Mangels Industrial (Brazil) Market Value
| MGEL4 Preferred Stock | BRL 6.55 0.04 0.61% |
| Symbol | Mangels |
Mangels Industrial '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 Mangels Industrial's preferred 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 Mangels Industrial.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mangels Industrial on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mangels Industrial SA or generate 0.0% return on investment in Mangels Industrial over 30 days. Mangels Industrial is related to or competes with Inepar SA, Lupatech, Rossi Residencial, Fras Le, Energisa, BTG Pactual, and Procter Gamble. Mangels Industrial S.A. primarily produces and sells aluminum wheels for the automotive industry in Brazil and internati... More
Mangels Industrial 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 Mangels Industrial's preferred 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 Mangels Industrial SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 21.44 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 1.4 |
Mangels Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mangels Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mangels Industrial's standard deviation. In reality, there are many statistical measures that can use Mangels Industrial historical prices to predict the future Mangels Industrial's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (1.32) | |||
| Treynor Ratio | (1.54) |
Mangels Industrial Backtested Returns
Mangels Industrial has Sharpe Ratio of -0.25, which conveys that the firm had a -0.25% return per unit of risk over the last 3 months. Mangels Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mangels Industrial's Standard Deviation of 3.05, mean deviation of 1.89, and Risk Adjusted Performance of (0.19) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mangels Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mangels Industrial is expected to be smaller as well. At this point, Mangels Industrial has a negative expected return of -0.77%. Please make sure to verify Mangels Industrial's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Mangels Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Mangels Industrial SA has very good predictability. Overlapping area represents the amount of predictability between Mangels Industrial time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Mangels Industrial price movement. The serial correlation of 0.85 indicates that around 85.0% of current Mangels Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Mangels Industrial lagged returns against current returns
Autocorrelation, which is Mangels Industrial preferred 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 Mangels Industrial's preferred stock expected returns. We can calculate the autocorrelation of Mangels Industrial returns to help us make a trade decision. For example, suppose you find that Mangels Industrial has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Mangels Industrial 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 Mangels Industrial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mangels Industrial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mangels Industrial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Mangels Industrial Lagged Returns
When evaluating Mangels Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mangels Industrial preferred stock have on its future price. Mangels Industrial 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, Mangels Industrial autocorrelation shows the relationship between Mangels Industrial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Mangels Industrial SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Mangels Preferred Stock Analysis
When running Mangels Industrial's price analysis, check to measure Mangels Industrial'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 Mangels Industrial is operating at the current time. Most of Mangels Industrial's value examination focuses on studying past and present price action to predict the probability of Mangels Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mangels Industrial's price. Additionally, you may evaluate how the addition of Mangels Industrial to your portfolios can decrease your overall portfolio volatility.