Mills Music Trust Stock Market Value
| MMTRS Stock | USD 29.99 0.31 1.02% |
| Symbol | Mills |
Mills Music '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 Mills Music'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 Mills Music.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Mills Music on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mills Music Trust or generate 0.0% return on investment in Mills Music over 90 days. Mills Music is related to or competes with DATA Communications, Aramark Holdings, Civeo Corp, ABM Industries, and Maximus. Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to musi... More
Mills Music 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 Mills Music'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 Mills Music Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.35 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 2.33 |
Mills Music Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mills Music's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mills Music's standard deviation. In reality, there are many statistical measures that can use Mills Music historical prices to predict the future Mills Music's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (1.06) |
Mills Music Trust Backtested Returns
Mills Music Trust has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19 % return per unit of risk over the last 3 months. Mills Music exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mills Music's Risk Adjusted Performance of (0.16), mean deviation of 1.1, and Standard Deviation of 1.9 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mills Music's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mills Music is expected to be smaller as well. At this point, Mills Music Trust has a negative expected return of -0.38%. Please make sure to verify Mills Music's variance, skewness, as well as the relationship between the Skewness and price action indicator , to decide if Mills Music Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Mills Music Trust has modest predictability. Overlapping area represents the amount of predictability between Mills Music time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mills Music Trust price movement. The serial correlation of 0.52 indicates that about 52.0% of current Mills Music price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
Mills Music Trust lagged returns against current returns
Autocorrelation, which is Mills Music 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 Mills Music's pink sheet expected returns. We can calculate the autocorrelation of Mills Music returns to help us make a trade decision. For example, suppose you find that Mills Music 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 |
Mills Music 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 Mills Music pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mills Music pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mills Music pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mills Music Lagged Returns
When evaluating Mills Music's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mills Music pink sheet have on its future price. Mills Music 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, Mills Music autocorrelation shows the relationship between Mills Music pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mills Music Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mills Pink Sheet Analysis
When running Mills Music's price analysis, check to measure Mills Music'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 Mills Music is operating at the current time. Most of Mills Music's value examination focuses on studying past and present price action to predict the probability of Mills Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mills Music's price. Additionally, you may evaluate how the addition of Mills Music to your portfolios can decrease your overall portfolio volatility.