Eramet Sa Adr Stock Market Value
| ERMAY Stock | USD 5.83 0.20 3.55% |
| 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.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Eramet SA on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Eramet SA ADR or generate 0.0% return on investment in Eramet SA over 30 days. Eramet SA is related to or competes with IGO, Nickel Mines, IGO, Aurelia Metals, and Mineral Resources. 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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.0211 | |||
| Maximum Drawdown | 17.7 | |||
| Value At Risk | (5.25) | |||
| Potential Upside | 5.23 |
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 | 0.0329 | |||
| Jensen Alpha | 0.0854 | |||
| Total Risk Alpha | 0.0119 | |||
| Sortino Ratio | 0.0182 | |||
| Treynor Ratio | (5.60) |
Eramet SA ADR Backtested Returns
At this stage we consider Eramet Pink Sheet to be slightly risky. Eramet SA ADR secures Sharpe Ratio (or Efficiency) of 0.0281, which denotes the company had a 0.0281 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Eramet SA ADR, which you can use to evaluate the volatility of the firm. Please confirm Eramet SA's Downside Deviation of 3.59, mean deviation of 2.07, and Semi Deviation of 2.72 to check if the risk estimate we provide is consistent with the expected return of 0.088%. Eramet SA has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0152, which means not very significant fluctuations relative to the market. 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. Eramet SA ADR right now shows a risk of 3.13%. Please confirm Eramet SA ADR coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Eramet SA ADR will be following its price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Eramet SA ADR has very weak reverse predictability. Overlapping area represents the amount of predictability between Eramet SA time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. 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 ADR price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Eramet SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Eramet SA ADR 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 ADR.
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.Additional Tools for Eramet Pink Sheet Analysis
When running Eramet SA's price analysis, check to measure Eramet 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 Eramet SA is operating at the current time. Most of Eramet SA's value examination focuses on studying past and present price action to predict the probability of Eramet 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 Eramet SA's price. Additionally, you may evaluate how the addition of Eramet SA to your portfolios can decrease your overall portfolio volatility.