Meiji Holdings Co Stock Market Value

MEJHY Stock  USD 11.37  0.01  0.09%   
Meiji Holdings' market value is the price at which a share of Meiji Holdings trades on a public exchange. It measures the collective expectations of Meiji Holdings Co investors about its performance. Meiji Holdings is trading at 11.37 as of the 28th of March 2024; that is 0.09% increase since the beginning of the trading day. The stock's open price was 11.36.
With this module, you can estimate the performance of a buy and hold strategy of Meiji Holdings Co and determine expected loss or profit from investing in Meiji Holdings over a given investment horizon. Check out Meiji Holdings Correlation, Meiji Holdings Volatility and Meiji Holdings Alpha and Beta module to complement your research on Meiji Holdings.
Symbol

Please note, there is a significant difference between Meiji Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Meiji Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meiji Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Meiji Holdings '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 Meiji Holdings' 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 Meiji Holdings.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Meiji Holdings on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Meiji Holdings Co or generate 0.0% return on investment in Meiji Holdings over 30 days. Meiji Holdings is related to or competes with Kraft Heinz, General Mills, Danone PK, McCormick Company, and Kellanova. Meiji Holdings Co., Ltd., through its subsidiaries, manufactures and sells dairy products, confectioneries, nutritional ... More

Meiji Holdings 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 Meiji Holdings' 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 Meiji Holdings Co upside and downside potential and time the market with a certain degree of confidence.

Meiji Holdings Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Meiji Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meiji Holdings' standard deviation. In reality, there are many statistical measures that can use Meiji Holdings historical prices to predict the future Meiji Holdings' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meiji Holdings' 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.
Hype
Prediction
LowEstimatedHigh
9.3311.3713.41
Details
Intrinsic
Valuation
LowRealHigh
8.5210.5612.60
Details
Naive
Forecast
LowNextHigh
9.0811.1213.16
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.3611.3711.38
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Meiji Holdings. Your research has to be compared to or analyzed against Meiji Holdings' peers to derive any actionable benefits. When done correctly, Meiji Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Meiji Holdings.

Meiji Holdings Backtested Returns

Meiji Holdings has Sharpe Ratio of -0.0319, which conveys that the firm had a -0.0319% return per unit of risk over the last 3 months. Meiji Holdings exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meiji Holdings' Mean Deviation of 1.41, downside deviation of 1.98, and Risk Adjusted Performance of 0.0119 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Meiji Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Meiji Holdings is expected to be smaller as well. Meiji Holdings has an expected return of -0.0652%. Please make sure to verify Meiji Holdings Co treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if Meiji Holdings performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.54  

Modest predictability

Meiji Holdings Co has modest predictability. Overlapping area represents the amount of predictability between Meiji Holdings time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Meiji Holdings price movement. The serial correlation of 0.54 indicates that about 54.0% of current Meiji Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient0.54
Spearman Rank Test-0.01
Residual Average0.0
Price Variance0.02

Meiji Holdings lagged returns against current returns

Autocorrelation, which is Meiji Holdings 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 Meiji Holdings' pink sheet expected returns. We can calculate the autocorrelation of Meiji Holdings returns to help us make a trade decision. For example, suppose you find that Meiji Holdings 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  

Meiji Holdings 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 Meiji Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meiji Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meiji Holdings pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Meiji Holdings Lagged Returns

When evaluating Meiji Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meiji Holdings pink sheet have on its future price. Meiji Holdings 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, Meiji Holdings autocorrelation shows the relationship between Meiji Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Meiji Holdings Co.
   Regressed Prices   
       Timeline  

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Check out Meiji Holdings Correlation, Meiji Holdings Volatility and Meiji Holdings Alpha and Beta module to complement your research on Meiji Holdings.
Note that the Meiji Holdings information on this page should be used as a complementary analysis to other Meiji Holdings' 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for Meiji Pink Sheet analysis

When running Meiji Holdings' price analysis, check to measure Meiji Holdings' 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 Meiji Holdings is operating at the current time. Most of Meiji Holdings' value examination focuses on studying past and present price action to predict the probability of Meiji Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meiji Holdings' price. Additionally, you may evaluate how the addition of Meiji Holdings to your portfolios can decrease your overall portfolio volatility.
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Meiji Holdings 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.
A focus of Meiji Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Meiji Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...