Mty Food Group Stock Market Value
| MTY Stock | CAD 47.75 0.31 0.65% |
| Symbol | MTY |
MTY Food Group Price To Book Ratio
MTY Food '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 MTY Food'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 MTY Food.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in MTY Food on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding MTY Food Group or generate 0.0% return on investment in MTY Food over 30 days. MTY Food is related to or competes with Restaurant Brands, Enghouse Systems, Metro, BRP, and Goeasy. MTY Food Group Inc. franchises and operates quick-service, fast-casual, and casual dining restaurants in Canada, the Uni... More
MTY Food 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 MTY Food'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 MTY Food Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.02 | |||
| Maximum Drawdown | 8.26 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.81 |
MTY Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTY Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MTY Food's standard deviation. In reality, there are many statistical measures that can use MTY Food historical prices to predict the future MTY Food's volatility.| Risk Adjusted Performance | 0.0907 | |||
| Jensen Alpha | 0.0834 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0204 | |||
| Treynor Ratio | 0.2716 |
MTY Food Group Backtested Returns
MTY Food appears to be very steady, given 3 months investment horizon. MTY Food Group has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for MTY Food, which you can use to evaluate the volatility of the firm. Please exercise MTY Food's Risk Adjusted Performance of 0.0907, market risk adjusted performance of 0.2816, and Mean Deviation of 1.11 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MTY Food holds a performance score of 11. The company secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MTY Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding MTY Food is expected to be smaller as well. Please check MTY Food's kurtosis, and the relationship between the downside variance and day median price , to make a quick decision on whether MTY Food's current price movements will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
MTY Food Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between MTY Food time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 MTY Food Group price movement. The serial correlation of -0.12 indicates that less than 12.0% of current MTY Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
MTY Food Group lagged returns against current returns
Autocorrelation, which is MTY Food 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 MTY Food's stock expected returns. We can calculate the autocorrelation of MTY Food returns to help us make a trade decision. For example, suppose you find that MTY Food 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 |
MTY Food 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 MTY Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MTY Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MTY Food stock over time.
Current vs Lagged Prices |
| Timeline |
MTY Food Lagged Returns
When evaluating MTY Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MTY Food stock have on its future price. MTY Food 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, MTY Food autocorrelation shows the relationship between MTY Food stock current value and its past values and can show if there is a momentum factor associated with investing in MTY Food Group.
Regressed Prices |
| Timeline |
Pair Trading with MTY Food
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 MTY Food 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 MTY Food will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to MTY Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MTY Food 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 MTY Food - 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 MTY Food Group to buy it.
The correlation of MTY Food 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 MTY Food moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MTY Food Group 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 MTY Food 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.Other Information on Investing in MTY Stock
MTY Food financial ratios help investors to determine whether MTY 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 MTY with respect to the benefits of owning MTY Food security.