Eramet SA (France) Market Value
| ERA Stock | EUR 52.30 0.75 1.45% |
| Symbol | Eramet |
Eramet 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 Eramet 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 Eramet SA.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Eramet SA on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Eramet SA or generate 0.0% return on investment in Eramet SA over 300 days. Eramet SA is related to or competes with Imerys SA, Vallourec, and Derichebourg. ERAMET S.A. operates as a mining and metallurgical company worldwide More
Eramet 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 Eramet 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 Eramet SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 20.22 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 4.66 |
Eramet SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eramet SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eramet SA's standard deviation. In reality, there are many statistical measures that can use Eramet SA historical prices to predict the future Eramet SA's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | 1.16 |
Eramet SA Backtested Returns
Eramet SA secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of standard deviation over the last 3 months. Eramet SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eramet SA's Standard Deviation of 3.23, coefficient of variation of (713.28), and Mean Deviation of 2.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eramet SA are expected to decrease at a much lower rate. During the bear market, Eramet SA is likely to outperform the market. At this point, Eramet SA has a negative expected return of -0.42%. Please make sure to confirm Eramet SA's maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Eramet SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Eramet SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Eramet SA time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Eramet SA price movement. The serial correlation of -0.74 indicates that around 74.0% of current Eramet SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 248.54 |
Eramet SA lagged returns against current returns
Autocorrelation, which is Eramet 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 Eramet SA's stock expected returns. We can calculate the autocorrelation of Eramet SA returns to help us make a trade decision. For example, suppose you find that Eramet 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 |
Eramet 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 Eramet SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eramet SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eramet SA stock over time.
Current vs Lagged Prices |
| Timeline |
Eramet SA Lagged Returns
When evaluating Eramet SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eramet SA stock have on its future price. Eramet 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, Eramet SA autocorrelation shows the relationship between Eramet SA stock current value and its past values and can show if there is a momentum factor associated with investing in Eramet SA.
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 Eramet Stock
Eramet SA financial ratios help investors to determine whether Eramet 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 Eramet with respect to the benefits of owning Eramet SA security.