I was able to grab the following statistical info. This security by itself only has a correlation of 0.049 with the ASX300, saying that it is uncorrelated. In general, any daily movement of the ASX300 is not reflected in the price of MCL. Longer term, however, it moves half as much as the index. This is based on historical figures only.
Portfolio Portfolio Benchmark Active Portfolio
Name MCL S&P_ASX_300_20070926
Total Volatility 96.68 % 11.00 % 96.77 %
Systematic Volatility 30.89 % 10.74 % 31.08 %
Specific Volatility 91.61 % 2.36 % 91.64 %
Total TaR (68 %, 1 year) 106.77 % 19.21 % 106.97 %
Total VaR (68 %, 1 year) 4,594.54 0.05 4,598.83
Total Beta to Benchmark 0.428 -0.572
Total Correlation to Benchmark 0.049 -0.065
Value Style Score -70.09 % 0.91 % -71.00 %
Growth Style Score 23.73 % -0.77 % 24.50 %
Momentum Style Score 216.69 % 4.26 % 212.43 %
Size Style Score -205.81 % 6.00 % -211.81 %
You’ll notice that it is VERY negative value, indicating that it currently isn’t cheap and doesn’t pay dividends. It does, however, have positive growth, and a HUGE momentum score. This indicates that if the price starts going up it continues to do so for a while, but the same is true for price going down. Obviously news releases from the company will effect this.
I’ll grab the financial reports and have a look, and see if there is consistent earnings, profits, etc.
cheers for now
MCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
