Metalliance (France) Market Value
| MLETA Stock | EUR 8.50 0.00 0.00% |
| Symbol | Metalliance |
Metalliance '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 Metalliance'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 Metalliance.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Metalliance on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Metalliance SA or generate 0.0% return on investment in Metalliance over 720 days. Metalliance is related to or competes with Waga Energy, Groupe Sfpi, and Arcure SA. As of July 1, 2020, Metalliance Socit Anonyme operates as a subsidiary of Gaussin SA More
Metalliance 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 Metalliance'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 Metalliance SA upside and downside potential and time the market with a certain degree of confidence.
Metalliance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metalliance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metalliance's standard deviation. In reality, there are many statistical measures that can use Metalliance historical prices to predict the future Metalliance's volatility.Metalliance SA Backtested Returns
We have found three technical indicators for Metalliance, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Metalliance are completely uncorrelated.
Auto-correlation | 0.10 |
Insignificant predictability
Metalliance SA has insignificant predictability. Overlapping area represents the amount of predictability between Metalliance time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Metalliance SA price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Metalliance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Metalliance SA lagged returns against current returns
Autocorrelation, which is Metalliance 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 Metalliance's stock expected returns. We can calculate the autocorrelation of Metalliance returns to help us make a trade decision. For example, suppose you find that Metalliance 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 |
Metalliance 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 Metalliance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metalliance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metalliance stock over time.
Current vs Lagged Prices |
| Timeline |
Metalliance Lagged Returns
When evaluating Metalliance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metalliance stock have on its future price. Metalliance 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, Metalliance autocorrelation shows the relationship between Metalliance stock current value and its past values and can show if there is a momentum factor associated with investing in Metalliance SA.
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 Metalliance Stock Analysis
When running Metalliance's price analysis, check to measure Metalliance'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 Metalliance is operating at the current time. Most of Metalliance's value examination focuses on studying past and present price action to predict the probability of Metalliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalliance's price. Additionally, you may evaluate how the addition of Metalliance to your portfolios can decrease your overall portfolio volatility.