Mauna Kea (France) Market Value
| ALMKT Stock | 0.17 0.01 5.56% |
| Symbol | Mauna |
Mauna Kea '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 Mauna Kea'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 Mauna Kea.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mauna Kea on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mauna Kea Technologies or generate 0.0% return on investment in Mauna Kea over 180 days.
Mauna Kea 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 Mauna Kea'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 Mauna Kea Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 30.3 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.56 |
Mauna Kea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mauna Kea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mauna Kea's standard deviation. In reality, there are many statistical measures that can use Mauna Kea historical prices to predict the future Mauna Kea's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.96) | |||
| Total Risk Alpha | (1.76) | |||
| Treynor Ratio | 1.55 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mauna Kea's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mauna Kea Technologies Backtested Returns
Mauna Kea Technologies has Sharpe Ratio of -0.24, which conveys that the firm had a -0.24% return per unit of risk over the last 3 months. Mauna Kea exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mauna Kea's Standard Deviation of 4.28, mean deviation of 2.78, and Risk Adjusted Performance of (0.18) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mauna Kea are expected to decrease at a much lower rate. During the bear market, Mauna Kea is likely to outperform the market. At this point, Mauna Kea Technologies has a negative expected return of -1.05%. Please make sure to verify Mauna Kea's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Mauna Kea Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Mauna Kea Technologies has average predictability. Overlapping area represents the amount of predictability between Mauna Kea time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Mauna Kea Technologies price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Mauna Kea price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mauna Kea Technologies lagged returns against current returns
Autocorrelation, which is Mauna Kea 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 Mauna Kea's stock expected returns. We can calculate the autocorrelation of Mauna Kea returns to help us make a trade decision. For example, suppose you find that Mauna Kea 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 |
Mauna Kea 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 Mauna Kea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mauna Kea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mauna Kea stock over time.
Current vs Lagged Prices |
| Timeline |
Mauna Kea Lagged Returns
When evaluating Mauna Kea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mauna Kea stock have on its future price. Mauna Kea 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, Mauna Kea autocorrelation shows the relationship between Mauna Kea stock current value and its past values and can show if there is a momentum factor associated with investing in Mauna Kea Technologies.
Regressed Prices |
| Timeline |
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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 Mauna Stock Analysis
When running Mauna Kea's price analysis, check to measure Mauna Kea'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 Mauna Kea is operating at the current time. Most of Mauna Kea's value examination focuses on studying past and present price action to predict the probability of Mauna Kea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mauna Kea's price. Additionally, you may evaluate how the addition of Mauna Kea to your portfolios can decrease your overall portfolio volatility.