MIRAIT ONE (Germany) Market Value
| 5FO Stock | EUR 14.90 0.20 1.32% |
| Symbol | MIRAIT |
MIRAIT ONE '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 MIRAIT ONE'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 MIRAIT ONE.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in MIRAIT ONE on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding MIRAIT ONE P or generate 0.0% return on investment in MIRAIT ONE over 90 days. MIRAIT ONE is related to or competes with Honeywell International, Mitsubishi, Hitachi, ITOCHU, CITIC, CITIC, and CK Hutchison. MIRAIT Holdings Corporation engages in the telecommunications engineering, electrical, civil engineering, and constructi... More
MIRAIT ONE 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 MIRAIT ONE'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 MIRAIT ONE P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.0786 | |||
| Maximum Drawdown | 6.07 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.26 |
MIRAIT ONE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MIRAIT ONE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MIRAIT ONE's standard deviation. In reality, there are many statistical measures that can use MIRAIT ONE historical prices to predict the future MIRAIT ONE's volatility.| Risk Adjusted Performance | 0.1821 | |||
| Jensen Alpha | 0.233 | |||
| Total Risk Alpha | 0.0547 | |||
| Sortino Ratio | 0.0629 | |||
| Treynor Ratio | (5.91) |
MIRAIT ONE P Backtested Returns
MIRAIT ONE appears to be very steady, given 3 months investment horizon. MIRAIT ONE P has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MIRAIT ONE, which you can use to evaluate the volatility of the firm. Please exercise MIRAIT ONE's mean deviation of 0.981, and Risk Adjusted Performance of 0.1821 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MIRAIT ONE holds a performance score of 12. The company secures a Beta (Market Risk) of -0.0386, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MIRAIT ONE are expected to decrease at a much lower rate. During the bear market, MIRAIT ONE is likely to outperform the market. Please check MIRAIT ONE's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether MIRAIT ONE's current price movements will revert.
Auto-correlation | 0.05 |
Virtually no predictability
MIRAIT ONE P has virtually no predictability. Overlapping area represents the amount of predictability between MIRAIT ONE time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MIRAIT ONE P price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current MIRAIT ONE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
MIRAIT ONE P lagged returns against current returns
Autocorrelation, which is MIRAIT ONE 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 MIRAIT ONE's stock expected returns. We can calculate the autocorrelation of MIRAIT ONE returns to help us make a trade decision. For example, suppose you find that MIRAIT ONE 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 |
MIRAIT ONE 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 MIRAIT ONE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MIRAIT ONE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MIRAIT ONE stock over time.
Current vs Lagged Prices |
| Timeline |
MIRAIT ONE Lagged Returns
When evaluating MIRAIT ONE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MIRAIT ONE stock have on its future price. MIRAIT ONE 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, MIRAIT ONE autocorrelation shows the relationship between MIRAIT ONE stock current value and its past values and can show if there is a momentum factor associated with investing in MIRAIT ONE P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MIRAIT Stock
MIRAIT ONE financial ratios help investors to determine whether MIRAIT 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 MIRAIT with respect to the benefits of owning MIRAIT ONE security.