Mecanica Fina (Romania) Market Value
| MECE Stock | 24.60 0.20 0.81% |
| Symbol | Mecanica |
Please note, there is a significant difference between Mecanica Fina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mecanica Fina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mecanica Fina's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mecanica Fina '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 Mecanica Fina'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 Mecanica Fina.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Mecanica Fina on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mecanica Fina SA or generate 0.0% return on investment in Mecanica Fina over 30 days. More
Mecanica Fina 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 Mecanica Fina'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 Mecanica Fina SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 0.7874 |
Mecanica Fina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mecanica Fina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mecanica Fina's standard deviation. In reality, there are many statistical measures that can use Mecanica Fina historical prices to predict the future Mecanica Fina's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.2831 |
Mecanica Fina SA Backtested Returns
Mecanica Fina SA has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Mecanica Fina exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mecanica Fina's Standard Deviation of 1.05, mean deviation of 0.4861, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mecanica Fina are expected to decrease at a much lower rate. During the bear market, Mecanica Fina is likely to outperform the market. At this point, Mecanica Fina SA has a negative expected return of -0.1%. Please make sure to verify Mecanica Fina's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Mecanica Fina SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Mecanica Fina SA has modest predictability. Overlapping area represents the amount of predictability between Mecanica Fina 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 Mecanica Fina SA price movement. The serial correlation of 0.51 indicates that about 51.0% of current Mecanica Fina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mecanica Fina SA lagged returns against current returns
Autocorrelation, which is Mecanica Fina 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 Mecanica Fina's stock expected returns. We can calculate the autocorrelation of Mecanica Fina returns to help us make a trade decision. For example, suppose you find that Mecanica Fina 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 |
Mecanica Fina 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 Mecanica Fina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mecanica Fina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mecanica Fina stock over time.
Current vs Lagged Prices |
| Timeline |
Mecanica Fina Lagged Returns
When evaluating Mecanica Fina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mecanica Fina stock have on its future price. Mecanica Fina 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, Mecanica Fina autocorrelation shows the relationship between Mecanica Fina stock current value and its past values and can show if there is a momentum factor associated with investing in Mecanica Fina SA.
Regressed Prices |
| Timeline |
Pair Trading with Mecanica Fina
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 Mecanica Fina 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 Mecanica Fina will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Mecanica Fina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mecanica Fina 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 Mecanica Fina - 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 Mecanica Fina SA to buy it.
The correlation of Mecanica Fina 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 Mecanica Fina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mecanica Fina SA 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 Mecanica Fina 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 Mecanica Stock
Mecanica Fina financial ratios help investors to determine whether Mecanica 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 Mecanica with respect to the benefits of owning Mecanica Fina security.