Manila Water Stock Market Value
| MWTCF Stock | USD 0.34 0.00 0.00% |
| Symbol | Manila |
Manila Water '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 Manila Water'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 Manila Water.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Manila Water on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Manila Water or generate 0.0% return on investment in Manila Water over 60 days. Manila Water is related to or competes with Artesian Resources, Global Water, Essential Utilities, American Water, American States, California Water, and Consolidated Water. Manila Water Company, Inc., together with its subsidiaries, provides water treatment, water distribution, sewerage, and ... More
Manila Water 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 Manila Water'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 Manila Water upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0174 | |||
| Maximum Drawdown | 52.38 |
Manila Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manila Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manila Water's standard deviation. In reality, there are many statistical measures that can use Manila Water historical prices to predict the future Manila Water's volatility.| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | 0.1831 | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Manila Water'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.
Manila Water Backtested Returns
We consider Manila Water out of control. Manila Water has Sharpe Ratio of 0.0323, which conveys that the firm had a 0.0323% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Manila Water, which you can use to evaluate the volatility of the firm. Please verify Manila Water's Standard Deviation of 4.94, mean deviation of 1.25, and Risk Adjusted Performance of 0.0281 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Manila Water has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Manila Water are expected to decrease at a much lower rate. During the bear market, Manila Water is likely to outperform the market. Manila Water right now secures a risk of 5.09%. Please verify Manila Water information ratio and kurtosis , to decide if Manila Water will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
Manila Water has no correlation between past and present. Overlapping area represents the amount of predictability between Manila Water time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th 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 Manila Water price movement. The serial correlation of 0.0 indicates that just 0.0% of current Manila Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Manila Water lagged returns against current returns
Autocorrelation, which is Manila Water 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 Manila Water's pink sheet expected returns. We can calculate the autocorrelation of Manila Water returns to help us make a trade decision. For example, suppose you find that Manila Water 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 |
Manila Water 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 Manila Water pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manila Water pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manila Water pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Manila Water Lagged Returns
When evaluating Manila Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manila Water pink sheet have on its future price. Manila Water 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, Manila Water autocorrelation shows the relationship between Manila Water pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Manila Water.
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 Manila Water 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, Manila Water's short interest history, or implied volatility extrapolated from Manila Water options trading.
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Complementary Tools for Manila Pink Sheet analysis
When running Manila Water's price analysis, check to measure Manila Water'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 Manila Water is operating at the current time. Most of Manila Water's value examination focuses on studying past and present price action to predict the probability of Manila Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manila Water's price. Additionally, you may evaluate how the addition of Manila Water to your portfolios can decrease your overall portfolio volatility.
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Manila Water 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.