ManpowerGroup (Germany) Market Value
| MPW Stock | EUR 54.50 0.50 0.91% |
| Symbol | ManpowerGroup |
ManpowerGroup '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 ManpowerGroup'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 ManpowerGroup.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in ManpowerGroup on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding ManpowerGroup or generate 0.0% return on investment in ManpowerGroup over 180 days. ManpowerGroup is related to or competes with MARKET VECTR, British American, QURATE RETAIL, COMPUTERSHARE, Computershare, Singapore Telecommunicatio, and IMPERIAL TOBACCO. ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the ... More
ManpowerGroup 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 ManpowerGroup'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 ManpowerGroup upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.25 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.36 |
ManpowerGroup Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ManpowerGroup's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ManpowerGroup's standard deviation. In reality, there are many statistical measures that can use ManpowerGroup historical prices to predict the future ManpowerGroup's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.34) |
ManpowerGroup Backtested Returns
ManpowerGroup has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. ManpowerGroup exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify ManpowerGroup's Risk Adjusted Performance of (0.11), standard deviation of 1.81, and Mean Deviation of 1.27 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, ManpowerGroup's returns are expected to increase less than the market. However, during the bear market, the loss of holding ManpowerGroup is expected to be smaller as well. At this point, ManpowerGroup has a negative expected return of -0.23%. Please make sure to verify ManpowerGroup's kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if ManpowerGroup performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
ManpowerGroup has insignificant reverse predictability. Overlapping area represents the amount of predictability between ManpowerGroup time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 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 ManpowerGroup price movement. The serial correlation of -0.16 indicates that over 16.0% of current ManpowerGroup price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 8.98 |
ManpowerGroup lagged returns against current returns
Autocorrelation, which is ManpowerGroup 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 ManpowerGroup's stock expected returns. We can calculate the autocorrelation of ManpowerGroup returns to help us make a trade decision. For example, suppose you find that ManpowerGroup 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 |
ManpowerGroup 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 ManpowerGroup stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ManpowerGroup stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ManpowerGroup stock over time.
Current vs Lagged Prices |
| Timeline |
ManpowerGroup Lagged Returns
When evaluating ManpowerGroup's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ManpowerGroup stock have on its future price. ManpowerGroup 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, ManpowerGroup autocorrelation shows the relationship between ManpowerGroup stock current value and its past values and can show if there is a momentum factor associated with investing in ManpowerGroup.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in ManpowerGroup Stock
When determining whether ManpowerGroup offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ManpowerGroup's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Manpowergroup Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Manpowergroup Stock:Check out ManpowerGroup Correlation, ManpowerGroup Volatility and ManpowerGroup Alpha and Beta module to complement your research on ManpowerGroup. For more detail on how to invest in ManpowerGroup Stock please use our How to Invest in ManpowerGroup guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
ManpowerGroup technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.