Mirvac (Germany) Market Value
| MJB Stock | EUR 1.14 0.04 3.39% |
| Symbol | Mirvac |
Mirvac '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 Mirvac'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 Mirvac.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Mirvac on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Mirvac Group or generate 0.0% return on investment in Mirvac over 30 days. Mirvac is related to or competes with PACIFIC ONLINE, Zijin Mining, PARKEN Sport, Gaztransport Technigaz, Harmony Gold, Transport International, and SPORT LISBOA. Mirvac is a leading, diversified Australian property group, with an integrated development and asset management capabili... More
Mirvac 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 Mirvac'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 Mirvac Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.51 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.31 |
Mirvac Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirvac's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirvac's standard deviation. In reality, there are many statistical measures that can use Mirvac historical prices to predict the future Mirvac's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (1.06) |
Mirvac Group Backtested Returns
Mirvac Group has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Mirvac exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirvac's Mean Deviation of 1.13, risk adjusted performance of (0.12), and Standard Deviation of 1.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mirvac's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirvac is expected to be smaller as well. At this point, Mirvac Group has a negative expected return of -0.24%. Please make sure to verify Mirvac's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if Mirvac Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Mirvac Group has very good reverse predictability. Overlapping area represents the amount of predictability between Mirvac time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Mirvac Group price movement. The serial correlation of -0.69 indicates that around 69.0% of current Mirvac price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mirvac Group lagged returns against current returns
Autocorrelation, which is Mirvac 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 Mirvac's stock expected returns. We can calculate the autocorrelation of Mirvac returns to help us make a trade decision. For example, suppose you find that Mirvac 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 |
Mirvac 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 Mirvac stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirvac stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirvac stock over time.
Current vs Lagged Prices |
| Timeline |
Mirvac Lagged Returns
When evaluating Mirvac's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirvac stock have on its future price. Mirvac 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, Mirvac autocorrelation shows the relationship between Mirvac stock current value and its past values and can show if there is a momentum factor associated with investing in Mirvac Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mirvac Stock
Mirvac financial ratios help investors to determine whether Mirvac Stock 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 Mirvac with respect to the benefits of owning Mirvac security.