Matas AS (Denmark) Market Value
| MATAS Stock | DKK 123.00 2.40 1.99% |
| Symbol | Matas |
Matas AS '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 Matas AS'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 Matas AS.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Matas AS on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Matas AS or generate 0.0% return on investment in Matas AS over 90 days. Matas AS is related to or competes with Broendbyernes, NKT AS, and Jyske Bank. Matas AS, together with its subsidiaries, operates a chain of retail stores that offers beauty, personal care, and healt... More
Matas AS 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 Matas AS'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 Matas AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 1.99 |
Matas AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matas AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matas AS's standard deviation. In reality, there are many statistical measures that can use Matas AS historical prices to predict the future Matas AS's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Matas AS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Matas AS Backtested Returns
Matas AS has Sharpe Ratio of -0.0102, which conveys that the firm had a -0.0102% return per unit of risk over the last 3 months. Matas AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Matas AS's Mean Deviation of 0.9747, standard deviation of 1.42, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Matas AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Matas AS is expected to be smaller as well. At this point, Matas AS has a negative expected return of -0.0144%. Please make sure to verify Matas AS's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Matas AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Matas AS has poor predictability. Overlapping area represents the amount of predictability between Matas AS time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Matas AS price movement. The serial correlation of 0.25 indicates that over 25.0% of current Matas AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 8.86 |
Matas AS lagged returns against current returns
Autocorrelation, which is Matas AS 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 Matas AS's stock expected returns. We can calculate the autocorrelation of Matas AS returns to help us make a trade decision. For example, suppose you find that Matas AS 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 |
Matas AS 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 Matas AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matas AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matas AS stock over time.
Current vs Lagged Prices |
| Timeline |
Matas AS Lagged Returns
When evaluating Matas AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matas AS stock have on its future price. Matas AS 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, Matas AS autocorrelation shows the relationship between Matas AS stock current value and its past values and can show if there is a momentum factor associated with investing in Matas AS.
Regressed Prices |
| Timeline |
Pair Trading with Matas AS
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Matas AS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Matas AS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Matas AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Matas AS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Matas AS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Matas AS to buy it.
The correlation of Matas AS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Matas AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Matas AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Matas AS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Matas Stock
Matas AS financial ratios help investors to determine whether Matas 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 Matas with respect to the benefits of owning Matas AS security.