Millenium Hotels (Spain) Market Value
| YMHRE Stock | 2.72 0.88 24.44% |
| Symbol | Millenium |
Millenium Hotels '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 Millenium Hotels' stock 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 Millenium Hotels.
| 02/18/2024 |
| 05/18/2024 |
If you would invest 0.00 in Millenium Hotels on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Millenium Hotels Real or generate 0.0% return on investment in Millenium Hotels over 90 days.
Millenium Hotels 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 Millenium Hotels' stock 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 Millenium Hotels Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 55.17 |
Millenium Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millenium Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Millenium Hotels' standard deviation. In reality, there are many statistical measures that can use Millenium Hotels historical prices to predict the future Millenium Hotels' volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | 0.1991 | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 0.0263 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Millenium Hotels' 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Millenium Hotels. Your research has to be compared to or analyzed against Millenium Hotels' peers to derive any actionable benefits. When done correctly, Millenium Hotels' 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 Millenium Hotels Real.
Millenium Hotels Real Backtested Returns
Millenium Hotels Real has Sharpe Ratio of -0.0087, which conveys that the firm had a -0.0087% return per unit of risk over the last 3 months. Millenium Hotels exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Millenium Hotels' Standard Deviation of 8.69, mean deviation of 1.81, and Risk Adjusted Performance of 0.0044 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -3.16, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Millenium Hotels are expected to decrease by larger amounts. On the other hand, during market turmoil, Millenium Hotels is expected to outperform it. Millenium Hotels Real has an expected return of -0.0779%. Please make sure to verify Millenium Hotels Real jensen alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Millenium Hotels Real performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Millenium Hotels Real has no correlation between past and present. Overlapping area represents the amount of predictability between Millenium Hotels time series from 18th of February 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of May 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 Millenium Hotels Real price movement. The serial correlation of 0.0 indicates that just 0.0% of current Millenium Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Millenium Hotels Real lagged returns against current returns
Autocorrelation, which is Millenium Hotels stock'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 Millenium Hotels' stock expected returns. We can calculate the autocorrelation of Millenium Hotels returns to help us make a trade decision. For example, suppose you find that Millenium Hotels has exhibited high autocorrelation historically, and you observe that the stock 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 |
Millenium Hotels 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 Millenium Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Millenium Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Millenium Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Millenium Hotels Lagged Returns
When evaluating Millenium Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Millenium Hotels stock have on its future price. Millenium Hotels 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, Millenium Hotels autocorrelation shows the relationship between Millenium Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Millenium Hotels Real.
Regressed Prices |
| Timeline |
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Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Millenium Hotels Real information on this page should be used as a complementary analysis to other Millenium Hotels' 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Millenium Stock analysis
When running Millenium Hotels' price analysis, check to measure Millenium Hotels' 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 Millenium Hotels is operating at the current time. Most of Millenium Hotels' value examination focuses on studying past and present price action to predict the probability of Millenium Hotels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millenium Hotels' price. Additionally, you may evaluate how the addition of Millenium Hotels to your portfolios can decrease your overall portfolio volatility.
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Millenium Hotels technical stock 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, stock market cycles, or different charting patterns.