Megawide Construction (Philippines) Market Value
| MWP2B Stock | 95.50 0.50 0.53% |
| Symbol | Megawide |
Megawide Construction '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 Megawide Construction'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 Megawide Construction.
| 07/18/2023 |
| 12/09/2024 |
If you would invest 0.00 in Megawide Construction on July 18, 2023 and sell it all today you would earn a total of 0.00 from holding Megawide Construction Corp or generate 0.0% return on investment in Megawide Construction over 510 days. Megawide Construction is related to or competes with Top Frontier, BDO Unibank, Rizal Commercial, Union Bank, SM Investments, and Alliance Select. More
Megawide Construction 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 Megawide Construction'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 Megawide Construction Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.0 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 4.34 |
Megawide Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Megawide Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Megawide Construction's standard deviation. In reality, there are many statistical measures that can use Megawide Construction historical prices to predict the future Megawide Construction's volatility.| Risk Adjusted Performance | 0.0348 | |||
| Jensen Alpha | 0.1192 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.27) |
Megawide Construction Backtested Returns
Currently, Megawide Construction Corp is very steady. Megawide Construction has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Megawide Construction, which you can use to evaluate the volatility of the firm. Please verify Megawide Construction's Downside Deviation of 2.63, mean deviation of 1.44, and Risk Adjusted Performance of 0.0348 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Megawide Construction has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Megawide Construction are expected to decrease at a much lower rate. During the bear market, Megawide Construction is likely to outperform the market. Megawide Construction right now secures a risk of 1.45%. Please verify Megawide Construction Corp coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Megawide Construction Corp will be following its current price movements.
Auto-correlation | 0.36 |
Below average predictability
Megawide Construction Corp has below average predictability. Overlapping area represents the amount of predictability between Megawide Construction time series from 18th of July 2023 to 29th of March 2024 and 29th of March 2024 to 9th 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 Megawide Construction price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Megawide Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 4.91 |
Megawide Construction lagged returns against current returns
Autocorrelation, which is Megawide Construction 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 Megawide Construction's stock expected returns. We can calculate the autocorrelation of Megawide Construction returns to help us make a trade decision. For example, suppose you find that Megawide Construction 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 |
Megawide Construction 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 Megawide Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Megawide Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Megawide Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Megawide Construction Lagged Returns
When evaluating Megawide Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Megawide Construction stock have on its future price. Megawide Construction 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, Megawide Construction autocorrelation shows the relationship between Megawide Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Megawide Construction Corp.
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.Additional Tools for Megawide Stock Analysis
When running Megawide Construction's price analysis, check to measure Megawide Construction'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 Megawide Construction is operating at the current time. Most of Megawide Construction's value examination focuses on studying past and present price action to predict the probability of Megawide Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Megawide Construction's price. Additionally, you may evaluate how the addition of Megawide Construction to your portfolios can decrease your overall portfolio volatility.