Manhattan Corp (Australia) Market Value
| MHC Stock | 0.02 0 4.55% |
| Symbol | Manhattan |
Manhattan Corp '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 Manhattan Corp'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 Manhattan Corp.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Manhattan Corp on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Manhattan Corp or generate 0.0% return on investment in Manhattan Corp over 30 days. Manhattan Corp is related to or competes with Westpac Banking, ABACUS STORAGE, ASX, AIC Mines, Spirit Telecom, Prime Financial, and Ava Risk. Manhattan Corp is entity of Australia. It is traded as Stock on AU exchange. More
Manhattan Corp 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 Manhattan Corp'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 Manhattan Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.72 | |||
| Information Ratio | 0.1119 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Manhattan Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manhattan Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manhattan Corp's standard deviation. In reality, there are many statistical measures that can use Manhattan Corp historical prices to predict the future Manhattan Corp's volatility.| Risk Adjusted Performance | 0.1005 | |||
| Jensen Alpha | 3.15 | |||
| Total Risk Alpha | 1.87 | |||
| Sortino Ratio | 0.0815 | |||
| Treynor Ratio | (0.87) |
Manhattan Corp Backtested Returns
Manhattan Corp is out of control given 3 months investment horizon. Manhattan Corp has Sharpe Ratio of 0.0887, which conveys that the firm had a 0.0887% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.35% are justified by taking the suggested risk. Use Manhattan Corp Mean Deviation of 13.72, downside deviation of 36.72, and Risk Adjusted Performance of 0.1005 to evaluate company specific risk that cannot be diversified away. Manhattan Corp holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -3.49, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Manhattan Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Manhattan Corp is expected to outperform it. Use Manhattan Corp sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on Manhattan Corp.
Auto-correlation | -0.35 |
Poor reverse predictability
Manhattan Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Manhattan Corp time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Manhattan Corp price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Manhattan Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Manhattan Corp lagged returns against current returns
Autocorrelation, which is Manhattan Corp 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 Manhattan Corp's stock expected returns. We can calculate the autocorrelation of Manhattan Corp returns to help us make a trade decision. For example, suppose you find that Manhattan Corp 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 |
Manhattan Corp 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 Manhattan Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manhattan Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manhattan Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Manhattan Corp Lagged Returns
When evaluating Manhattan Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manhattan Corp stock have on its future price. Manhattan Corp 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, Manhattan Corp autocorrelation shows the relationship between Manhattan Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Manhattan Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Manhattan Stock Analysis
When running Manhattan Corp's price analysis, check to measure Manhattan Corp'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 Manhattan Corp is operating at the current time. Most of Manhattan Corp's value examination focuses on studying past and present price action to predict the probability of Manhattan Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manhattan Corp's price. Additionally, you may evaluate how the addition of Manhattan Corp to your portfolios can decrease your overall portfolio volatility.