Mr Price (South Africa) Market Value
| MRP Stock | 29,774 1,018 3.54% |
| Symbol | MRP |
Mr Price '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 Mr Price'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 Mr Price.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Mr Price on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Mr Price Group or generate 0.0% return on investment in Mr Price over 60 days. Mr Price is related to or competes with Truworths International, Rex Trueform, Rex Trueform, Brait SE, African Media, and Aveng. More
Mr Price 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 Mr Price'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 Mr Price Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.1791 | |||
| Maximum Drawdown | 11.49 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 3.54 |
Mr Price Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mr Price's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mr Price's standard deviation. In reality, there are many statistical measures that can use Mr Price historical prices to predict the future Mr Price's volatility.| Risk Adjusted Performance | 0.1619 | |||
| Jensen Alpha | 0.3277 | |||
| Total Risk Alpha | 0.2889 | |||
| Sortino Ratio | 0.2358 | |||
| Treynor Ratio | 0.71 |
Mr Price Group Backtested Returns
Mr Price appears to be very steady, given 3 months investment horizon. Mr Price Group retains Efficiency (Sharpe Ratio) of 0.14, which conveys that the firm had a 0.14% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for Mr Price, which you can use to evaluate the volatility of the firm. Please exercise Mr Price's Market Risk Adjusted Performance of 0.72, standard deviation of 1.76, and Mean Deviation of 1.24 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mr Price holds a performance score of 10. The company owns a Beta (Systematic Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mr Price's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mr Price is expected to be smaller as well. Please check Mr Price's jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Mr Price's current price history will revert.
Auto-correlation | 0.49 |
Average predictability
Mr Price Group has average predictability. Overlapping area represents the amount of predictability between Mr Price time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 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 Mr Price Group price movement. The serial correlation of 0.49 indicates that about 49.0% of current Mr Price price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 256.5 K |
Mr Price Group lagged returns against current returns
Autocorrelation, which is Mr Price 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 Mr Price's stock expected returns. We can calculate the autocorrelation of Mr Price returns to help us make a trade decision. For example, suppose you find that Mr Price 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 |
Mr Price 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 Mr Price stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mr Price stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mr Price stock over time.
Current vs Lagged Prices |
| Timeline |
Mr Price Lagged Returns
When evaluating Mr Price's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mr Price stock have on its future price. Mr Price 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, Mr Price autocorrelation shows the relationship between Mr Price stock current value and its past values and can show if there is a momentum factor associated with investing in Mr Price Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in MRP Stock
Mr Price financial ratios help investors to determine whether MRP 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 MRP with respect to the benefits of owning Mr Price security.