Mynaric Ag Adr Stock Market Value
| MYNA Stock | USD 1.39 0.02 1.46% |
| Symbol | Mynaric |
Mynaric AG ADR Price To Book Ratio
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mynaric AG. If investors know Mynaric will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mynaric AG listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.04) | Revenue Per Share 0.223 | Quarterly Revenue Growth (0.69) | Return On Assets (0.46) | Return On Equity (2.34) |
The market value of Mynaric AG ADR is measured differently than its book value, which is the value of Mynaric that is recorded on the company's balance sheet. Investors also form their own opinion of Mynaric AG's value that differs from its market value or its book value, called intrinsic value, which is Mynaric AG's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mynaric AG's market value can be influenced by many factors that don't directly affect Mynaric AG's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mynaric AG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mynaric AG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mynaric AG's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mynaric AG '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 Mynaric AG'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 Mynaric AG.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Mynaric AG on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mynaric AG ADR or generate 0.0% return on investment in Mynaric AG over 30 days. Mynaric AG is related to or competes with Comtech Telecommunicatio, KVH Industries, Silicom, Knowles Cor, Ituran Location, Aviat Networks, and ADTRAN. Mynaric AG engages in developing and manufacturing advanced laser communication technology for long-distance data transm... More
Mynaric AG 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 Mynaric AG'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 Mynaric AG ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.33 | |||
| Information Ratio | 0.0556 | |||
| Maximum Drawdown | 25.89 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 14.29 |
Mynaric AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mynaric AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mynaric AG's standard deviation. In reality, there are many statistical measures that can use Mynaric AG historical prices to predict the future Mynaric AG's volatility.| Risk Adjusted Performance | 0.067 | |||
| Jensen Alpha | 0.4031 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0664 | |||
| Treynor Ratio | 0.7992 |
Mynaric AG ADR Backtested Returns
Mynaric AG appears to be very risky, given 3 months investment horizon. Mynaric AG ADR has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Mynaric AG's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please exercise Mynaric AG's Risk Adjusted Performance of 0.067, mean deviation of 4.72, and Downside Deviation of 5.33 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mynaric AG holds a performance score of 9. The company secures a Beta (Market Risk) of 0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mynaric AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mynaric AG is expected to be smaller as well. Please check Mynaric AG's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Mynaric AG's current price movements will revert.
Auto-correlation | 0.66 |
Good predictability
Mynaric AG ADR has good predictability. Overlapping area represents the amount of predictability between Mynaric AG time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Mynaric AG ADR price movement. The serial correlation of 0.66 indicates that around 66.0% of current Mynaric AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mynaric AG ADR lagged returns against current returns
Autocorrelation, which is Mynaric AG 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 Mynaric AG's stock expected returns. We can calculate the autocorrelation of Mynaric AG returns to help us make a trade decision. For example, suppose you find that Mynaric AG 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 |
Mynaric AG 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 Mynaric AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mynaric AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mynaric AG stock over time.
Current vs Lagged Prices |
| Timeline |
Mynaric AG Lagged Returns
When evaluating Mynaric AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mynaric AG stock have on its future price. Mynaric AG 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, Mynaric AG autocorrelation shows the relationship between Mynaric AG stock current value and its past values and can show if there is a momentum factor associated with investing in Mynaric AG ADR.
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.When determining whether Mynaric AG ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mynaric AG's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mynaric Ag Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mynaric Ag Adr Stock:Check out Mynaric AG Correlation, Mynaric AG Volatility and Mynaric AG Alpha and Beta module to complement your research on Mynaric AG. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Mynaric AG technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.