Manila Water Stock Market Value
MWTCY Stock | USD 9.00 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.
05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Manila Water on May 6, 2022 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 720 days. Manila Water is related to or competes with Essential Utilities, Anhui Conch, Endesa SA, and Enagas SA. 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.
Downside Deviation | 6.51 | |||
Information Ratio | 0.0364 | |||
Maximum Drawdown | 31.57 | |||
Value At Risk | (4.96) | |||
Potential Upside | 5.18 |
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 | 0.0462 | |||
Jensen Alpha | 0.1837 | |||
Total Risk Alpha | (0.24) | |||
Sortino Ratio | 0.0201 | |||
Treynor Ratio | 0.6477 |
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
Manila Water appears to be slightly risky, given 3 months investment horizon. Manila Water has Sharpe Ratio of 0.0608, which conveys that the firm had a 0.0608% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Manila Water, which you can use to evaluate the volatility of the firm. Please exercise Manila Water's Downside Deviation of 6.51, risk adjusted performance of 0.0462, and Mean Deviation of 1.52 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Manila Water holds a performance score of 4. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Manila Water's returns are expected to increase less than the market. However, during the bear market, the loss of holding Manila Water is expected to be smaller as well. Please check Manila Water's information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis , to make a quick decision on whether Manila Water's current price movements will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Manila Water has very weak reverse predictability. Overlapping area represents the amount of predictability between Manila Water time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 -0.06 indicates that barely 6.0% of current Manila Water price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.06 | |
Spearman Rank Test | -0.06 | |
Residual Average | 0.0 | |
Price Variance | 0.2 |
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 |
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Try AI Portfolio ArchitectCheck out Manila Water Correlation, Manila Water Volatility and Manila Water Alpha and Beta module to complement your research on Manila Water. Note that the Manila Water information on this page should be used as a complementary analysis to other Manila Water'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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.