Mermeren Kombinat (Greece) Market Value
| MERKO Stock | EUR 44.20 3.20 7.80% |
| Symbol | Mermeren |
Mermeren Kombinat '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 Mermeren Kombinat'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 Mermeren Kombinat.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Mermeren Kombinat on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mermeren Kombinat AD or generate 0.0% return on investment in Mermeren Kombinat over 30 days. Mermeren Kombinat is related to or competes with National Bank, EL D, Lampsa Hellenic, Eurobank Ergasias, Alpha Trust, Iktinos Hellas, and Hellenic Telecommunicatio. Mermeren Kombinat AD engages in the mining, processing, and distribution of marble and decorative stones in Macedonia, G... More
Mermeren Kombinat 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 Mermeren Kombinat'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 Mermeren Kombinat AD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.06 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 7.14 |
Mermeren Kombinat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mermeren Kombinat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mermeren Kombinat's standard deviation. In reality, there are many statistical measures that can use Mermeren Kombinat historical prices to predict the future Mermeren Kombinat's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 0.9978 |
Mermeren Kombinat Backtested Returns
Mermeren Kombinat has Sharpe Ratio of -0.0087, which conveys that the firm had a -0.0087% return per unit of risk over the last 3 months. Mermeren Kombinat exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mermeren Kombinat's Mean Deviation of 1.58, standard deviation of 3.1, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mermeren Kombinat are expected to decrease at a much lower rate. During the bear market, Mermeren Kombinat is likely to outperform the market. At this point, Mermeren Kombinat has a negative expected return of -0.0288%. Please make sure to verify Mermeren Kombinat's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Mermeren Kombinat performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Mermeren Kombinat AD has very weak reverse predictability. Overlapping area represents the amount of predictability between Mermeren Kombinat time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Mermeren Kombinat price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Mermeren Kombinat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 2.61 |
Mermeren Kombinat lagged returns against current returns
Autocorrelation, which is Mermeren Kombinat 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 Mermeren Kombinat's stock expected returns. We can calculate the autocorrelation of Mermeren Kombinat returns to help us make a trade decision. For example, suppose you find that Mermeren Kombinat 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 |
Mermeren Kombinat 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 Mermeren Kombinat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mermeren Kombinat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mermeren Kombinat stock over time.
Current vs Lagged Prices |
| Timeline |
Mermeren Kombinat Lagged Returns
When evaluating Mermeren Kombinat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mermeren Kombinat stock have on its future price. Mermeren Kombinat 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, Mermeren Kombinat autocorrelation shows the relationship between Mermeren Kombinat stock current value and its past values and can show if there is a momentum factor associated with investing in Mermeren Kombinat AD.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Mermeren Stock
Mermeren Kombinat financial ratios help investors to determine whether Mermeren 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 Mermeren with respect to the benefits of owning Mermeren Kombinat security.