METAIR INVTS (Germany) Market Value
| M4HA Stock | 0.57 0.03 5.56% |
| Symbol | METAIR |
METAIR INVTS '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 METAIR INVTS'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 METAIR INVTS.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in METAIR INVTS on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding METAIR INVTS LTD or generate 0.0% return on investment in METAIR INVTS over 30 days. METAIR INVTS is related to or competes with Dno ASA, DENSO P, Aptiv PLC, PT Astra, Magna International, LKQ, and Continental Aktiengesellscha. More
METAIR INVTS 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 METAIR INVTS'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 METAIR INVTS LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.91 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 5.56 |
METAIR INVTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for METAIR INVTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as METAIR INVTS's standard deviation. In reality, there are many statistical measures that can use METAIR INVTS historical prices to predict the future METAIR INVTS's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (1.01) |
METAIR INVTS LTD Backtested Returns
METAIR INVTS LTD has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of standard deviation over the last 3 months. METAIR INVTS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify METAIR INVTS's Market Risk Adjusted Performance of (1.00), risk adjusted performance of (0.1), and Mean Deviation of 2.28 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, METAIR INVTS's returns are expected to increase less than the market. However, during the bear market, the loss of holding METAIR INVTS is expected to be smaller as well. At this point, METAIR INVTS LTD has a negative expected return of -0.35%. Please make sure to verify METAIR INVTS's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if METAIR INVTS LTD performance from the past will be repeated at future time.
Auto-correlation | 0.02 |
Virtually no predictability
METAIR INVTS LTD has virtually no predictability. Overlapping area represents the amount of predictability between METAIR INVTS time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 METAIR INVTS LTD price movement. The serial correlation of 0.02 indicates that only 2.0% of current METAIR INVTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
METAIR INVTS LTD lagged returns against current returns
Autocorrelation, which is METAIR INVTS 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 METAIR INVTS's stock expected returns. We can calculate the autocorrelation of METAIR INVTS returns to help us make a trade decision. For example, suppose you find that METAIR INVTS 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 |
METAIR INVTS 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 METAIR INVTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if METAIR INVTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in METAIR INVTS stock over time.
Current vs Lagged Prices |
| Timeline |
METAIR INVTS Lagged Returns
When evaluating METAIR INVTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of METAIR INVTS stock have on its future price. METAIR INVTS 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, METAIR INVTS autocorrelation shows the relationship between METAIR INVTS stock current value and its past values and can show if there is a momentum factor associated with investing in METAIR INVTS LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in METAIR Stock
METAIR INVTS financial ratios help investors to determine whether METAIR 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 METAIR with respect to the benefits of owning METAIR INVTS security.