Mge Energy Stock Market Value
| MGEE Stock | USD 104.76 1.42 1.37% |
| Symbol | MGE |
MGE Energy Price To Book Ratio
Is Electric Utilities 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 MGE Energy. If investors know MGE 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 MGE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.079 | Dividend Share 1.732 | Earnings Share 3.31 | Revenue Per Share 18.071 | Quarterly Revenue Growth 0.05 |
The market value of MGE Energy is measured differently than its book value, which is the value of MGE that is recorded on the company's balance sheet. Investors also form their own opinion of MGE Energy's value that differs from its market value or its book value, called intrinsic value, which is MGE Energy'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 MGE Energy's market value can be influenced by many factors that don't directly affect MGE Energy'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 MGE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGE Energy'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.
MGE Energy '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 MGE Energy'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 MGE Energy.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in MGE Energy on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding MGE Energy or generate 0.0% return on investment in MGE Energy over 30 days. MGE Energy is related to or competes with CMS Energy, Ameren Corp, Pinnacle West, Evergy,, Portland General, OGE Energy, and IDACORP. MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin More
MGE Energy 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 MGE Energy'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 MGE Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.1254 | |||
| Maximum Drawdown | 9.44 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 2.95 |
MGE Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGE Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGE Energy's standard deviation. In reality, there are many statistical measures that can use MGE Energy historical prices to predict the future MGE Energy's volatility.| Risk Adjusted Performance | 0.1626 | |||
| Jensen Alpha | 0.1811 | |||
| Total Risk Alpha | 0.0759 | |||
| Sortino Ratio | 0.1719 | |||
| Treynor Ratio | 0.2755 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MGE Energy'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.
MGE Energy Backtested Returns
MGE Energy appears to be very steady, given 3 months investment horizon. MGE Energy has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MGE Energy, which you can use to evaluate the volatility of the firm. Please exercise MGE Energy's risk adjusted performance of 0.1626, and Mean Deviation of 1.06 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MGE Energy holds a performance score of 15. The company secures a Beta (Market Risk) of 1.13, which conveys a somewhat significant risk relative to the market. MGE Energy returns are very sensitive to returns on the market. As the market goes up or down, MGE Energy is expected to follow. Please check MGE Energy's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether MGE Energy's current price movements will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
MGE Energy has poor reverse predictability. Overlapping area represents the amount of predictability between MGE Energy 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 MGE Energy price movement. The serial correlation of -0.38 indicates that just about 38.0% of current MGE Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
MGE Energy lagged returns against current returns
Autocorrelation, which is MGE Energy 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 MGE Energy's stock expected returns. We can calculate the autocorrelation of MGE Energy returns to help us make a trade decision. For example, suppose you find that MGE Energy 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 |
MGE Energy 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 MGE Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGE Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGE Energy stock over time.
Current vs Lagged Prices |
| Timeline |
MGE Energy Lagged Returns
When evaluating MGE Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGE Energy stock have on its future price. MGE Energy 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, MGE Energy autocorrelation shows the relationship between MGE Energy stock current value and its past values and can show if there is a momentum factor associated with investing in MGE Energy.
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 MGE Energy is a strong investment it is important to analyze MGE Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGE Energy's future performance. For an informed investment choice regarding MGE Stock, refer to the following important reports:Check out MGE Energy Correlation, MGE Energy Volatility and MGE Energy Alpha and Beta module to complement your research on MGE Energy. For information on how to trade MGE Stock refer to our How to Trade MGE Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
MGE Energy 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.