Melexis Nv Stock Market Value
| MLXSF Stock | USD 74.25 0.00 0.00% |
| Symbol | Melexis |
Melexis NV '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 Melexis NV's pink sheet 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 Melexis NV.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in Melexis NV on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Melexis NV or generate 0.0% return on investment in Melexis NV over 180 days. Melexis NV is related to or competes with Boyd Gaming, Kandi Technologies, NetEase, Doubledown Interactive, and Nextplat Corp. Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive ... More
Melexis NV 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 Melexis NV's pink sheet 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 Melexis NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 32.1 |
Melexis NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melexis NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melexis NV's standard deviation. In reality, there are many statistical measures that can use Melexis NV historical prices to predict the future Melexis NV's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Melexis NV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Melexis NV Backtested Returns
Melexis NV has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Melexis NV exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Melexis NV's Risk Adjusted Performance of (0.08), standard deviation of 3.96, and Mean Deviation of 0.9588 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.78, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Melexis NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Melexis NV is expected to be smaller as well. At this point, Melexis NV has a negative expected return of -0.46%. Please make sure to verify Melexis NV's variance and kurtosis , to decide if Melexis NV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Melexis NV has no correlation between past and present. Overlapping area represents the amount of predictability between Melexis NV time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 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 Melexis NV price movement. The serial correlation of 0.0 indicates that just 0.0% of current Melexis NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 270.07 |
Melexis NV lagged returns against current returns
Autocorrelation, which is Melexis NV pink sheet'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 Melexis NV's pink sheet expected returns. We can calculate the autocorrelation of Melexis NV returns to help us make a trade decision. For example, suppose you find that Melexis NV has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Melexis NV 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 Melexis NV pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melexis NV pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melexis NV pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Melexis NV Lagged Returns
When evaluating Melexis NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melexis NV pink sheet have on its future price. Melexis NV 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, Melexis NV autocorrelation shows the relationship between Melexis NV pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Melexis NV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Melexis Pink Sheet
Melexis NV financial ratios help investors to determine whether Melexis Pink Sheet 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 Melexis with respect to the benefits of owning Melexis NV security.