MEYER PLC (Nigeria) Market Value
| MEYER Stock | 7.67 0.00 0.00% |
| Symbol | MEYER |
MEYER PLC '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 MEYER PLC'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 MEYER PLC.
| 08/06/2024 |
| 12/04/2024 |
If you would invest 0.00 in MEYER PLC on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding MEYER PLC or generate 0.0% return on investment in MEYER PLC over 120 days.
MEYER PLC 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 MEYER PLC'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 MEYER PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1653 | |||
| Maximum Drawdown | 19.98 | |||
| Potential Upside | 9.94 |
MEYER PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEYER PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEYER PLC's standard deviation. In reality, there are many statistical measures that can use MEYER PLC historical prices to predict the future MEYER PLC's volatility.| Risk Adjusted Performance | 0.1627 | |||
| Jensen Alpha | 0.5473 | |||
| Total Risk Alpha | 0.1918 | |||
| Treynor Ratio | 1.33 |
MEYER PLC Backtested Returns
MEYER PLC appears to be somewhat reliable, given 3 months investment horizon. MEYER PLC has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of standard deviation over the last 3 months. We have found eighteen technical indicators for MEYER PLC, which you can use to evaluate the volatility of the firm. Please exercise MEYER PLC's Mean Deviation of 1.42, market risk adjusted performance of 1.34, and Risk Adjusted Performance of 0.1627 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MEYER PLC holds a performance score of 13. The company secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MEYER PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding MEYER PLC is expected to be smaller as well. Please check MEYER PLC's variance, as well as the relationship between the skewness and relative strength index , to make a quick decision on whether MEYER PLC's current price movements will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
MEYER PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between MEYER PLC time series from 6th of August 2024 to 5th of October 2024 and 5th of October 2024 to 4th 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 MEYER PLC price movement. The serial correlation of -0.77 indicates that around 77.0% of current MEYER PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
MEYER PLC lagged returns against current returns
Autocorrelation, which is MEYER PLC 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 MEYER PLC's stock expected returns. We can calculate the autocorrelation of MEYER PLC returns to help us make a trade decision. For example, suppose you find that MEYER PLC 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 |
MEYER PLC 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 MEYER PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEYER PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MEYER PLC stock over time.
Current vs Lagged Prices |
| Timeline |
MEYER PLC Lagged Returns
When evaluating MEYER PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEYER PLC stock have on its future price. MEYER PLC 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, MEYER PLC autocorrelation shows the relationship between MEYER PLC stock current value and its past values and can show if there is a momentum factor associated with investing in MEYER PLC.
Regressed Prices |
| Timeline |
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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.Additional Tools for MEYER Stock Analysis
When running MEYER PLC's price analysis, check to measure MEYER PLC'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 MEYER PLC is operating at the current time. Most of MEYER PLC's value examination focuses on studying past and present price action to predict the probability of MEYER PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEYER PLC's price. Additionally, you may evaluate how the addition of MEYER PLC to your portfolios can decrease your overall portfolio volatility.