MercadoLibre, (Argentina) Market Value
| MELID Stock | USD 15.50 0.05 0.32% |
| Symbol | MercadoLibre, |
MercadoLibre, '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 MercadoLibre,'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 MercadoLibre,.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in MercadoLibre, on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding MercadoLibre, or generate 0.0% return on investment in MercadoLibre, over 30 days. MercadoLibre, is related to or competes with Alibaba Group, Apple, Alphabet, Amazon, Johnson Johnson, Walmart, and Chevron Corp. MercadoLibre, Inc. operates online commerce platforms in Latin America More
MercadoLibre, 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 MercadoLibre,'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 MercadoLibre, upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.36 |
MercadoLibre, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MercadoLibre,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MercadoLibre,'s standard deviation. In reality, there are many statistical measures that can use MercadoLibre, historical prices to predict the future MercadoLibre,'s volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MercadoLibre,'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.
MercadoLibre, Backtested Returns
MercadoLibre, has Sharpe Ratio of -0.0854, which conveys that the firm had a -0.0854% return per unit of risk over the last 3 months. MercadoLibre, exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MercadoLibre,'s Mean Deviation of 1.56, standard deviation of 2.37, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MercadoLibre,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding MercadoLibre, is expected to be smaller as well. At this point, MercadoLibre, has a negative expected return of -0.2%. Please make sure to verify MercadoLibre,'s accumulation distribution, and the relationship between the potential upside and day median price , to decide if MercadoLibre, performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
MercadoLibre, has very weak reverse predictability. Overlapping area represents the amount of predictability between MercadoLibre, time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 MercadoLibre, price movement. The serial correlation of -0.08 indicates that barely 8.0% of current MercadoLibre, price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
MercadoLibre, lagged returns against current returns
Autocorrelation, which is MercadoLibre, 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 MercadoLibre,'s stock expected returns. We can calculate the autocorrelation of MercadoLibre, returns to help us make a trade decision. For example, suppose you find that MercadoLibre, 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 |
MercadoLibre, 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 MercadoLibre, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MercadoLibre, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MercadoLibre, stock over time.
Current vs Lagged Prices |
| Timeline |
MercadoLibre, Lagged Returns
When evaluating MercadoLibre,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MercadoLibre, stock have on its future price. MercadoLibre, 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, MercadoLibre, autocorrelation shows the relationship between MercadoLibre, stock current value and its past values and can show if there is a momentum factor associated with investing in MercadoLibre,.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in MercadoLibre, Stock
MercadoLibre, financial ratios help investors to determine whether MercadoLibre, 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 MercadoLibre, with respect to the benefits of owning MercadoLibre, security.