Mnb Holdings Corp Stock Market Value
| MNBO Stock | USD 24.46 0.71 2.99% |
| Symbol | MNB |
MNB Holdings '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 MNB Holdings' otc 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 MNB Holdings.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in MNB Holdings on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding MNB Holdings Corp or generate 0.0% return on investment in MNB Holdings over 30 days. MNB Holdings is related to or competes with First Hawaiian, Central Pacific, Territorial Bancorp, Comerica, Bank of Hawaii, Lloyds Banking, and Zions Bancorporation. MNB Holdings Corporation operates as the holding company for Mission National Bank that provides various banking product... More
MNB Holdings 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 MNB Holdings' otc 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 MNB Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.32 |
MNB Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MNB Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MNB Holdings' standard deviation. In reality, there are many statistical measures that can use MNB Holdings historical prices to predict the future MNB Holdings' volatility.| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | 0.0041 | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.0676 |
MNB Holdings Corp Backtested Returns
As of now, MNB OTC Stock is very steady. MNB Holdings Corp retains Efficiency (Sharpe Ratio) of 0.0023, which conveys that the firm had a 0.0023% return per unit of return volatility over the last 3 months. We have found twenty technical indicators for MNB Holdings, which you can use to evaluate the volatility of the firm. Please verify MNB Holdings' Standard Deviation of 0.9733, mean deviation of 0.2825, and Market Risk Adjusted Performance of 0.0776 to check out if the risk estimate we provide is consistent with the expected return of 0.0023%. The company owns a Beta (Systematic Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MNB Holdings are expected to decrease at a much lower rate. During the bear market, MNB Holdings is likely to outperform the market. MNB Holdings Corp now owns a risk of 0.99%. Please verify MNB Holdings Corp information ratio, as well as the relationship between the daily balance of power and period momentum indicator , to decide if MNB Holdings Corp will be following its current price history.
Auto-correlation | 0.02 |
Virtually no predictability
MNB Holdings Corp has virtually no predictability. Overlapping area represents the amount of predictability between MNB Holdings time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 MNB Holdings Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current MNB Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
MNB Holdings Corp lagged returns against current returns
Autocorrelation, which is MNB Holdings otc 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 MNB Holdings' otc stock expected returns. We can calculate the autocorrelation of MNB Holdings returns to help us make a trade decision. For example, suppose you find that MNB Holdings has exhibited high autocorrelation historically, and you observe that the otc 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 |
MNB Holdings 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 MNB Holdings otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MNB Holdings otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MNB Holdings otc stock over time.
Current vs Lagged Prices |
| Timeline |
MNB Holdings Lagged Returns
When evaluating MNB Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MNB Holdings otc stock have on its future price. MNB Holdings 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, MNB Holdings autocorrelation shows the relationship between MNB Holdings otc stock current value and its past values and can show if there is a momentum factor associated with investing in MNB Holdings Corp.
Regressed Prices |
| Timeline |
Pair Trading with MNB Holdings
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 MNB Holdings 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 MNB Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against MNB OTC Stock
The ability to find closely correlated positions to MNB Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MNB Holdings 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 MNB Holdings - 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 MNB Holdings Corp to buy it.
The correlation of MNB Holdings 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 MNB Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MNB Holdings Corp 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 MNB Holdings 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.Other Information on Investing in MNB OTC Stock
MNB Holdings financial ratios help investors to determine whether MNB OTC 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 MNB with respect to the benefits of owning MNB Holdings security.