Mitie Group (Germany) Market Value

MTO Stock  EUR 1,175  1.00  0.09%   
Mitie Group's market value is the price at which a share of Mitie Group trades on a public exchange. It measures the collective expectations of Mitie Group PLC investors about its performance. Mitie Group is trading at 1175.00 as of the 2nd of December 2024. This is a 0.09 percent decrease since the beginning of the trading day. The stock's lowest day price was 1175.0.
With this module, you can estimate the performance of a buy and hold strategy of Mitie Group PLC and determine expected loss or profit from investing in Mitie Group over a given investment horizon. Check out Mitie Group Correlation, Mitie Group Volatility and Mitie Group Alpha and Beta module to complement your research on Mitie Group.
Symbol

Please note, there is a significant difference between Mitie Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitie Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitie Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Mitie Group '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 Mitie Group'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 Mitie Group.
0.00
04/06/2024
No Change 0.00  0.0 
In 7 months and 29 days
12/02/2024
0.00
If you would invest  0.00  in Mitie Group on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Mitie Group PLC or generate 0.0% return on investment in Mitie Group over 240 days. Mitie Group is related to or competes with SINGAPORE AIRLINES, AEGEAN AIRLINES, AECOM TECHNOLOGY, Casio Computer, Chesapeake Utilities, Check Point, and JAPAN AIRLINES. Mettler-Toledo International Inc. manufactures and supplies precision instruments and services worldwide More

Mitie Group 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 Mitie Group'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 Mitie Group PLC upside and downside potential and time the market with a certain degree of confidence.

Mitie Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitie Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitie Group's standard deviation. In reality, there are many statistical measures that can use Mitie Group historical prices to predict the future Mitie Group's volatility.
Hype
Prediction
LowEstimatedHigh
1,1731,1751,177
Details
Intrinsic
Valuation
LowRealHigh
1,0041,0061,292
Details
Naive
Forecast
LowNextHigh
1,1631,1651,167
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1,1611,1721,182
Details

Mitie Group PLC Backtested Returns

Mitie Group PLC has Sharpe Ratio of -0.0561, which conveys that the firm had a -0.0561% return per unit of risk over the last 3 months. Mitie Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitie Group's Standard Deviation of 2.13, risk adjusted performance of (0.04), and Mean Deviation of 1.46 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mitie Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitie Group is expected to be smaller as well. At this point, Mitie Group PLC has a negative expected return of -0.12%. Please make sure to verify Mitie Group's potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Mitie Group PLC performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.08  

Very weak reverse predictability

Mitie Group PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Mitie Group time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 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 Mitie Group PLC price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Mitie Group price fluctuation can be explain by its past prices.
Correlation Coefficient-0.08
Spearman Rank Test-0.49
Residual Average0.0
Price Variance3653.56

Mitie Group PLC lagged returns against current returns

Autocorrelation, which is Mitie Group 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 Mitie Group's stock expected returns. We can calculate the autocorrelation of Mitie Group returns to help us make a trade decision. For example, suppose you find that Mitie Group 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  

Mitie Group 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 Mitie Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitie Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitie Group stock over time.
   Current vs Lagged Prices   
       Timeline  

Mitie Group Lagged Returns

When evaluating Mitie Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitie Group stock have on its future price. Mitie Group 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, Mitie Group autocorrelation shows the relationship between Mitie Group stock current value and its past values and can show if there is a momentum factor associated with investing in Mitie Group PLC.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Mitie Stock

Mitie Group financial ratios help investors to determine whether Mitie 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 Mitie with respect to the benefits of owning Mitie Group security.