MGM CHINA (Germany) Market Value
| M04 Stock | EUR 1.71 0.02 1.18% |
| Symbol | MGM |
MGM CHINA '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 MGM CHINA'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 MGM CHINA.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in MGM CHINA on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding MGM CHINA HLDGS or generate 0.0% return on investment in MGM CHINA over 90 days. MGM CHINA is related to or competes with CarsalesCom, SBI Insurance, QBE Insurance, Goosehead Insurance, Gruppo Mutuionline, Salesforce, and Japan Post. More
MGM CHINA 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 MGM CHINA'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 MGM CHINA HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.3511 | |||
| Maximum Drawdown | 10.32 | |||
| Potential Upside | 3.85 |
MGM CHINA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGM CHINA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGM CHINA's standard deviation. In reality, there are many statistical measures that can use MGM CHINA historical prices to predict the future MGM CHINA's volatility.| Risk Adjusted Performance | 0.4244 | |||
| Jensen Alpha | 0.6518 | |||
| Total Risk Alpha | 0.4243 | |||
| Treynor Ratio | 1.92 |
MGM CHINA HLDGS Backtested Returns
MGM CHINA appears to be relatively risky, given 3 months investment horizon. MGM CHINA HLDGS has Sharpe Ratio of 0.47, which conveys that the firm had a 0.47 % return per unit of volatility over the last 3 months. By inspecting MGM CHINA's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise MGM CHINA's risk adjusted performance of 0.4244, and Mean Deviation of 1.06 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MGM CHINA holds a performance score of 36. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MGM CHINA's returns are expected to increase less than the market. However, during the bear market, the loss of holding MGM CHINA is expected to be smaller as well. Please check MGM CHINA's treynor ratio, kurtosis, and the relationship between the total risk alpha and skewness , to make a quick decision on whether MGM CHINA's current price movements will revert.
Auto-correlation | 0.70 |
Good predictability
MGM CHINA HLDGS has good predictability. Overlapping area represents the amount of predictability between MGM CHINA time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd 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 MGM CHINA HLDGS price movement. The serial correlation of 0.7 indicates that around 70.0% of current MGM CHINA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
MGM CHINA HLDGS lagged returns against current returns
Autocorrelation, which is MGM CHINA 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 MGM CHINA's stock expected returns. We can calculate the autocorrelation of MGM CHINA returns to help us make a trade decision. For example, suppose you find that MGM CHINA 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 |
MGM CHINA 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 MGM CHINA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGM CHINA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGM CHINA stock over time.
Current vs Lagged Prices |
| Timeline |
MGM CHINA Lagged Returns
When evaluating MGM CHINA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGM CHINA stock have on its future price. MGM CHINA 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, MGM CHINA autocorrelation shows the relationship between MGM CHINA stock current value and its past values and can show if there is a momentum factor associated with investing in MGM CHINA HLDGS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for MGM Stock Analysis
When running MGM CHINA's price analysis, check to measure MGM CHINA'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 MGM CHINA is operating at the current time. Most of MGM CHINA's value examination focuses on studying past and present price action to predict the probability of MGM CHINA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM CHINA's price. Additionally, you may evaluate how the addition of MGM CHINA to your portfolios can decrease your overall portfolio volatility.