Mccoy Global Stock Market Value
| MCB Stock | CAD 2.88 0.07 2.49% |
| Symbol | Mccoy |
Mccoy Global '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 Mccoy Global'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 Mccoy Global.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Mccoy Global on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Mccoy Global or generate 0.0% return on investment in Mccoy Global over 90 days. Mccoy Global is related to or competes with Bri Chem, High Arctic, and PHX Energy. McCoy Global Inc., together with its subsidiaries, provides equipment and technologies to support wellbore integrity and... More
Mccoy Global 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 Mccoy Global'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 Mccoy Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.06 | |||
| Information Ratio | 0.1207 | |||
| Maximum Drawdown | 25.95 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 7.63 |
Mccoy Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mccoy Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mccoy Global's standard deviation. In reality, there are many statistical measures that can use Mccoy Global historical prices to predict the future Mccoy Global's volatility.| Risk Adjusted Performance | 0.1195 | |||
| Jensen Alpha | 0.5656 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1101 | |||
| Treynor Ratio | (16.72) |
Mccoy Global Backtested Returns
Mccoy Global appears to be very risky, given 3 months investment horizon. Mccoy Global has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Mccoy Global's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise Mccoy Global's Risk Adjusted Performance of 0.1195, downside deviation of 4.06, and Mean Deviation of 2.54 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mccoy Global holds a performance score of 12. The company secures a Beta (Market Risk) of -0.0336, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mccoy Global are expected to decrease at a much lower rate. During the bear market, Mccoy Global is likely to outperform the market. Please check Mccoy Global's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Mccoy Global's current price movements will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Mccoy Global has excellent reverse predictability. Overlapping area represents the amount of predictability between Mccoy Global time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Mccoy Global price movement. The serial correlation of -0.82 indicates that around 82.0% of current Mccoy Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Mccoy Global lagged returns against current returns
Autocorrelation, which is Mccoy Global 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 Mccoy Global's stock expected returns. We can calculate the autocorrelation of Mccoy Global returns to help us make a trade decision. For example, suppose you find that Mccoy Global 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 |
Mccoy Global 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 Mccoy Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mccoy Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mccoy Global stock over time.
Current vs Lagged Prices |
| Timeline |
Mccoy Global Lagged Returns
When evaluating Mccoy Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mccoy Global stock have on its future price. Mccoy Global 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, Mccoy Global autocorrelation shows the relationship between Mccoy Global stock current value and its past values and can show if there is a momentum factor associated with investing in Mccoy Global.
Regressed Prices |
| Timeline |
Pair Trading with Mccoy Global
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 Mccoy Global 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 Mccoy Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Mccoy Stock
Moving against Mccoy Stock
| 0.64 | VZ | Verizon Communications | PairCorr |
| 0.41 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.34 | SAGE | Sage Potash Corp | PairCorr |
The ability to find closely correlated positions to Mccoy Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mccoy Global 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 Mccoy Global - 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 Mccoy Global to buy it.
The correlation of Mccoy Global 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 Mccoy Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mccoy Global 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 Mccoy Global 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.Other Information on Investing in Mccoy Stock
Mccoy Global financial ratios help investors to determine whether Mccoy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mccoy with respect to the benefits of owning Mccoy Global security.