Malin Plc (Ireland) Market Value
| MLC Stock | EUR 8.70 0.20 2.35% |
| Symbol | Malin |
Malin Plc '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 Malin Plc'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 Malin Plc.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Malin Plc on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Malin plc or generate 0.0% return on investment in Malin Plc over 720 days. Malin Plc is related to or competes with Dalata Hotel, Glanbia PLC, Irish Residential, Irish Continental, and Uniphar Group. More
Malin Plc 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 Malin Plc'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 Malin plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.1199 | |||
| Maximum Drawdown | 40.01 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.35 |
Malin Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Malin Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Malin Plc's standard deviation. In reality, there are many statistical measures that can use Malin Plc historical prices to predict the future Malin Plc's volatility.| Risk Adjusted Performance | 0.1085 | |||
| Jensen Alpha | 0.6117 | |||
| Total Risk Alpha | 0.4763 | |||
| Sortino Ratio | 0.237 | |||
| Treynor Ratio | 4.49 |
Malin plc Backtested Returns
Malin Plc appears to be slightly risky, given 3 months investment horizon. Malin plc 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. By analyzing Malin Plc's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Malin Plc's Downside Deviation of 2.5, mean deviation of 1.56, and Risk Adjusted Performance of 0.1085 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Malin Plc holds a performance score of 9. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Malin Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Malin Plc is expected to be smaller as well. Please check Malin Plc's jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Malin Plc's current price movements will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Malin plc has modest reverse predictability. Overlapping area represents the amount of predictability between Malin Plc time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Malin plc price movement. The serial correlation of -0.48 indicates that about 48.0% of current Malin Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Malin plc lagged returns against current returns
Autocorrelation, which is Malin Plc 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 Malin Plc's stock expected returns. We can calculate the autocorrelation of Malin Plc returns to help us make a trade decision. For example, suppose you find that Malin Plc 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 |
Malin Plc 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 Malin Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Malin Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Malin Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Malin Plc Lagged Returns
When evaluating Malin Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Malin Plc stock have on its future price. Malin Plc 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, Malin Plc autocorrelation shows the relationship between Malin Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Malin plc.
Regressed Prices |
| Timeline |
Pair Trading with Malin Plc
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 Malin Plc 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 Malin Plc will appreciate offsetting losses from the drop in the long position's value.Moving against Malin Stock
| 0.83 | GRW | Draper Esprit plc | PairCorr |
| 0.74 | KRX | Kingspan Group plc | PairCorr |
| 0.72 | GL9 | Glanbia PLC | PairCorr |
| 0.34 | BIRG | Bank of Ireland | PairCorr |
The ability to find closely correlated positions to Malin Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Malin Plc 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 Malin Plc - 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 Malin plc to buy it.
The correlation of Malin Plc 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 Malin Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Malin plc 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 Malin Plc 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 Malin Stock Analysis
When running Malin Plc's price analysis, check to measure Malin Plc'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 Malin Plc is operating at the current time. Most of Malin Plc's value examination focuses on studying past and present price action to predict the probability of Malin Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Malin Plc's price. Additionally, you may evaluate how the addition of Malin Plc to your portfolios can decrease your overall portfolio volatility.