and UniCredit SpA. More
MLP Group 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 MLP Group'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 MLP Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.44 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 2.68 |
MLP Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MLP Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MLP Group's standard deviation. In reality, there are many statistical measures that can use MLP Group historical prices to predict the future MLP Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.7499 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MLP Group'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.
MLP Group SA Backtested Returns
MLP Group SA has Sharpe Ratio of -0.0246, which conveys that the firm had a -0.0246% return per unit of volatility over the last 3 months. MLP Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MLP Group's risk adjusted performance of (0.02), and Mean Deviation of 1.56 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MLP Group are expected to decrease at a much lower rate. During the bear market, MLP Group is likely to outperform the market. At this point, MLP Group SA has a negative expected return of -0.0598%. Please make sure to verify MLP Group's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if MLP Group SA performance from the past will be repeated at future time.
Auto-correlation | -0.23 |
Weak reverse predictability
MLP Group SA has weak reverse predictability. Overlapping area represents the amount of predictability between MLP Group time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 MLP Group SA price movement. The serial correlation of -0.23 indicates that over 23.0% of current MLP Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 4.42 |
MLP Group SA lagged returns against current returns
Autocorrelation, which is MLP Group 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 MLP Group's stock expected returns. We can calculate the autocorrelation of MLP Group returns to help us make a trade decision. For example, suppose you find that MLP Group 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 |
MLP Group 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 MLP Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MLP Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MLP Group stock over time.
Current vs Lagged Prices |
| Timeline |
MLP Group Lagged Returns
When evaluating MLP Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MLP Group stock have on its future price. MLP Group 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, MLP Group autocorrelation shows the relationship between MLP Group stock current value and its past values and can show if there is a momentum factor associated with investing in MLP Group SA.
Regressed Prices |
| Timeline |
Pair Trading with MLP Group
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 MLP Group 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 MLP Group will appreciate offsetting losses from the drop in the long position's value.Moving against MLP Stock
The ability to find closely correlated positions to MLP Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MLP Group 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 MLP Group - 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 MLP Group SA to buy it.
The correlation of MLP Group 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 MLP Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MLP Group SA 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 MLP Group 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 MLP Stock Analysis
When running MLP Group's price analysis, check to measure MLP Group'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 MLP Group is operating at the current time. Most of MLP Group's value examination focuses on studying past and present price action to predict the probability of MLP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MLP Group's price. Additionally, you may evaluate how the addition of MLP Group to your portfolios can decrease your overall portfolio volatility.