Matas AS (Germany) Market Value
| 1MTA Stock | EUR 16.76 0.18 1.06% |
| Symbol | Matas |
Matas AS '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 Matas AS'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 Matas AS.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Matas AS on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Matas AS or generate 0.0% return on investment in Matas AS over 30 days. Matas AS is related to or competes with MAVEN WIRELESS, Transportadora, OFFICE DEPOT, CITY OFFICE, Texas Roadhouse, and TITANIUM TRANSPORTGROUP. More
Matas AS 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 Matas AS'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 Matas AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.59 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.02 |
Matas AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matas AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matas AS's standard deviation. In reality, there are many statistical measures that can use Matas AS historical prices to predict the future Matas AS's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.1) |
Matas AS Backtested Returns
Matas AS has Sharpe Ratio of -0.0108, which conveys that the firm had a -0.0108% return per unit of risk over the last 3 months. Matas AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Matas AS's Standard Deviation of 1.47, mean deviation of 1.02, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Matas AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matas AS is expected to be smaller as well. At this point, Matas AS has a negative expected return of -0.0163%. Please make sure to verify Matas AS's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Matas AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Matas AS has very weak reverse predictability. Overlapping area represents the amount of predictability between Matas AS time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Matas AS price movement. The serial correlation of -0.01 indicates that just 1.0% of current Matas AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Matas AS lagged returns against current returns
Autocorrelation, which is Matas AS 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 Matas AS's stock expected returns. We can calculate the autocorrelation of Matas AS returns to help us make a trade decision. For example, suppose you find that Matas AS 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 |
Matas AS 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 Matas AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matas AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matas AS stock over time.
Current vs Lagged Prices |
| Timeline |
Matas AS Lagged Returns
When evaluating Matas AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matas AS stock have on its future price. Matas AS 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, Matas AS autocorrelation shows the relationship between Matas AS stock current value and its past values and can show if there is a momentum factor associated with investing in Matas AS.
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.Other Information on Investing in Matas Stock
Matas AS financial ratios help investors to determine whether Matas 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 Matas with respect to the benefits of owning Matas AS security.