Eramet Sa Stock Market Value
| ERMAF Stock | USD 54.52 0.65 1.21% |
| 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 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 ERAMET SA.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in ERAMET SA on June 3, 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 180 days. ERAMET SA is related to or competes with Iluka Resources, and IGO. 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 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 ERAMET SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 27.36 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 1.21 |
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 | (0.12) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.49) | |||
| Treynor Ratio | (151.90) |
ERAMET SA Backtested Returns
ERAMET SA retains Efficiency (Sharpe Ratio) of -0.17, which denotes the company had a -0.17% return per unit of risk 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 4.4, market risk adjusted performance of (151.89), and Variance of 19.33 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.005, which means not very significant fluctuations relative to the market. As returns on the market increase, ERAMET SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding ERAMET SA is expected to be smaller as well. At this point, ERAMET SA has a negative expected return of -0.79%. Please make sure to confirm ERAMET SA's maximum drawdown, day median price, and the relationship between the jensen alpha and kurtosis , to decide if ERAMET SA performance from the past will be repeated in the future.
Auto-correlation | 0.75 |
Good predictability
ERAMET SA has good predictability. Overlapping area represents the amount of predictability between ERAMET SA time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 0.75 indicates that around 75.0% of current ERAMET SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 166.2 |
ERAMET SA lagged returns against current returns
Autocorrelation, which is ERAMET SA 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 ERAMET SA's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ERAMET SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ERAMET SA pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ERAMET SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ERAMET Pink Sheet
ERAMET SA financial ratios help investors to determine whether ERAMET 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 ERAMET with respect to the benefits of owning ERAMET SA security.