Mirriad Advertising Plc Stock Market Value
| MMDDF Stock | USD 0 0.00 0.00% |
| Symbol | Mirriad |
Mirriad Advertising '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 Mirriad Advertising's 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 Mirriad Advertising.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Mirriad Advertising on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Mirriad Advertising plc or generate 0.0% return on investment in Mirriad Advertising over 30 days. Mirriad Advertising is related to or competes with Baosheng Media, MGO Global, and Steel Connect. Mirriad Advertising plc provides in-video advertising services to broadcasters, advertisers, brand owners, and their age... More
Mirriad Advertising 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 Mirriad Advertising's 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 Mirriad Advertising plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 49.21 |
Mirriad Advertising Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirriad Advertising's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirriad Advertising's standard deviation. In reality, there are many statistical measures that can use Mirriad Advertising historical prices to predict the future Mirriad Advertising's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.45) | |||
| Total Risk Alpha | (2.73) | |||
| Treynor Ratio | (3.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mirriad Advertising'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.
Mirriad Advertising plc Backtested Returns
Mirriad Advertising plc has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Mirriad Advertising exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirriad Advertising's Mean Deviation of 2.7, standard deviation of 7.96, and Risk Adjusted Performance of (0.12) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mirriad Advertising's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirriad Advertising is expected to be smaller as well. At this point, Mirriad Advertising plc has a negative expected return of -1.41%. Please make sure to verify Mirriad Advertising's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Mirriad Advertising plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Mirriad Advertising plc has no correlation between past and present. Overlapping area represents the amount of predictability between Mirriad Advertising time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Mirriad Advertising plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mirriad Advertising price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mirriad Advertising plc lagged returns against current returns
Autocorrelation, which is Mirriad Advertising 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 Mirriad Advertising's pink sheet expected returns. We can calculate the autocorrelation of Mirriad Advertising returns to help us make a trade decision. For example, suppose you find that Mirriad Advertising 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 |
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Mirriad Advertising 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 Mirriad Advertising pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirriad Advertising pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirriad Advertising pink sheet over time.
Current vs Lagged Prices |
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Mirriad Advertising Lagged Returns
When evaluating Mirriad Advertising's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirriad Advertising pink sheet have on its future price. Mirriad Advertising 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, Mirriad Advertising autocorrelation shows the relationship between Mirriad Advertising pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mirriad Advertising plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mirriad Pink Sheet
Mirriad Advertising financial ratios help investors to determine whether Mirriad Pink Sheet 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 Mirriad with respect to the benefits of owning Mirriad Advertising security.