Sims Metal (Germany) Market Value
| I8M Stock | EUR 8.10 0.20 2.53% |
| Symbol | Sims |
Sims Metal '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 Sims Metal'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 Sims Metal.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Sims Metal on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Sims Metal Management or generate 0.0% return on investment in Sims Metal over 540 days. Sims Metal is related to or competes with SALESFORCE INC, CARSALES, ADRIATIC METALS, AAC TECHNOLOGHLDGADR, Salesforce, GREENX METALS, and BOS BETTER. Sims Metal Management Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals More
Sims Metal 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 Sims Metal'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 Sims Metal Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.0831 | |||
| Maximum Drawdown | 16.34 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 3.87 |
Sims Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sims Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sims Metal's standard deviation. In reality, there are many statistical measures that can use Sims Metal historical prices to predict the future Sims Metal's volatility.| Risk Adjusted Performance | 0.1115 | |||
| Jensen Alpha | 0.1864 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1082 | |||
| Treynor Ratio | 0.2895 |
Sims Metal Management Backtested Returns
Sims Metal appears to be somewhat reliable, given 3 months investment horizon. Sims Metal Management owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sims Metal Management, which you can use to evaluate the volatility of the company. Please review Sims Metal's Risk Adjusted Performance of 0.1115, coefficient of variation of 731.36, and Semi Deviation of 1.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sims Metal holds a performance score of 11. The entity has a beta of 1.07, which indicates a somewhat significant risk relative to the market. Sims Metal returns are very sensitive to returns on the market. As the market goes up or down, Sims Metal is expected to follow. Please check Sims Metal's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Sims Metal's existing price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Sims Metal Management has below average predictability. Overlapping area represents the amount of predictability between Sims Metal time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Sims Metal Management price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Sims Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Sims Metal Management lagged returns against current returns
Autocorrelation, which is Sims Metal 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 Sims Metal's stock expected returns. We can calculate the autocorrelation of Sims Metal returns to help us make a trade decision. For example, suppose you find that Sims Metal 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 |
Sims Metal 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 Sims Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sims Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sims Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Sims Metal Lagged Returns
When evaluating Sims Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sims Metal stock have on its future price. Sims Metal 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, Sims Metal autocorrelation shows the relationship between Sims Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Sims Metal Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sims Stock
Sims Metal financial ratios help investors to determine whether Sims 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 Sims with respect to the benefits of owning Sims Metal security.