A1ME34 (Brazil) Market Value

A1ME34 Stock  BRL 46.30  0.25  0.54%   
A1ME34's market value is the price at which a share of A1ME34 trades on a public exchange. It measures the collective expectations of A1ME34 investors about its performance. A1ME34 is trading at 46.30 as of the 22nd of December 2024, a 0.54% down since the beginning of the trading day. The stock's open price was 46.55.
With this module, you can estimate the performance of a buy and hold strategy of A1ME34 and determine expected loss or profit from investing in A1ME34 over a given investment horizon. Check out A1ME34 Correlation, A1ME34 Volatility and A1ME34 Alpha and Beta module to complement your research on A1ME34.
Symbol

Please note, there is a significant difference between A1ME34's value and its price as these two are different measures arrived at by different means. Investors typically determine if A1ME34 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, A1ME34'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.

A1ME34 '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 A1ME34'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 A1ME34.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in A1ME34 on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding A1ME34 or generate 0.0% return on investment in A1ME34 over 720 days. A1ME34 is related to or competes with Honeywell International, General Electric, Eaton Plc, C1MI34, Otis Worldwide, ARNC34, and Aeris Indstria. AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide More

A1ME34 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 A1ME34'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 A1ME34 upside and downside potential and time the market with a certain degree of confidence.

A1ME34 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for A1ME34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A1ME34's standard deviation. In reality, there are many statistical measures that can use A1ME34 historical prices to predict the future A1ME34's volatility.
Hype
Prediction
LowEstimatedHigh
44.2746.3048.33
Details
Intrinsic
Valuation
LowRealHigh
41.6752.9354.96
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as A1ME34. Your research has to be compared to or analyzed against A1ME34's peers to derive any actionable benefits. When done correctly, A1ME34's 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 A1ME34.

A1ME34 Backtested Returns

A1ME34 appears to be very steady, given 3 months investment horizon. A1ME34 secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for A1ME34, which you can use to evaluate the volatility of the entity. Please makes use of A1ME34's Mean Deviation of 0.9848, downside deviation of 1.61, and Coefficient Of Variation of 675.48 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, A1ME34 holds a performance score of 12. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, A1ME34's returns are expected to increase less than the market. However, during the bear market, the loss of holding A1ME34 is expected to be smaller as well. Please check A1ME34's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether A1ME34's price patterns will revert.

Auto-correlation

    
  0.22  

Weak predictability

A1ME34 has weak predictability. Overlapping area represents the amount of predictability between A1ME34 time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 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 A1ME34 price movement. The serial correlation of 0.22 indicates that over 22.0% of current A1ME34 price fluctuation can be explain by its past prices.
Correlation Coefficient0.22
Spearman Rank Test0.41
Residual Average0.0
Price Variance14.48

A1ME34 lagged returns against current returns

Autocorrelation, which is A1ME34 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 A1ME34's stock expected returns. We can calculate the autocorrelation of A1ME34 returns to help us make a trade decision. For example, suppose you find that A1ME34 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  

A1ME34 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 A1ME34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A1ME34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A1ME34 stock over time.
   Current vs Lagged Prices   
       Timeline  

A1ME34 Lagged Returns

When evaluating A1ME34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A1ME34 stock have on its future price. A1ME34 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, A1ME34 autocorrelation shows the relationship between A1ME34 stock current value and its past values and can show if there is a momentum factor associated with investing in A1ME34.
   Regressed Prices   
       Timeline  

Also Currently Popular

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.

Other Information on Investing in A1ME34 Stock

A1ME34 financial ratios help investors to determine whether A1ME34 Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in A1ME34 with respect to the benefits of owning A1ME34 security.