Mystate (Australia) Market Value
| MYS Stock | 4.25 0.08 1.92% |
| Symbol | Mystate |
Mystate '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 Mystate'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 Mystate.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Mystate on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Mystate or generate 0.0% return on investment in Mystate over 30 days. Mystate is related to or competes with Coronado Global. Mystate is entity of Australia. It is traded as Stock on AU exchange. More
Mystate 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 Mystate'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 Mystate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0696 | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.41 |
Mystate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mystate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mystate's standard deviation. In reality, there are many statistical measures that can use Mystate historical prices to predict the future Mystate's volatility.| Risk Adjusted Performance | 0.0779 | |||
| Jensen Alpha | 0.1156 | |||
| Total Risk Alpha | 0.0794 | |||
| Sortino Ratio | 0.0704 | |||
| Treynor Ratio | 1.08 |
Mystate Backtested Returns
Currently, Mystate is somewhat reliable. Mystate 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 thirty technical indicators for Mystate, which you can use to evaluate the volatility of the firm. Please verify Mystate's Downside Deviation of 1.36, risk adjusted performance of 0.0779, and Mean Deviation of 1.12 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Mystate has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mystate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mystate is expected to be smaller as well. Mystate right now secures a risk of 1.38%. Please verify Mystate sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Mystate will be following its current price movements.
Auto-correlation | 0.59 |
Modest predictability
Mystate has modest predictability. Overlapping area represents the amount of predictability between Mystate time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Mystate price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Mystate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mystate lagged returns against current returns
Autocorrelation, which is Mystate 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 Mystate's stock expected returns. We can calculate the autocorrelation of Mystate returns to help us make a trade decision. For example, suppose you find that Mystate 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 |
Mystate 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 Mystate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mystate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mystate stock over time.
Current vs Lagged Prices |
| Timeline |
Mystate Lagged Returns
When evaluating Mystate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mystate stock have on its future price. Mystate 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, Mystate autocorrelation shows the relationship between Mystate stock current value and its past values and can show if there is a momentum factor associated with investing in Mystate.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mystate Stock Analysis
When running Mystate's price analysis, check to measure Mystate'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 Mystate is operating at the current time. Most of Mystate's value examination focuses on studying past and present price action to predict the probability of Mystate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mystate's price. Additionally, you may evaluate how the addition of Mystate to your portfolios can decrease your overall portfolio volatility.