Meli Hotels International Stock Market Value
| SMIZF Stock | USD 7.11 0.00 0.00% |
| Symbol | Meliá |
Meliá Hotels '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 Meliá Hotels' 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 Meliá Hotels.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Meliá Hotels on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Meli Hotels International or generate 0.0% return on investment in Meliá Hotels over 510 days. Meliá Hotels is related to or competes with Origin Materials, SBM Offshore, Ryanair Holdings, Albemarle, WT Offshore, Porvair Plc, and Ecovyst. Meli Hotels International, S.A. owns, manages, operates, leases, and franchises hotels worldwide More
Meliá Hotels 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 Meliá Hotels' 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 Meli Hotels International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0231 | |||
| Maximum Drawdown | 17.6 |
Meliá Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meliá Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meliá Hotels' standard deviation. In reality, there are many statistical measures that can use Meliá Hotels historical prices to predict the future Meliá Hotels' volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.1602 | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (12.50) |
Meli Hotels International Backtested Returns
At this point, Meliá Hotels is somewhat reliable. Meli Hotels International has Sharpe Ratio of 0.0996, which conveys that the firm had a 0.0996% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Meliá Hotels, which you can use to evaluate the volatility of the firm. Please verify Meliá Hotels' Risk Adjusted Performance of 0.08, mean deviation of 0.4824, and Standard Deviation of 1.73 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Meliá Hotels has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0127, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Meliá Hotels are expected to decrease at a much lower rate. During the bear market, Meliá Hotels is likely to outperform the market. Meli Hotels International right now secures a risk of 1.77%. Please verify Meli Hotels International information ratio and rate of daily change , to decide if Meli Hotels International will be following its current price movements.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Meli Hotels International has insignificant reverse predictability. Overlapping area represents the amount of predictability between Meliá Hotels time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Meli Hotels International price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Meliá Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Meli Hotels International lagged returns against current returns
Autocorrelation, which is Meliá Hotels 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 Meliá Hotels' pink sheet expected returns. We can calculate the autocorrelation of Meliá Hotels returns to help us make a trade decision. For example, suppose you find that Meliá Hotels 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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Meliá Hotels 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 Meliá Hotels pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meliá Hotels pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meliá Hotels pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Meliá Hotels Lagged Returns
When evaluating Meliá Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meliá Hotels pink sheet have on its future price. Meliá Hotels 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, Meliá Hotels autocorrelation shows the relationship between Meliá Hotels pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Meli Hotels International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Meliá Pink Sheet
Meliá Hotels financial ratios help investors to determine whether Meliá 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 Meliá with respect to the benefits of owning Meliá Hotels security.