Methode Electronics (Germany) Market Value
| ME5A Stock | EUR 9.95 0.05 0.50% |
| Symbol | Methode |
Methode Electronics '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 Methode Electronics' 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 Methode Electronics.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Methode Electronics on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Methode Electronics or generate 0.0% return on investment in Methode Electronics over 30 days. Methode Electronics is related to or competes with Performance Food, PT Indofood, Astral Foods, Premier Foods, and Austevoll Seafood. Methode Electronics, Inc. designs, manufactures, and markets component and subsystem devices worldwide More
Methode Electronics 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 Methode Electronics' 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 Methode Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.0197 | |||
| Maximum Drawdown | 17.8 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 6.55 |
Methode Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Methode Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Methode Electronics' standard deviation. In reality, there are many statistical measures that can use Methode Electronics historical prices to predict the future Methode Electronics' volatility.| Risk Adjusted Performance | 0.0493 | |||
| Jensen Alpha | 0.101 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0203 | |||
| Treynor Ratio | 0.2509 |
Methode Electronics Backtested Returns
Methode Electronics appears to be slightly risky, given 3 months investment horizon. Methode Electronics has Sharpe Ratio of 0.0768, which conveys that the firm had a 0.0768% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Methode Electronics, which you can use to evaluate the volatility of the firm. Please exercise Methode Electronics' Risk Adjusted Performance of 0.0493, mean deviation of 2.62, and Downside Deviation of 3.51 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Methode Electronics holds a performance score of 6. The company secures a Beta (Market Risk) of 0.74, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Methode Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Methode Electronics is expected to be smaller as well. Please check Methode Electronics' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Methode Electronics' current price movements will revert.
Auto-correlation | 0.29 |
Poor predictability
Methode Electronics has poor predictability. Overlapping area represents the amount of predictability between Methode Electronics time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Methode Electronics price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Methode Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Methode Electronics lagged returns against current returns
Autocorrelation, which is Methode Electronics 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 Methode Electronics' stock expected returns. We can calculate the autocorrelation of Methode Electronics returns to help us make a trade decision. For example, suppose you find that Methode Electronics 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 |
Methode Electronics 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 Methode Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Methode Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Methode Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Methode Electronics Lagged Returns
When evaluating Methode Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Methode Electronics stock have on its future price. Methode Electronics 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, Methode Electronics autocorrelation shows the relationship between Methode Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Methode Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Methode Stock
When determining whether Methode Electronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Methode Electronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Methode Electronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Methode Electronics Stock:Check out Methode Electronics Correlation, Methode Electronics Volatility and Methode Electronics Alpha and Beta module to complement your research on Methode Electronics. For more detail on how to invest in Methode Stock please use our How to Invest in Methode Electronics guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Methode Electronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.