4Mass SA (Poland) Market Value
| 4MS Stock | 6.47 0.03 0.47% |
| Symbol | 4Mass |
4Mass SA '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 4Mass SA'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 4Mass SA.
| 09/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 4Mass SA on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding 4Mass SA or generate 0.0% return on investment in 4Mass SA over 60 days. 4Mass SA is related to or competes with Asseco Business, Movie Games, Igoria Trade, and Bank Millennium. More
4Mass SA 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 4Mass SA'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 4Mass SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.59 |
4Mass SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 4Mass SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 4Mass SA's standard deviation. In reality, there are many statistical measures that can use 4Mass SA historical prices to predict the future 4Mass SA's volatility.| Risk Adjusted Performance | 0.0459 | |||
| Jensen Alpha | 0.0556 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.957 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 4Mass SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
4Mass SA Backtested Returns
Currently, 4Mass SA is not too volatile. 4Mass SA secures Sharpe Ratio (or Efficiency) of 0.0594, which signifies that the company had a 0.0594% return per unit of risk over the last 3 months. We have found thirty technical indicators for 4Mass SA, which you can use to evaluate the volatility of the firm. Please confirm 4Mass SA's risk adjusted performance of 0.0459, and Mean Deviation of 1.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.0803%. 4Mass SA has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0665, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 4Mass SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding 4Mass SA is expected to be smaller as well. 4Mass SA currently shows a risk of 1.35%. Please confirm 4Mass SA value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if 4Mass SA will be following its price patterns.
Auto-correlation | -0.94 |
Near perfect reversele predictability
4Mass SA has near perfect reversele predictability. Overlapping area represents the amount of predictability between 4Mass SA time series from 26th of September 2024 to 26th of October 2024 and 26th of October 2024 to 25th 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 4Mass SA price movement. The serial correlation of -0.94 indicates that approximately 94.0% of current 4Mass SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.94 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
4Mass SA lagged returns against current returns
Autocorrelation, which is 4Mass SA 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 4Mass SA's stock expected returns. We can calculate the autocorrelation of 4Mass SA returns to help us make a trade decision. For example, suppose you find that 4Mass SA 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 |
4Mass SA 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 4Mass SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 4Mass SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 4Mass SA stock over time.
Current vs Lagged Prices |
| Timeline |
4Mass SA Lagged Returns
When evaluating 4Mass SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 4Mass SA stock have on its future price. 4Mass SA 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, 4Mass SA autocorrelation shows the relationship between 4Mass SA stock current value and its past values and can show if there is a momentum factor associated with investing in 4Mass SA.
Regressed Prices |
| Timeline |
Pair Trading with 4Mass SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 4Mass SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 4Mass SA will appreciate offsetting losses from the drop in the long position's value.Moving together with 4Mass Stock
Moving against 4Mass Stock
The ability to find closely correlated positions to 4Mass SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 4Mass SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 4Mass SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 4Mass SA to buy it.
The correlation of 4Mass SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 4Mass SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 4Mass SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 4Mass SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for 4Mass Stock Analysis
When running 4Mass SA's price analysis, check to measure 4Mass SA'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 4Mass SA is operating at the current time. Most of 4Mass SA's value examination focuses on studying past and present price action to predict the probability of 4Mass SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 4Mass SA's price. Additionally, you may evaluate how the addition of 4Mass SA to your portfolios can decrease your overall portfolio volatility.