Mitsubishi Heavy Industries Stock Market Value
| MHVYF Stock | USD 8.81 0.32 3.50% |
| Symbol | Mitsubishi |
Mitsubishi Heavy '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 Mitsubishi Heavy'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 Mitsubishi Heavy.
| 02/18/2024 |
| 04/18/2024 |
If you would invest 0.00 in Mitsubishi Heavy on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Mitsubishi Heavy Industries or generate 0.0% return on investment in Mitsubishi Heavy over 60 days. Mitsubishi Heavy is related to or competes with GE Aerospace, Eaton PLC, Illinois Tool, Parker Hannifin, and Emerson Electric. Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide More
Mitsubishi Heavy 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 Mitsubishi Heavy'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 Mitsubishi Heavy Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 56.24 | |||
| Information Ratio | 0.349 | |||
| Maximum Drawdown | 996.78 | |||
| Value At Risk | (89.97) | |||
| Potential Upside | 905.94 |
Mitsubishi Heavy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsubishi Heavy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsubishi Heavy's standard deviation. In reality, there are many statistical measures that can use Mitsubishi Heavy historical prices to predict the future Mitsubishi Heavy's volatility.| Risk Adjusted Performance | 0.2301 | |||
| Jensen Alpha | 110.64 | |||
| Total Risk Alpha | 88.52 | |||
| Sortino Ratio | 1.98 | |||
| Treynor Ratio | 5.44 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitsubishi Heavy'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.
Mitsubishi Heavy Ind Backtested Returns
Mitsubishi Heavy is out of control given 3 months investment horizon. Mitsubishi Heavy Ind has Sharpe Ratio of 0.31, which conveys that the firm had a 0.31% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 90.94% are justified by taking the suggested risk. Use Mitsubishi Heavy Ind Downside Deviation of 56.24, risk adjusted performance of 0.2301, and Mean Deviation of 216.63 to evaluate company specific risk that cannot be diversified away. Mitsubishi Heavy holds a performance score of 24 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 20.5, 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, Mitsubishi Heavy will likely underperform. Use Mitsubishi Heavy Ind potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Mitsubishi Heavy Ind.
Auto-correlation | -0.28 |
Weak reverse predictability
Mitsubishi Heavy Industries has weak reverse predictability. Overlapping area represents the amount of predictability between Mitsubishi Heavy time series from 18th of February 2024 to 19th of March 2024 and 19th of March 2024 to 18th 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 Mitsubishi Heavy Ind price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Mitsubishi Heavy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Mitsubishi Heavy Ind lagged returns against current returns
Autocorrelation, which is Mitsubishi Heavy 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 Mitsubishi Heavy's pink sheet expected returns. We can calculate the autocorrelation of Mitsubishi Heavy returns to help us make a trade decision. For example, suppose you find that Mitsubishi Heavy 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 |
Mitsubishi Heavy 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 Mitsubishi Heavy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsubishi Heavy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsubishi Heavy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Mitsubishi Heavy Lagged Returns
When evaluating Mitsubishi Heavy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsubishi Heavy pink sheet have on its future price. Mitsubishi Heavy 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, Mitsubishi Heavy autocorrelation shows the relationship between Mitsubishi Heavy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mitsubishi Heavy Industries.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Mitsubishi Heavy Correlation, Mitsubishi Heavy Volatility and Mitsubishi Heavy Alpha and Beta module to complement your research on Mitsubishi Heavy. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Mitsubishi Pink Sheet analysis
When running Mitsubishi Heavy's price analysis, check to measure Mitsubishi Heavy'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 Mitsubishi Heavy is operating at the current time. Most of Mitsubishi Heavy's value examination focuses on studying past and present price action to predict the probability of Mitsubishi Heavy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitsubishi Heavy's price. Additionally, you may evaluate how the addition of Mitsubishi Heavy to your portfolios can decrease your overall portfolio volatility.
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |
Mitsubishi Heavy 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.