Adriatic Metals (Germany) Market Value
| 3FN Stock | EUR 2.52 0.04 1.56% |
| Symbol | Adriatic |
Adriatic Metals '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 Adriatic Metals' 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 Adriatic Metals.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Adriatic Metals on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Adriatic Metals Plc or generate 0.0% return on investment in Adriatic Metals over 30 days. Adriatic Metals is related to or competes with Mineral Resources, NEXA RESOURCES, ADRIATIC METALS, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. Adriatic Metals PLC, through its subsidiaries, engages in the mineral exploration and development business in Bosnia and... More
Adriatic Metals 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 Adriatic Metals' 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 Adriatic Metals Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.0955 | |||
| Maximum Drawdown | 17.46 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 8.19 |
Adriatic Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adriatic Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adriatic Metals' standard deviation. In reality, there are many statistical measures that can use Adriatic Metals historical prices to predict the future Adriatic Metals' volatility.| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 0.4672 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1291 | |||
| Treynor Ratio | (3.11) |
Adriatic Metals Plc Backtested Returns
Adriatic Metals appears to be very risky, given 3 months investment horizon. Adriatic Metals Plc secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Adriatic Metals' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of Adriatic Metals' Mean Deviation of 2.74, downside deviation of 2.73, and Risk Adjusted Performance of 0.1034 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adriatic Metals holds a performance score of 11. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adriatic Metals are expected to decrease at a much lower rate. During the bear market, Adriatic Metals is likely to outperform the market. Please check Adriatic Metals' jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether Adriatic Metals' price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Adriatic Metals Plc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Adriatic Metals time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Adriatic Metals Plc price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Adriatic Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Adriatic Metals Plc lagged returns against current returns
Autocorrelation, which is Adriatic Metals 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 Adriatic Metals' stock expected returns. We can calculate the autocorrelation of Adriatic Metals returns to help us make a trade decision. For example, suppose you find that Adriatic Metals 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 |
Adriatic Metals 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 Adriatic Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adriatic Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adriatic Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Adriatic Metals Lagged Returns
When evaluating Adriatic Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adriatic Metals stock have on its future price. Adriatic Metals 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, Adriatic Metals autocorrelation shows the relationship between Adriatic Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Adriatic Metals Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Adriatic Stock
Adriatic Metals financial ratios help investors to determine whether Adriatic 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 Adriatic with respect to the benefits of owning Adriatic Metals security.