Mitsubishi Heavy Industries Stock Market Value
| MHVYF Stock | USD 15.05 0.40 2.73% |
| Symbol | Mitsubishi |
Mitsubishi Heavy '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 Mitsubishi Heavy's pink sheet 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 Mitsubishi Heavy.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Mitsubishi Heavy on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mitsubishi Heavy Industries or generate 0.0% return on investment in Mitsubishi Heavy over 30 days. Mitsubishi Heavy is related to or competes with Kawasaki Heavy, Mitsubishi Electric, Mitsubishi Corp, Marubeni Corp, and Sumitomo Corp. Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide More
Mitsubishi Heavy 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 Mitsubishi Heavy's pink sheet 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 Mitsubishi Heavy Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.0394 | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 4.9 |
Mitsubishi Heavy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsubishi Heavy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsubishi Heavy's standard deviation. In reality, there are many statistical measures that can use Mitsubishi Heavy historical prices to predict the future Mitsubishi Heavy's volatility.| Risk Adjusted Performance | 0.0689 | |||
| Jensen Alpha | 0.0115 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0409 | |||
| Treynor Ratio | 0.1202 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitsubishi Heavy'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.
Mitsubishi Heavy Ind Backtested Returns
Mitsubishi Heavy appears to be not too volatile, given 3 months investment horizon. Mitsubishi Heavy Ind has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mitsubishi Heavy, which you can use to evaluate the volatility of the firm. Please exercise Mitsubishi Heavy's Downside Deviation of 2.93, mean deviation of 2.25, and Risk Adjusted Performance of 0.0689 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mitsubishi Heavy holds a performance score of 9. The company secures a Beta (Market Risk) of 1.95, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mitsubishi Heavy will likely underperform. Please check Mitsubishi Heavy's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Mitsubishi Heavy's current price movements will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Mitsubishi Heavy Industries has poor reverse predictability. Overlapping area represents the amount of predictability between Mitsubishi Heavy time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Mitsubishi Heavy Ind price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Mitsubishi Heavy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Mitsubishi Heavy Ind lagged returns against current returns
Autocorrelation, which is Mitsubishi Heavy pink sheet'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 Mitsubishi Heavy's pink sheet expected returns. We can calculate the autocorrelation of Mitsubishi Heavy returns to help us make a trade decision. For example, suppose you find that Mitsubishi Heavy has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Mitsubishi Heavy 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 Mitsubishi Heavy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsubishi Heavy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsubishi Heavy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mitsubishi Heavy Lagged Returns
When evaluating Mitsubishi Heavy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsubishi Heavy pink sheet have on its future price. Mitsubishi Heavy 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, Mitsubishi Heavy autocorrelation shows the relationship between Mitsubishi Heavy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mitsubishi Heavy Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mitsubishi Pink Sheet
Mitsubishi Heavy financial ratios help investors to determine whether Mitsubishi Pink Sheet 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 Mitsubishi with respect to the benefits of owning Mitsubishi Heavy security.