METHODE ELECTRONICS (Germany) Market Value
| ME5A Stock | EUR 10.40 0.10 0.97% |
| Symbol | METHODE |
METHODE ELECTRONICS '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 METHODE ELECTRONICS'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 METHODE ELECTRONICS.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in METHODE ELECTRONICS on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding METHODE ELECTRONICS or generate 0.0% return on investment in METHODE ELECTRONICS over 720 days. METHODE ELECTRONICS is related to or competes with TOTAL GABON, and Walgreens Boots. More
METHODE ELECTRONICS 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 METHODE ELECTRONICS'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 METHODE ELECTRONICS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.0321 | |||
| Maximum Drawdown | 16.74 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 5.39 |
METHODE ELECTRONICS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for METHODE ELECTRONICS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as METHODE ELECTRONICS's standard deviation. In reality, there are many statistical measures that can use METHODE ELECTRONICS historical prices to predict the future METHODE ELECTRONICS's volatility.| Risk Adjusted Performance | 0.062 | |||
| Jensen Alpha | 0.1157 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.2446 |
METHODE ELECTRONICS Backtested Returns
METHODE ELECTRONICS appears to be slightly risky, given 3 months investment horizon. METHODE ELECTRONICS has Sharpe Ratio of 0.081, which conveys that the firm had a 0.081% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for METHODE ELECTRONICS, which you can use to evaluate the volatility of the firm. Please exercise METHODE ELECTRONICS's Mean Deviation of 2.69, risk adjusted performance of 0.062, and Market Risk Adjusted Performance of 0.2546 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, METHODE ELECTRONICS holds a performance score of 6. The company secures a Beta (Market Risk) of 0.99, which conveys possible diversification benefits within a given portfolio. METHODE ELECTRONICS returns are very sensitive to returns on the market. As the market goes up or down, METHODE ELECTRONICS is expected to follow. Please check METHODE ELECTRONICS's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether METHODE ELECTRONICS's current price movements will revert.
Auto-correlation | 0.73 |
Good predictability
METHODE ELECTRONICS has good predictability. Overlapping area represents the amount of predictability between METHODE ELECTRONICS time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 METHODE ELECTRONICS price movement. The serial correlation of 0.73 indicates that around 73.0% of current METHODE ELECTRONICS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 15.12 |
METHODE ELECTRONICS lagged returns against current returns
Autocorrelation, which is METHODE ELECTRONICS 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 METHODE ELECTRONICS's stock expected returns. We can calculate the autocorrelation of METHODE ELECTRONICS returns to help us make a trade decision. For example, suppose you find that METHODE ELECTRONICS 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 |
METHODE ELECTRONICS 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 METHODE ELECTRONICS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if METHODE ELECTRONICS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in METHODE ELECTRONICS stock over time.
Current vs Lagged Prices |
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METHODE ELECTRONICS Lagged Returns
When evaluating METHODE ELECTRONICS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of METHODE ELECTRONICS stock have on its future price. METHODE ELECTRONICS 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, METHODE ELECTRONICS autocorrelation shows the relationship between METHODE ELECTRONICS stock current value and its past values and can show if there is a momentum factor associated with investing in METHODE ELECTRONICS.
Regressed Prices |
| Timeline |
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Additional Tools for METHODE Stock Analysis
When running METHODE ELECTRONICS's price analysis, check to measure METHODE ELECTRONICS'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 METHODE ELECTRONICS is operating at the current time. Most of METHODE ELECTRONICS's value examination focuses on studying past and present price action to predict the probability of METHODE ELECTRONICS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move METHODE ELECTRONICS's price. Additionally, you may evaluate how the addition of METHODE ELECTRONICS to your portfolios can decrease your overall portfolio volatility.