MT 1997 (Czech Republic) Market Value
| KLIKY Stock | 27,000 800.00 2.88% |
| Symbol | KLIKY |
MT 1997 '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 MT 1997'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 MT 1997.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in MT 1997 on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding MT 1997 AS or generate 0.0% return on investment in MT 1997 over 30 days. MT 1997 is related to or competes with Philip Morris, Prabos Plus, Nokia Oyj, Kofola CeskoSlovensko, HARDWARIO, Toma As, and Colt CZ. More
MT 1997 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 MT 1997'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 MT 1997 AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.04 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 0.7194 |
MT 1997 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MT 1997's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MT 1997's standard deviation. In reality, there are many statistical measures that can use MT 1997 historical prices to predict the future MT 1997's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MT 1997'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.
MT 1997 AS Backtested Returns
MT 1997 AS retains Efficiency (Sharpe Ratio) of -0.14, which conveys that the firm had a -0.14% return per unit of price deviation over the last 3 months. MT 1997 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MT 1997's Information Ratio of (0.14), mean deviation of 0.8087, and Market Risk Adjusted Performance of (1.00) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MT 1997's returns are expected to increase less than the market. However, during the bear market, the loss of holding MT 1997 is expected to be smaller as well. At this point, MT 1997 AS has a negative expected return of -0.25%. Please make sure to verify MT 1997's market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and daily balance of power , to decide if MT 1997 AS performance from the past will be repeated sooner or later.
Auto-correlation | 0.42 |
Average predictability
MT 1997 AS has average predictability. Overlapping area represents the amount of predictability between MT 1997 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 MT 1997 AS price movement. The serial correlation of 0.42 indicates that just about 42.0% of current MT 1997 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 176.4 K |
MT 1997 AS lagged returns against current returns
Autocorrelation, which is MT 1997 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 MT 1997's stock expected returns. We can calculate the autocorrelation of MT 1997 returns to help us make a trade decision. For example, suppose you find that MT 1997 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 |
MT 1997 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 MT 1997 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MT 1997 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MT 1997 stock over time.
Current vs Lagged Prices |
| Timeline |
MT 1997 Lagged Returns
When evaluating MT 1997's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MT 1997 stock have on its future price. MT 1997 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, MT 1997 autocorrelation shows the relationship between MT 1997 stock current value and its past values and can show if there is a momentum factor associated with investing in MT 1997 AS.
Regressed Prices |
| Timeline |
Pair Trading with MT 1997
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 MT 1997 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 MT 1997 will appreciate offsetting losses from the drop in the long position's value.Moving together with KLIKY Stock
Moving against KLIKY Stock
| 0.73 | KOFOL | Kofola CeskoSlovensko | PairCorr |
| 0.56 | FILL | Fillamentum as | PairCorr |
| 0.54 | CEZ | Cez AS | PairCorr |
| 0.44 | ENRGA | Energoaqua as | PairCorr |
The ability to find closely correlated positions to MT 1997 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MT 1997 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 MT 1997 - 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 MT 1997 AS to buy it.
The correlation of MT 1997 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 MT 1997 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MT 1997 AS 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 MT 1997 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.Additional Tools for KLIKY Stock Analysis
When running MT 1997's price analysis, check to measure MT 1997'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 MT 1997 is operating at the current time. Most of MT 1997's value examination focuses on studying past and present price action to predict the probability of MT 1997's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MT 1997's price. Additionally, you may evaluate how the addition of MT 1997 to your portfolios can decrease your overall portfolio volatility.