MercadoLibre (Germany) Market Value
| MLB1 Stock | EUR 1,921 56.40 3.03% |
| 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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in MercadoLibre on October 26, 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 EBay, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. 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.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.0143 | |||
| Maximum Drawdown | 20.53 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 4.21 |
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 | 0.0517 | |||
| Jensen Alpha | 0.0457 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0122 | |||
| Treynor Ratio | 0.1675 |
MercadoLibre Backtested Returns
At this point, MercadoLibre is very steady. MercadoLibre has Sharpe Ratio of 0.0467, which conveys that the firm had a 0.0467% return per unit of risk over the last 3 months. We have found thirty technical indicators for MercadoLibre, which you can use to evaluate the volatility of the firm. Please verify MercadoLibre's Downside Deviation of 3.54, mean deviation of 2.15, and Risk Adjusted Performance of 0.0517 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. MercadoLibre has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.98, which conveys possible diversification benefits within a given portfolio. MercadoLibre returns are very sensitive to returns on the market. As the market goes up or down, MercadoLibre is expected to follow. MercadoLibre right now secures a risk of 3.04%. Please verify MercadoLibre treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if MercadoLibre will be following its current price movements.
Auto-correlation | -0.44 |
Modest reverse predictability
MercadoLibre has modest reverse predictability. Overlapping area represents the amount of predictability between MercadoLibre 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 MercadoLibre price movement. The serial correlation of -0.44 indicates that just about 44.0% of current MercadoLibre price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 3011.78 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in MercadoLibre Stock
When determining whether MercadoLibre offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MercadoLibre's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mercadolibre Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mercadolibre Stock:Check out MercadoLibre Correlation, MercadoLibre Volatility and MercadoLibre Alpha and Beta module to complement your research on MercadoLibre. For more detail on how to invest in MercadoLibre Stock please use our How to Invest in MercadoLibre guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
MercadoLibre technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.