Multiexport Foods (Chile) Market Value
| MULTIX Stock | 203.97 0.03 0.01% |
| Symbol | Multiexport |
Multiexport Foods '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 Multiexport Foods' 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 Multiexport Foods.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Multiexport Foods on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Multiexport Foods SA or generate 0.0% return on investment in Multiexport Foods over 180 days. Multiexport Foods is related to or competes with Embotelladora Andina, Administradora Americana, Las Condes, Energia Latina. More
Multiexport Foods 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 Multiexport Foods' 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 Multiexport Foods SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.69 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.55 |
Multiexport Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multiexport Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multiexport Foods' standard deviation. In reality, there are many statistical measures that can use Multiexport Foods historical prices to predict the future Multiexport Foods' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.64) |
Multiexport Foods Backtested Returns
Multiexport Foods appears to be very steady, given 3 months investment horizon. Multiexport Foods has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Multiexport Foods, which you can use to evaluate the volatility of the firm. Please exercise Multiexport Foods' Risk Adjusted Performance of (0.04), mean deviation of 0.563, and Standard Deviation of 1.04 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Multiexport Foods holds a performance score of 19. The company secures a Beta (Market Risk) of 0.0987, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Multiexport Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Multiexport Foods is expected to be smaller as well. Please check Multiexport Foods' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether Multiexport Foods' current price movements will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Multiexport Foods SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Multiexport Foods time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Multiexport Foods price movement. The serial correlation of -0.72 indicates that around 72.0% of current Multiexport Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 19.96 |
Multiexport Foods lagged returns against current returns
Autocorrelation, which is Multiexport Foods 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 Multiexport Foods' stock expected returns. We can calculate the autocorrelation of Multiexport Foods returns to help us make a trade decision. For example, suppose you find that Multiexport Foods 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 |
Multiexport Foods 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 Multiexport Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multiexport Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multiexport Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Multiexport Foods Lagged Returns
When evaluating Multiexport Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multiexport Foods stock have on its future price. Multiexport Foods 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, Multiexport Foods autocorrelation shows the relationship between Multiexport Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Multiexport Foods SA.
Regressed Prices |
| Timeline |
Pair Trading with Multiexport Foods
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 Multiexport Foods 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 Multiexport Foods will appreciate offsetting losses from the drop in the long position's value.Moving together with Multiexport Stock
Moving against Multiexport Stock
The ability to find closely correlated positions to Multiexport Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Multiexport Foods 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 Multiexport Foods - 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 Multiexport Foods SA to buy it.
The correlation of Multiexport Foods 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 Multiexport Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Multiexport Foods 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 Multiexport Foods 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 Multiexport Stock
Multiexport Foods financial ratios help investors to determine whether Multiexport 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 Multiexport with respect to the benefits of owning Multiexport Foods security.