Mytilineos Holdings Sa Stock Market Value
| MYTHY Stock | USD 32.07 1.16 3.49% |
| Symbol | Mytilineos |
Mytilineos Holdings '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 Mytilineos Holdings' 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 Mytilineos Holdings.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mytilineos Holdings on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Mytilineos Holdings SA or generate 0.0% return on investment in Mytilineos Holdings over 180 days. Mytilineos Holdings is related to or competes with Honeywell International, MDU Resources, Compass Diversified, and Valmont Industries. Mytilineos S.A. operates in metallurgy, sustainable engineering solution, renewables and storage development, and power ... More
Mytilineos Holdings 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 Mytilineos Holdings' 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 Mytilineos Holdings SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.97 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 33.31 | |||
| Value At Risk | (7.20) | |||
| Potential Upside | 9.34 |
Mytilineos Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mytilineos Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mytilineos Holdings' standard deviation. In reality, there are many statistical measures that can use Mytilineos Holdings historical prices to predict the future Mytilineos Holdings' volatility.| Risk Adjusted Performance | 0.009 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0.72) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0689 |
Mytilineos Holdings Backtested Returns
Mytilineos Holdings has Sharpe Ratio of -0.0077, which conveys that the firm had a -0.0077% return per unit of risk over the last 3 months. Mytilineos Holdings exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mytilineos Holdings' Mean Deviation of 2.12, risk adjusted performance of 0.009, and Downside Deviation of 6.97 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0907, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mytilineos Holdings are expected to decrease at a much lower rate. During the bear market, Mytilineos Holdings is likely to outperform the market. At this point, Mytilineos Holdings has a negative expected return of -0.0322%. Please make sure to verify Mytilineos Holdings' downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Mytilineos Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Mytilineos Holdings SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mytilineos Holdings time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Mytilineos Holdings price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Mytilineos Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 6.99 |
Mytilineos Holdings lagged returns against current returns
Autocorrelation, which is Mytilineos Holdings 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 Mytilineos Holdings' pink sheet expected returns. We can calculate the autocorrelation of Mytilineos Holdings returns to help us make a trade decision. For example, suppose you find that Mytilineos Holdings 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 |
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Mytilineos Holdings 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 Mytilineos Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mytilineos Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mytilineos Holdings pink sheet over time.
Current vs Lagged Prices |
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Mytilineos Holdings Lagged Returns
When evaluating Mytilineos Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mytilineos Holdings pink sheet have on its future price. Mytilineos Holdings 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, Mytilineos Holdings autocorrelation shows the relationship between Mytilineos Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mytilineos Holdings SA.
Regressed Prices |
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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 Mytilineos Pink Sheet Analysis
When running Mytilineos Holdings' price analysis, check to measure Mytilineos Holdings' 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 Mytilineos Holdings is operating at the current time. Most of Mytilineos Holdings' value examination focuses on studying past and present price action to predict the probability of Mytilineos Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mytilineos Holdings' price. Additionally, you may evaluate how the addition of Mytilineos Holdings to your portfolios can decrease your overall portfolio volatility.