Arcelormittal Sa Stock Market Value
| AMSYF Stock | USD 25.06 0.00 0.00% |
| Symbol | ArcelorMittal |
ArcelorMittal '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 ArcelorMittal's 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 ArcelorMittal.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in ArcelorMittal on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding ArcelorMittal SA or generate 0.0% return on investment in ArcelorMittal over 330 days. ArcelorMittal is related to or competes with Acerinox, Algoma Steel, Synalloy, Algoma Steel, Aperam PK, Kumba Iron, and Friedman Industries. ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North a... More
ArcelorMittal 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 ArcelorMittal's 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 ArcelorMittal SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0834 | |||
| Maximum Drawdown | 14.28 | |||
| Potential Upside | 1.99 |
ArcelorMittal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ArcelorMittal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ArcelorMittal's standard deviation. In reality, there are many statistical measures that can use ArcelorMittal historical prices to predict the future ArcelorMittal's volatility.| Risk Adjusted Performance | 0.1296 | |||
| Jensen Alpha | 0.2655 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 4.53 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ArcelorMittal'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.
ArcelorMittal SA Backtested Returns
ArcelorMittal appears to be very steady, given 3 months investment horizon. ArcelorMittal SA secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found eighteen technical indicators for ArcelorMittal SA, which you can use to evaluate the volatility of the firm. Please makes use of ArcelorMittal's mean deviation of 0.6352, and Risk Adjusted Performance of 0.1296 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ArcelorMittal holds a performance score of 12. The firm shows a Beta (market volatility) of 0.0603, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ArcelorMittal's returns are expected to increase less than the market. However, during the bear market, the loss of holding ArcelorMittal is expected to be smaller as well. Please check ArcelorMittal's variance, as well as the relationship between the skewness and relative strength index , to make a quick decision on whether ArcelorMittal's price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
ArcelorMittal SA has virtually no predictability. Overlapping area represents the amount of predictability between ArcelorMittal 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 ArcelorMittal SA price movement. The serial correlation of 0.09 indicates that less than 9.0% of current ArcelorMittal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
ArcelorMittal SA lagged returns against current returns
Autocorrelation, which is ArcelorMittal 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 ArcelorMittal's pink sheet expected returns. We can calculate the autocorrelation of ArcelorMittal returns to help us make a trade decision. For example, suppose you find that ArcelorMittal 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 |
ArcelorMittal 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 ArcelorMittal pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ArcelorMittal pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ArcelorMittal pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ArcelorMittal Lagged Returns
When evaluating ArcelorMittal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ArcelorMittal pink sheet have on its future price. ArcelorMittal 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, ArcelorMittal autocorrelation shows the relationship between ArcelorMittal pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ArcelorMittal SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ArcelorMittal Pink Sheet
ArcelorMittal financial ratios help investors to determine whether ArcelorMittal 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 ArcelorMittal with respect to the benefits of owning ArcelorMittal security.