Midway (Australia) Market Value
| MWY Stock | 1.25 0.00 0.00% |
| Symbol | Midway |
Midway '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 Midway'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 Midway.
| 10/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Midway on October 4, 2024 and sell it all today you would earn a total of 0.00 from holding Midway or generate 0.0% return on investment in Midway over 60 days. Midway is related to or competes with Microequities Asset, Australian Agricultural, Platinum Asset, Magellan Financial, Cleanaway Waste, and Dicker Data. Midway is entity of Australia. It is traded as Stock on AU exchange. More
Midway 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 Midway'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 Midway upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.89 | |||
| Information Ratio | 0.0632 | |||
| Maximum Drawdown | 61.84 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 5.49 |
Midway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midway's standard deviation. In reality, there are many statistical measures that can use Midway historical prices to predict the future Midway's volatility.| Risk Adjusted Performance | 0.0689 | |||
| Jensen Alpha | 0.548 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.1065 | |||
| Treynor Ratio | 0.833 |
Midway Backtested Returns
Midway appears to be abnormally volatile, given 3 months investment horizon. Midway has Sharpe Ratio of 0.0908, which conveys that the firm had a 0.0908% return per unit of risk over the last 3 months. By analyzing Midway's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please exercise Midway's Mean Deviation of 2.98, downside deviation of 4.89, and Risk Adjusted Performance of 0.0689 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Midway holds a performance score of 7. The company secures a Beta (Market Risk) of 0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Midway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Midway is expected to be smaller as well. Please check Midway's total risk alpha, value at risk, and the relationship between the information ratio and treynor ratio , to make a quick decision on whether Midway's current price movements will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Midway has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Midway time series from 4th of October 2024 to 3rd of November 2024 and 3rd of November 2024 to 3rd 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 Midway price movement. The serial correlation of -0.76 indicates that around 76.0% of current Midway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Midway lagged returns against current returns
Autocorrelation, which is Midway 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 Midway's stock expected returns. We can calculate the autocorrelation of Midway returns to help us make a trade decision. For example, suppose you find that Midway 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 |
Midway 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 Midway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midway stock over time.
Current vs Lagged Prices |
| Timeline |
Midway Lagged Returns
When evaluating Midway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midway stock have on its future price. Midway 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, Midway autocorrelation shows the relationship between Midway stock current value and its past values and can show if there is a momentum factor associated with investing in Midway.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Midway Stock Analysis
When running Midway's price analysis, check to measure Midway's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Midway is operating at the current time. Most of Midway's value examination focuses on studying past and present price action to predict the probability of Midway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midway's price. Additionally, you may evaluate how the addition of Midway to your portfolios can decrease your overall portfolio volatility.