Metall Zug (Switzerland) Market Value
| METN Stock | CHF 1,110 15.00 1.33% |
| Symbol | Metall |
Metall Zug '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 Metall Zug'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 Metall Zug.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Metall Zug on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Metall Zug AG or generate 0.0% return on investment in Metall Zug over 720 days. Metall Zug is related to or competes with Bucher Industries, Burckhardt Compression, Also Holding, Emmi AG, and Hubersuhner. Metall Zug AG, through its subsidiaries, engages in household appliances, infection control, and wire processing busines... More
Metall Zug 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 Metall Zug'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 Metall Zug AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 5.84 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.65 |
Metall Zug Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metall Zug's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metall Zug's standard deviation. In reality, there are many statistical measures that can use Metall Zug historical prices to predict the future Metall Zug's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 1.18 |
Metall Zug AG Backtested Returns
Metall Zug AG has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Metall Zug exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metall Zug's Standard Deviation of 1.03, mean deviation of 0.773, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Metall Zug are expected to decrease at a much lower rate. During the bear market, Metall Zug is likely to outperform the market. At this point, Metall Zug AG has a negative expected return of -0.17%. Please make sure to verify Metall Zug's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Metall Zug AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Metall Zug AG has very good predictability. Overlapping area represents the amount of predictability between Metall Zug time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Metall Zug AG price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Metall Zug price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 8801.87 |
Metall Zug AG lagged returns against current returns
Autocorrelation, which is Metall Zug 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 Metall Zug's stock expected returns. We can calculate the autocorrelation of Metall Zug returns to help us make a trade decision. For example, suppose you find that Metall Zug 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 |
Metall Zug 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 Metall Zug stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metall Zug stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metall Zug stock over time.
Current vs Lagged Prices |
| Timeline |
Metall Zug Lagged Returns
When evaluating Metall Zug's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metall Zug stock have on its future price. Metall Zug 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, Metall Zug autocorrelation shows the relationship between Metall Zug stock current value and its past values and can show if there is a momentum factor associated with investing in Metall Zug AG.
Regressed Prices |
| Timeline |
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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.Additional Tools for Metall Stock Analysis
When running Metall Zug's price analysis, check to measure Metall Zug's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Metall Zug is operating at the current time. Most of Metall Zug's value examination focuses on studying past and present price action to predict the probability of Metall Zug's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metall Zug's price. Additionally, you may evaluate how the addition of Metall Zug to your portfolios can decrease your overall portfolio volatility.