Mevaco SA (Greece) Market Value
| MEVA Stock | EUR 3.56 0.14 3.78% |
| Symbol | Mevaco |
Mevaco SA '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 Mevaco SA'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 Mevaco SA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Mevaco SA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Mevaco SA or generate 0.0% return on investment in Mevaco SA over 360 days. Mevaco SA is related to or competes with As Commercial, BriQ Properties, Centric Holdings, Ekter SA, and Trastor Real. Mevaco S.A. engages in the metal fabrication and construction works in Greece More
Mevaco SA 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 Mevaco SA'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 Mevaco SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.43 |
Mevaco SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mevaco SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mevaco SA's standard deviation. In reality, there are many statistical measures that can use Mevaco SA historical prices to predict the future Mevaco SA's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.38) |
Mevaco SA Backtested Returns
Mevaco SA has Sharpe Ratio of -0.069, which conveys that the firm had a -0.069% return per unit of risk over the last 3 months. Mevaco SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mevaco SA's Risk Adjusted Performance of (0.05), standard deviation of 1.57, and Mean Deviation of 0.9837 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mevaco SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mevaco SA is expected to be smaller as well. At this point, Mevaco SA has a negative expected return of -0.11%. Please make sure to verify Mevaco SA's potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if Mevaco SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Mevaco SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mevaco SA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Mevaco SA price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Mevaco SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mevaco SA lagged returns against current returns
Autocorrelation, which is Mevaco SA 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 Mevaco SA's stock expected returns. We can calculate the autocorrelation of Mevaco SA returns to help us make a trade decision. For example, suppose you find that Mevaco SA 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 |
Mevaco SA 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 Mevaco SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mevaco SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mevaco SA stock over time.
Current vs Lagged Prices |
| Timeline |
Mevaco SA Lagged Returns
When evaluating Mevaco SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mevaco SA stock have on its future price. Mevaco SA 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, Mevaco SA autocorrelation shows the relationship between Mevaco SA stock current value and its past values and can show if there is a momentum factor associated with investing in Mevaco SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mevaco Stock Analysis
When running Mevaco SA's price analysis, check to measure Mevaco SA'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 Mevaco SA is operating at the current time. Most of Mevaco SA's value examination focuses on studying past and present price action to predict the probability of Mevaco SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mevaco SA's price. Additionally, you may evaluate how the addition of Mevaco SA to your portfolios can decrease your overall portfolio volatility.