Metrogas (Argentina) Market Value
| METR Stock | ARS 2,215 15.00 0.68% |
| Symbol | Metrogas |
Metrogas '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 Metrogas' 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 Metrogas.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Metrogas on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Metrogas SA or generate 0.0% return on investment in Metrogas over 720 days. Metrogas is related to or competes with Agrometal SAI, Transportadora, Compania, Harmony Gold, and United States. The company was formerly known as Distribuidora de Gas Metropolitano SA More
Metrogas 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 Metrogas' 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 Metrogas SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.3972 | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 5.61 |
Metrogas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metrogas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metrogas' standard deviation. In reality, there are many statistical measures that can use Metrogas historical prices to predict the future Metrogas' volatility.| Risk Adjusted Performance | 0.3464 | |||
| Jensen Alpha | 1.15 | |||
| Total Risk Alpha | 0.7974 | |||
| Sortino Ratio | 0.4224 | |||
| Treynor Ratio | 2.16 |
Metrogas SA Backtested Returns
Metrogas is very steady given 3 months investment horizon. Metrogas SA has Sharpe Ratio of 0.4, which conveys that the firm had a 0.4% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.11% are justified by taking the suggested risk. Use Metrogas SA Mean Deviation of 2.2, downside deviation of 2.6, and Risk Adjusted Performance of 0.3464 to evaluate company specific risk that cannot be diversified away. Metrogas holds a performance score of 31 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Metrogas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Metrogas is expected to be smaller as well. Use Metrogas SA maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Metrogas SA.
Auto-correlation | 0.76 |
Good predictability
Metrogas SA has good predictability. Overlapping area represents the amount of predictability between Metrogas time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Metrogas SA price movement. The serial correlation of 0.76 indicates that around 76.0% of current Metrogas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 81.1 K |
Metrogas SA lagged returns against current returns
Autocorrelation, which is Metrogas 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 Metrogas' stock expected returns. We can calculate the autocorrelation of Metrogas returns to help us make a trade decision. For example, suppose you find that Metrogas 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 |
Metrogas 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 Metrogas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metrogas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metrogas stock over time.
Current vs Lagged Prices |
| Timeline |
Metrogas Lagged Returns
When evaluating Metrogas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metrogas stock have on its future price. Metrogas 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, Metrogas autocorrelation shows the relationship between Metrogas stock current value and its past values and can show if there is a momentum factor associated with investing in Metrogas SA.
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 Metrogas Stock
Metrogas financial ratios help investors to determine whether Metrogas 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 Metrogas with respect to the benefits of owning Metrogas security.