Mirrabooka Investments (Australia) Market Value
| MIR Stock | 3.38 0.03 0.90% |
| Symbol | Mirrabooka |
Mirrabooka Investments '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 Mirrabooka Investments' 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 Mirrabooka Investments.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Mirrabooka Investments on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Mirrabooka Investments or generate 0.0% return on investment in Mirrabooka Investments over 30 days. Mirrabooka Investments is related to or competes with Australian Foundation, MFF Capital, Metrics Master, L1 Long, Wam Leaders, BKI Investment, and Australian United. Mirrabooka Investments is entity of Australia More
Mirrabooka Investments 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 Mirrabooka Investments' 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 Mirrabooka Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.816 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.48 |
Mirrabooka Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirrabooka Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirrabooka Investments' standard deviation. In reality, there are many statistical measures that can use Mirrabooka Investments historical prices to predict the future Mirrabooka Investments' volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.0451 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.67) |
Mirrabooka Investments Backtested Returns
Currently, Mirrabooka Investments is somewhat reliable. Mirrabooka Investments has Sharpe Ratio of 0.0538, which conveys that the firm had a 0.0538% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mirrabooka Investments, which you can use to evaluate the volatility of the firm. Please verify Mirrabooka Investments' Mean Deviation of 0.6736, risk adjusted performance of 0.0431, and Downside Deviation of 0.816 to check out if the risk estimate we provide is consistent with the expected return of 0.0457%. Mirrabooka Investments has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0587, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mirrabooka Investments are expected to decrease at a much lower rate. During the bear market, Mirrabooka Investments is likely to outperform the market. Mirrabooka Investments right now secures a risk of 0.85%. Please verify Mirrabooka Investments treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Mirrabooka Investments will be following its current price movements.
Auto-correlation | 0.30 |
Below average predictability
Mirrabooka Investments has below average predictability. Overlapping area represents the amount of predictability between Mirrabooka Investments time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Mirrabooka Investments price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Mirrabooka Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mirrabooka Investments lagged returns against current returns
Autocorrelation, which is Mirrabooka Investments 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 Mirrabooka Investments' stock expected returns. We can calculate the autocorrelation of Mirrabooka Investments returns to help us make a trade decision. For example, suppose you find that Mirrabooka Investments 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 |
Mirrabooka Investments 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 Mirrabooka Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirrabooka Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirrabooka Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Mirrabooka Investments Lagged Returns
When evaluating Mirrabooka Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirrabooka Investments stock have on its future price. Mirrabooka Investments 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, Mirrabooka Investments autocorrelation shows the relationship between Mirrabooka Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Mirrabooka Investments.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mirrabooka Stock Analysis
When running Mirrabooka Investments' price analysis, check to measure Mirrabooka Investments' 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 Mirrabooka Investments is operating at the current time. Most of Mirrabooka Investments' value examination focuses on studying past and present price action to predict the probability of Mirrabooka Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirrabooka Investments' price. Additionally, you may evaluate how the addition of Mirrabooka Investments to your portfolios can decrease your overall portfolio volatility.