Elementis PLC (UK) Market Value
| ELM Stock | 133.40 0.80 0.60% |
| Symbol | Elementis |
Elementis PLC '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 Elementis PLC'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 Elementis PLC.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Elementis PLC on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Elementis PLC or generate 0.0% return on investment in Elementis PLC over 30 days. Elementis PLC is related to or competes with AcadeMedia, Tatton Asset, Impax Asset, Hollywood Bowl, XLMedia PLC, and Waste Management. Elementis PLC is entity of United Kingdom More
Elementis PLC 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 Elementis PLC'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 Elementis PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 11.38 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.71 |
Elementis PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elementis PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elementis PLC's standard deviation. In reality, there are many statistical measures that can use Elementis PLC historical prices to predict the future Elementis PLC's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (1.31) |
Elementis PLC Backtested Returns
Elementis PLC secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of risk over the last 3 months. Elementis PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elementis PLC's Mean Deviation of 1.25, standard deviation of 1.82, and Variance of 3.31 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Elementis PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elementis PLC is expected to be smaller as well. At this point, Elementis PLC has a negative expected return of -0.28%. Please make sure to confirm Elementis PLC's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Elementis PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Elementis PLC has poor reverse predictability. Overlapping area represents the amount of predictability between Elementis PLC time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Elementis PLC price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Elementis PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1.67 |
Elementis PLC lagged returns against current returns
Autocorrelation, which is Elementis PLC 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 Elementis PLC's stock expected returns. We can calculate the autocorrelation of Elementis PLC returns to help us make a trade decision. For example, suppose you find that Elementis PLC 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 |
Elementis PLC 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 Elementis PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elementis PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elementis PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Elementis PLC Lagged Returns
When evaluating Elementis PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elementis PLC stock have on its future price. Elementis PLC 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, Elementis PLC autocorrelation shows the relationship between Elementis PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Elementis PLC.
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 Elementis Stock
Elementis PLC financial ratios help investors to determine whether Elementis 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 Elementis with respect to the benefits of owning Elementis PLC security.