MITIE GROUP (UK) Market Value

MTO
 Stock
  

GBp 62.80  1.30  2.11%   

MITIE GROUP's market value is the price at which a share of MITIE GROUP stock trades on a public exchange. It measures the collective expectations of MITIE GROUP PLC investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of MITIE GROUP PLC and determine expected loss or profit from investing in MITIE GROUP over a given investment horizon. Additionally, see MITIE GROUP Correlation, MITIE GROUP Volatility and MITIE GROUP Alpha and Beta module to complement your research on MITIE GROUP.
Symbol

Please note, there is a significant difference between MITIE GROUP's value and its price as these two are different measures arrived at by different means. Investors typically determine MITIE GROUP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MITIE GROUP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

MITIE GROUP '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 MITIE GROUP's 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 MITIE GROUP.
0.00
10/10/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/30/2022
0.00
If you would invest  0.00  in MITIE GROUP on October 10, 2020 and sell it all today you would earn a total of 0.00 from holding MITIE GROUP PLC or generate 0.0% return on investment in MITIE GROUP over 720 days. MITIE GROUP is related to or competes with GLAXOSMITHKLINE PLC. Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and inter... More

MITIE GROUP 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 MITIE GROUP's 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 MITIE GROUP PLC upside and downside potential and time the market with a certain degree of confidence.

MITIE GROUP Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MITIE GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MITIE GROUP's standard deviation. In reality, there are many statistical measures that can use MITIE GROUP historical prices to predict the future MITIE GROUP's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of MITIE GROUP'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. Please use the tools below to analyze the current value of MITIE GROUP in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
59.4161.5063.59
Details
Intrinsic
Valuation
LowReal ValueHigh
55.3564.8366.92
Details
Naive
Forecast
LowNext ValueHigh
51.4853.5755.67
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
66.6770.9175.14
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MITIE GROUP. Your research has to be compared to or analyzed against MITIE GROUP's peers to derive any actionable benefits. When done correctly, MITIE GROUP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in MITIE GROUP PLC.

MITIE GROUP PLC Backtested Returns

We consider MITIE GROUP very steady. MITIE GROUP PLC has Sharpe Ratio of 0.0674, which conveys that the firm had 0.0674% of return per unit of standard deviation over the last 3 months. Our approach into estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for MITIE GROUP, which you can use to evaluate the future volatility of the firm. Please verify MITIE GROUP PLC Market Risk Adjusted Performance of 0.1816, risk adjusted performance of 0.0556, and Mean Deviation of 1.59 to check out if the risk estimate we provide is consistent with the expected return of 0.14%.
MITIE GROUP has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.4961, which conveys possible diversification benefits within a given portfolio. Let's try to break down what MITIE's beta means in this case. As returns on the market increase, MITIE GROUP returns are expected to increase less than the market. However, during the bear market, the loss on holding MITIE GROUP will be expected to be smaller as well. Although it is important to respect MITIE GROUP PLC price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. The approach into estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting MITIE GROUP PLC technical indicators, you can now evaluate if the expected return of 0.14% will be sustainable into the future. MITIE GROUP PLC currently secures a risk of 2.11%. Please verify MITIE GROUP PLC maximum drawdown, as well as the relationship between the downside variance and skewness to decide if MITIE GROUP PLC will be following its current price movements.

Auto-correlation

    
  0.03  

Virtually no predictability

MITIE GROUP PLC has virtually no predictability. Overlapping area represents the amount of predictability between MITIE GROUP time series from 10th of October 2020 to 5th of October 2021 and 5th of October 2021 to 30th of September 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MITIE GROUP PLC price movement. The serial correlation of 0.03 indicates that only 3.0% of current MITIE GROUP price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test0.04
Residual Average0.0
Price Variance58.8

MITIE GROUP PLC lagged returns against current returns

Autocorrelation, which is MITIE GROUP 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 MITIE GROUP's stock expected returns. We can calculate the autocorrelation of MITIE GROUP returns to help us make a trade decision. For example, suppose you find that MITIE GROUP stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

MITIE GROUP 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 MITIE GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MITIE GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MITIE GROUP stock over time.
   Current vs Lagged Prices   
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       Timeline  

MITIE GROUP Lagged Returns

When evaluating MITIE GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MITIE GROUP stock have on its future price. MITIE GROUP 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, MITIE GROUP autocorrelation shows the relationship between MITIE GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in MITIE GROUP PLC.
   Regressed Prices   
Share
       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 MITIE GROUP 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, MITIE GROUP's short interest history, or implied volatility extrapolated from MITIE GROUP options trading.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as MITIE GROUP PLC using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see MITIE GROUP Correlation, MITIE GROUP Volatility and MITIE GROUP Alpha and Beta module to complement your research on MITIE GROUP. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for analysis

When running MITIE GROUP PLC price analysis, check to measure MITIE GROUP'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 MITIE GROUP is operating at the current time. Most of MITIE GROUP's value examination focuses on studying past and present price action to predict the probability of MITIE GROUP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move MITIE GROUP's price. Additionally, you may evaluate how the addition of MITIE GROUP to your portfolios can decrease your overall portfolio volatility.
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MITIE GROUP 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.
A focus of MITIE GROUP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MITIE GROUP trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...