Miko NV (Belgium) Market Value
| MIKO Stock | EUR 52.00 0.20 0.39% |
| Symbol | Miko |
Miko NV '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 Miko NV'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 Miko NV.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Miko NV on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Miko NV or generate 0.0% return on investment in Miko NV over 720 days. Miko NV is related to or competes with Tubize Fin, Tessenderlo, Sipef NV, Lotus Bakeries, and Van De. Miko NV, together with its subsidiaries, produces and distributes coffee and plastic packaging products More
Miko NV 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 Miko NV'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 Miko NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.68 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.21 |
Miko NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miko NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miko NV's standard deviation. In reality, there are many statistical measures that can use Miko NV historical prices to predict the future Miko NV's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | 0.0295 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2599 |
Miko NV Backtested Returns
Currently, Miko NV is very steady. Miko NV has Sharpe Ratio of 0.0502, which conveys that the firm had a 0.0502% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Miko NV, which you can use to evaluate the volatility of the firm. Please verify Miko NV's Downside Deviation of 1.44, risk adjusted performance of 0.0392, and Mean Deviation of 0.9076 to check out if the risk estimate we provide is consistent with the expected return of 0.0698%. Miko NV has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Miko NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Miko NV is expected to be smaller as well. Miko NV right now secures a risk of 1.39%. Please verify Miko NV standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Miko NV will be following its current price movements.
Auto-correlation | 0.12 |
Insignificant predictability
Miko NV has insignificant predictability. Overlapping area represents the amount of predictability between Miko NV time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Miko NV price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Miko NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 16.7 |
Miko NV lagged returns against current returns
Autocorrelation, which is Miko NV 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 Miko NV's stock expected returns. We can calculate the autocorrelation of Miko NV returns to help us make a trade decision. For example, suppose you find that Miko NV 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 |
Miko NV 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 Miko NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miko NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Miko NV stock over time.
Current vs Lagged Prices |
| Timeline |
Miko NV Lagged Returns
When evaluating Miko NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miko NV stock have on its future price. Miko NV 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, Miko NV autocorrelation shows the relationship between Miko NV stock current value and its past values and can show if there is a momentum factor associated with investing in Miko NV.
Regressed Prices |
| Timeline |
Pair Trading with Miko NV
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 Miko NV 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 Miko NV will appreciate offsetting losses from the drop in the long position's value.Moving against Miko Stock
The ability to find closely correlated positions to Miko NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miko NV 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 Miko NV - 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 Miko NV to buy it.
The correlation of Miko NV 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 Miko NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miko NV 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 Miko NV 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 Miko Stock Analysis
When running Miko NV's price analysis, check to measure Miko NV'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 Miko NV is operating at the current time. Most of Miko NV's value examination focuses on studying past and present price action to predict the probability of Miko NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miko NV's price. Additionally, you may evaluate how the addition of Miko NV to your portfolios can decrease your overall portfolio volatility.