MULTI CHEM (Germany) Market Value
| MQR1 Stock | EUR 1.86 0.01 0.54% |
| Symbol | MULTI |
MULTI CHEM '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 MULTI CHEM'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 MULTI CHEM.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in MULTI CHEM on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding MULTI CHEM LTD or generate 0.0% return on investment in MULTI CHEM over 180 days. MULTI CHEM is related to or competes with ScanSource, LEGAL GENERAL, SPORTING, US FOODS, Smurfit Kappa, and Apple. Multi-Chem Limited, an investment holding company, distributes hardware and software related to Internet and network pro... More
MULTI CHEM 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 MULTI CHEM'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 MULTI CHEM LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.0029 | |||
| Maximum Drawdown | 16.11 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.33 |
MULTI CHEM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MULTI CHEM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MULTI CHEM's standard deviation. In reality, there are many statistical measures that can use MULTI CHEM historical prices to predict the future MULTI CHEM's volatility.| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0026 | |||
| Treynor Ratio | 0.056 |
MULTI CHEM LTD Backtested Returns
At this point, MULTI CHEM is unstable. MULTI CHEM LTD has Sharpe Ratio of 0.0182, which conveys that the firm had a 0.0182% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MULTI CHEM, which you can use to evaluate the volatility of the firm. Please verify MULTI CHEM's mean deviation of 1.32, and Risk Adjusted Performance of 0.0206 to check out if the risk estimate we provide is consistent with the expected return of 0.0383%. MULTI CHEM has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MULTI CHEM's returns are expected to increase less than the market. However, during the bear market, the loss of holding MULTI CHEM is expected to be smaller as well. MULTI CHEM LTD currently secures a risk of 2.11%. Please verify MULTI CHEM LTD total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if MULTI CHEM LTD will be following its current price movements.
Auto-correlation | 0.18 |
Very weak predictability
MULTI CHEM LTD has very weak predictability. Overlapping area represents the amount of predictability between MULTI CHEM time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 MULTI CHEM LTD price movement. The serial correlation of 0.18 indicates that over 18.0% of current MULTI CHEM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MULTI CHEM LTD lagged returns against current returns
Autocorrelation, which is MULTI CHEM 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 MULTI CHEM's stock expected returns. We can calculate the autocorrelation of MULTI CHEM returns to help us make a trade decision. For example, suppose you find that MULTI CHEM 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 |
MULTI CHEM 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 MULTI CHEM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MULTI CHEM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MULTI CHEM stock over time.
Current vs Lagged Prices |
| Timeline |
MULTI CHEM Lagged Returns
When evaluating MULTI CHEM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MULTI CHEM stock have on its future price. MULTI CHEM 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, MULTI CHEM autocorrelation shows the relationship between MULTI CHEM stock current value and its past values and can show if there is a momentum factor associated with investing in MULTI CHEM LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MULTI Stock
MULTI CHEM financial ratios help investors to determine whether MULTI Stock 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 MULTI with respect to the benefits of owning MULTI CHEM security.