Melcor Developments Stock Market Value
| MRD Stock | CAD 13.24 0.18 1.38% |
| Symbol | Melcor |
Melcor Developments Price To Book Ratio
Melcor Developments '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 Melcor Developments' 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 Melcor Developments.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Melcor Developments on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Melcor Developments or generate 0.0% return on investment in Melcor Developments over 540 days. Melcor Developments is related to or competes with Melcor Real, Mainstreet Equity, Genesis Land, Morguard, and Wells Fargo. Melcor Developments Ltd. operates as a real estate development company in the United States and Canada More
Melcor Developments 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 Melcor Developments' 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 Melcor Developments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9586 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.37 |
Melcor Developments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melcor Developments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melcor Developments' standard deviation. In reality, there are many statistical measures that can use Melcor Developments historical prices to predict the future Melcor Developments' volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | 0.0839 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 3.68 |
Melcor Developments Backtested Returns
As of now, Melcor Stock is very steady. Melcor Developments has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Melcor Developments, which you can use to evaluate the volatility of the firm. Please verify Melcor Developments' Downside Deviation of 0.9586, risk adjusted performance of 0.0794, and Mean Deviation of 0.6761 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Melcor Developments has a performance score of 11 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0235, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Melcor Developments' returns are expected to increase less than the market. However, during the bear market, the loss of holding Melcor Developments is expected to be smaller as well. Melcor Developments right now secures a risk of 0.97%. Please verify Melcor Developments downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Melcor Developments will be following its current price movements.
Auto-correlation | 0.29 |
Poor predictability
Melcor Developments has poor predictability. Overlapping area represents the amount of predictability between Melcor Developments time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Melcor Developments price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Melcor Developments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Melcor Developments lagged returns against current returns
Autocorrelation, which is Melcor Developments 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 Melcor Developments' stock expected returns. We can calculate the autocorrelation of Melcor Developments returns to help us make a trade decision. For example, suppose you find that Melcor Developments 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 |
Melcor Developments 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 Melcor Developments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melcor Developments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melcor Developments stock over time.
Current vs Lagged Prices |
| Timeline |
Melcor Developments Lagged Returns
When evaluating Melcor Developments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melcor Developments stock have on its future price. Melcor Developments 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, Melcor Developments autocorrelation shows the relationship between Melcor Developments stock current value and its past values and can show if there is a momentum factor associated with investing in Melcor Developments.
Regressed Prices |
| Timeline |
Pair Trading with Melcor Developments
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 Melcor Developments 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 Melcor Developments will appreciate offsetting losses from the drop in the long position's value.Moving together with Melcor Stock
The ability to find closely correlated positions to Melcor Developments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Melcor Developments 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 Melcor Developments - 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 Melcor Developments to buy it.
The correlation of Melcor Developments 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 Melcor Developments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Melcor Developments 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 Melcor Developments 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 Melcor Stock
Melcor Developments financial ratios help investors to determine whether Melcor 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 Melcor with respect to the benefits of owning Melcor Developments security.