Melrose Industries Plc Stock Market Value
| MLSPF Stock | USD 7.47 0.29 4.04% |
| Symbol | Melrose |
Melrose Industries '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 Melrose Industries' pink sheet 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 Melrose Industries.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Melrose Industries on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Melrose Industries PLC or generate 0.0% return on investment in Melrose Industries over 330 days. Melrose Industries is related to or competes with National Beverage, Playtika Holding, Weibo Corp, Ultra Clean, Constellation Brands, Iridium Communications, and Celsius Holdings. Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the U... More
Melrose Industries 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 Melrose Industries' pink sheet 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 Melrose Industries PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.14 | |||
| Information Ratio | 0.0395 | |||
| Maximum Drawdown | 24.92 | |||
| Value At Risk | (7.07) | |||
| Potential Upside | 8.08 |
Melrose Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melrose Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melrose Industries' standard deviation. In reality, there are many statistical measures that can use Melrose Industries historical prices to predict the future Melrose Industries' volatility.| Risk Adjusted Performance | 0.0607 | |||
| Jensen Alpha | 0.2754 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0365 | |||
| Treynor Ratio | 1.01 |
Melrose Industries PLC Backtested Returns
Melrose Industries appears to be moderately volatile, given 3 months investment horizon. Melrose Industries PLC has Sharpe Ratio of 0.0685, which conveys that the firm had a 0.0685% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Melrose Industries, which you can use to evaluate the volatility of the firm. Please exercise Melrose Industries' Downside Deviation of 5.14, mean deviation of 3.36, and Risk Adjusted Performance of 0.0607 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Melrose Industries holds a performance score of 5. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Melrose Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Melrose Industries is expected to be smaller as well. Please check Melrose Industries' sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to make a quick decision on whether Melrose Industries' current price movements will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Melrose Industries PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Melrose Industries time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 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 Melrose Industries PLC price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Melrose Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Melrose Industries PLC lagged returns against current returns
Autocorrelation, which is Melrose Industries pink sheet'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 Melrose Industries' pink sheet expected returns. We can calculate the autocorrelation of Melrose Industries returns to help us make a trade decision. For example, suppose you find that Melrose Industries has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Melrose Industries 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 Melrose Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melrose Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melrose Industries pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Melrose Industries Lagged Returns
When evaluating Melrose Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melrose Industries pink sheet have on its future price. Melrose Industries 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, Melrose Industries autocorrelation shows the relationship between Melrose Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Melrose Industries PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Melrose Pink Sheet
Melrose Industries financial ratios help investors to determine whether Melrose Pink Sheet 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 Melrose with respect to the benefits of owning Melrose Industries security.