Miko NV (Belgium) Market Value
MIKO Stock | EUR 59.00 1.20 2.08% |
Symbol | Miko |
Miko NV '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 Miko NV'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 Miko NV.
05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in Miko NV on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding Miko NV or generate 0.0% return on investment in Miko NV over 720 days. Miko NV is related to or competes with Tubize Fin, Tessenderlo, Sipef NV, Lotus Bakeries, and Van De. Miko NV, together with its subsidiaries, produces and distributes coffee and plastic packaging products More
Miko NV 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 Miko NV'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 Miko NV upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.45 | |||
Information Ratio | 0.0196 | |||
Maximum Drawdown | 25.45 | |||
Value At Risk | (3.82) | |||
Potential Upside | 4.33 |
Miko NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miko NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Miko NV's standard deviation. In reality, there are many statistical measures that can use Miko NV historical prices to predict the future Miko NV's volatility.Risk Adjusted Performance | 0.0367 | |||
Jensen Alpha | 0.168 | |||
Total Risk Alpha | (0.29) | |||
Sortino Ratio | 0.0274 | |||
Treynor Ratio | (0.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Miko NV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Miko NV Backtested Returns
Miko NV appears to be very steady, given 3 months investment horizon. Miko NV has Sharpe Ratio of 0.0567, which conveys that the firm had a 0.0567% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Miko NV, which you can use to evaluate the volatility of the firm. Please exercise Miko NV's Risk Adjusted Performance of 0.0367, mean deviation of 1.84, and Downside Deviation of 2.45 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Miko NV holds a performance score of 4. The company secures a Beta (Market Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Miko NV are expected to decrease at a much lower rate. During the bear market, Miko NV is likely to outperform the market. Please check Miko NV's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Miko NV's current price movements will revert.
Auto-correlation | 0.91 |
Excellent predictability
Miko NV has excellent predictability. Overlapping area represents the amount of predictability between Miko NV time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th of April 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 Miko NV price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Miko NV price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.91 | |
Spearman Rank Test | 0.87 | |
Residual Average | 0.0 | |
Price Variance | 96.52 |
Miko NV lagged returns against current returns
Autocorrelation, which is Miko NV 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 Miko NV's stock expected returns. We can calculate the autocorrelation of Miko NV returns to help us make a trade decision. For example, suppose you find that Miko NV 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 |
Miko NV 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 Miko NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Miko NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Miko NV stock over time.
Current vs Lagged Prices |
Timeline |
Miko NV Lagged Returns
When evaluating Miko NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Miko NV stock have on its future price. Miko NV 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, Miko NV autocorrelation shows the relationship between Miko NV stock current value and its past values and can show if there is a momentum factor associated with investing in Miko NV.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Miko NV in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Miko NV's short interest history, or implied volatility extrapolated from Miko NV options trading.
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Complementary Tools for Miko Stock analysis
When running Miko NV's price analysis, check to measure Miko NV'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 Miko NV is operating at the current time. Most of Miko NV's value examination focuses on studying past and present price action to predict the probability of Miko NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miko NV's price. Additionally, you may evaluate how the addition of Miko NV to your portfolios can decrease your overall portfolio volatility.
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