MusicMagpie PLC (UK) Market Value
| MMAG Stock | 0.64 0.00 0.00% |
| Symbol | MusicMagpie |
MusicMagpie PLC '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 MusicMagpie PLC'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 MusicMagpie PLC.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in MusicMagpie PLC on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding musicMagpie PLC or generate 0.0% return on investment in MusicMagpie PLC over 90 days. MusicMagpie PLC is related to or competes with Molson Coors, Naked Wines, Golden Metal, Coeur Mining, Wheaton Precious, Monster Beverage, and Europa Metals. MusicMagpie PLC is entity of United Kingdom More
MusicMagpie PLC 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 MusicMagpie PLC'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 musicMagpie PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.49 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.99 |
MusicMagpie PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MusicMagpie PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MusicMagpie PLC's standard deviation. In reality, there are many statistical measures that can use MusicMagpie PLC historical prices to predict the future MusicMagpie PLC's volatility.| Risk Adjusted Performance | 0.0254 | |||
| Jensen Alpha | 0.0806 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.07) |
musicMagpie PLC Backtested Returns
musicMagpie PLC has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. MusicMagpie PLC exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MusicMagpie PLC's Market Risk Adjusted Performance of (0.06), downside deviation of 2.76, and Risk Adjusted Performance of 0.0254 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MusicMagpie PLC are expected to decrease at a much lower rate. During the bear market, MusicMagpie PLC is likely to outperform the market. At this point, musicMagpie PLC has a negative expected return of -0.0121%. Please make sure to verify MusicMagpie PLC's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if musicMagpie PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
musicMagpie PLC has very weak predictability. Overlapping area represents the amount of predictability between MusicMagpie PLC 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 musicMagpie PLC price movement. The serial correlation of 0.17 indicates that over 17.0% of current MusicMagpie PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
musicMagpie PLC lagged returns against current returns
Autocorrelation, which is MusicMagpie PLC 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 MusicMagpie PLC's stock expected returns. We can calculate the autocorrelation of MusicMagpie PLC returns to help us make a trade decision. For example, suppose you find that MusicMagpie PLC 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 |
MusicMagpie PLC 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 MusicMagpie PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MusicMagpie PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MusicMagpie PLC stock over time.
Current vs Lagged Prices |
| Timeline |
MusicMagpie PLC Lagged Returns
When evaluating MusicMagpie PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MusicMagpie PLC stock have on its future price. MusicMagpie PLC 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, MusicMagpie PLC autocorrelation shows the relationship between MusicMagpie PLC stock current value and its past values and can show if there is a momentum factor associated with investing in musicMagpie PLC.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for MusicMagpie Stock Analysis
When running MusicMagpie PLC's price analysis, check to measure MusicMagpie PLC'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 MusicMagpie PLC is operating at the current time. Most of MusicMagpie PLC's value examination focuses on studying past and present price action to predict the probability of MusicMagpie PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MusicMagpie PLC's price. Additionally, you may evaluate how the addition of MusicMagpie PLC to your portfolios can decrease your overall portfolio volatility.