Meituan Adr Stock Market Value
| MPNGY Stock | USD 29.41 0.84 2.94% |
| Symbol | Meituan |
Meituan ADR '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 Meituan ADR's pink sheet 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 Meituan ADR.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in Meituan ADR on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Meituan ADR or generate 0.0% return on investment in Meituan ADR over 30 days. Meituan ADR is related to or competes with BoohooCom PLC, AKA Brands, ASOS Plc, Hour Loop, Etsy, Chewy, and Pinduoduo. Meituan operates an e-commerce platform for various services More
Meituan ADR 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 Meituan ADR's pink sheet 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 Meituan ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | 0.1984 | |||
| Maximum Drawdown | 16.98 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 6.29 |
Meituan ADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meituan ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meituan ADR's standard deviation. In reality, there are many statistical measures that can use Meituan ADR historical prices to predict the future Meituan ADR's volatility.| Risk Adjusted Performance | 0.148 | |||
| Jensen Alpha | 0.617 | |||
| Total Risk Alpha | 0.328 | |||
| Sortino Ratio | 0.2399 | |||
| Treynor Ratio | 0.399 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meituan ADR'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.
Meituan ADR Backtested Returns
Meituan ADR appears to be not too volatile, given 3 months investment horizon. Meituan ADR has Sharpe Ratio of 0.27, which conveys that the firm had a 0.27% return per unit of risk over the last 3 months. By analyzing Meituan ADR's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please exercise Meituan ADR's Mean Deviation of 2.65, downside deviation of 2.88, and Risk Adjusted Performance of 0.148 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meituan ADR holds a performance score of 21. The company secures a Beta (Market Risk) of 1.93, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Meituan ADR will likely underperform. Please check Meituan ADR's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Meituan ADR's current price movements will revert.
Auto-correlation | 0.39 |
Below average predictability
Meituan ADR has below average predictability. Overlapping area represents the amount of predictability between Meituan ADR time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 Meituan ADR price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Meituan ADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 3.73 |
Meituan ADR lagged returns against current returns
Autocorrelation, which is Meituan ADR pink sheet'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 Meituan ADR's pink sheet expected returns. We can calculate the autocorrelation of Meituan ADR returns to help us make a trade decision. For example, suppose you find that Meituan ADR has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Meituan ADR 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 Meituan ADR pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meituan ADR pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meituan ADR pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Meituan ADR Lagged Returns
When evaluating Meituan ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meituan ADR pink sheet have on its future price. Meituan ADR 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, Meituan ADR autocorrelation shows the relationship between Meituan ADR pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Meituan ADR.
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 Meituan ADR 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, Meituan ADR's short interest history, or implied volatility extrapolated from Meituan ADR options trading.
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Try AI Portfolio ArchitectCheck out Meituan ADR Correlation, Meituan ADR Volatility and Meituan ADR Alpha and Beta module to complement your research on Meituan ADR. Note that the Meituan ADR information on this page should be used as a complementary analysis to other Meituan ADR's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Meituan Pink Sheet analysis
When running Meituan ADR's price analysis, check to measure Meituan ADR'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 Meituan ADR is operating at the current time. Most of Meituan ADR's value examination focuses on studying past and present price action to predict the probability of Meituan ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meituan ADR's price. Additionally, you may evaluate how the addition of Meituan ADR to your portfolios can decrease your overall portfolio volatility.
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Meituan ADR technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.