Metro Inc Stock Market Value
| MTRAF Stock | USD 65.57 0.66 1.02% |
| Symbol | Metro |
Metro '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 Metro'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 Metro.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Metro on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Metro Inc or generate 0.0% return on investment in Metro over 180 days. Metro is related to or competes with Natural Grocers, Sprouts Farmers, Albertsons Companies, Kroger, Grocery Outlet, Ingles Markets, and Krispy Kreme. Metro Inc. operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in C... More
Metro 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 Metro'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 Metro Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.43 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 2.39 |
Metro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metro's standard deviation. In reality, there are many statistical measures that can use Metro historical prices to predict the future Metro's volatility.| Risk Adjusted Performance | 0.0579 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.6681 |
Metro Inc Backtested Returns
At this point, Metro is very steady. Metro Inc has Sharpe Ratio of 0.0704, which conveys that the firm had a 0.0704% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Metro, which you can use to evaluate the volatility of the firm. Please verify Metro's Mean Deviation of 0.6287, downside deviation of 1.35, and Risk Adjusted Performance of 0.0579 to check out if the risk estimate we provide is consistent with the expected return of 0.0712%. Metro has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0926, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Metro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metro is expected to be smaller as well. Metro Inc right now secures a risk of 1.01%. Please verify Metro Inc maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to decide if Metro Inc will be following its current price movements.
Auto-correlation | -0.02 |
Very weak reverse predictability
Metro Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Metro time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Metro Inc price movement. The serial correlation of -0.02 indicates that only 2.0% of current Metro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 2.05 |
Metro Inc lagged returns against current returns
Autocorrelation, which is Metro 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 Metro's pink sheet expected returns. We can calculate the autocorrelation of Metro returns to help us make a trade decision. For example, suppose you find that Metro 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 |
Metro 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 Metro pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metro pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metro pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Metro Lagged Returns
When evaluating Metro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metro pink sheet have on its future price. Metro 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, Metro autocorrelation shows the relationship between Metro pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Metro Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Metro Pink Sheet
Metro financial ratios help investors to determine whether Metro 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 Metro with respect to the benefits of owning Metro security.