MG Plc (UK) Market Value
| MNG Stock | 198.20 1.15 0.58% |
| Symbol | MNG |
MG 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 MG 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 MG Plc.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in MG Plc on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding MG Plc or generate 0.0% return on investment in MG Plc over 720 days. MG Plc is related to or competes with Jacquet Metal, American Homes, Adriatic Metals, Fortune Brands, Golden Metal, AMG Advanced, and Central Asia. More
MG 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 MG 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 MG Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.05 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.51 |
MG Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MG Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MG Plc's standard deviation. In reality, there are many statistical measures that can use MG Plc historical prices to predict the future MG Plc's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.86) |
MG Plc Backtested Returns
MG Plc retains Efficiency (Sharpe Ratio) of -0.0752, which conveys that the firm had a -0.0752% return per unit of price deviation over the last 3 months. MG Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MG Plc's Information Ratio of (0.21), mean deviation of 0.8145, and Market Risk Adjusted Performance of (0.85) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MG Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding MG Plc is expected to be smaller as well. At this point, MG Plc has a negative expected return of -0.079%. Please make sure to verify MG Plc's treynor ratio, skewness, and the relationship between the jensen alpha and value at risk , to decide if MG Plc performance from the past will be repeated sooner or later.
Auto-correlation | -0.32 |
Poor reverse predictability
MG Plc has poor reverse predictability. Overlapping area represents the amount of predictability between MG Plc time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 MG Plc price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current MG Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 31.0 |
MG Plc lagged returns against current returns
Autocorrelation, which is MG 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 MG Plc's stock expected returns. We can calculate the autocorrelation of MG Plc returns to help us make a trade decision. For example, suppose you find that MG 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 |
MG 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 MG Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MG Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MG Plc stock over time.
Current vs Lagged Prices |
| Timeline |
MG Plc Lagged Returns
When evaluating MG Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MG Plc stock have on its future price. MG 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, MG Plc autocorrelation shows the relationship between MG Plc stock current value and its past values and can show if there is a momentum factor associated with investing in MG Plc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in MNG Stock
MG Plc financial ratios help investors to determine whether MNG 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 MNG with respect to the benefits of owning MG Plc security.