Stmicroelectronics Nv Stock Market Value
| STMEF Stock | USD 23.39 0.46 1.93% |
| Symbol | STMicroelectronics |
STMicroelectronics '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 STMicroelectronics' 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 STMicroelectronics.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in STMicroelectronics on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding STMicroelectronics NV or generate 0.0% return on investment in STMicroelectronics over 720 days. STMicroelectronics is related to or competes with Silicon Laboratories, Power Integrations, Diodes Incorporated, MaxLinear, Amkor Technology, Microchip Technology, and ON Semiconductor. STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor produc... More
STMicroelectronics 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 STMicroelectronics' 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 STMicroelectronics NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 16.82 | |||
| Value At Risk | (7.83) | |||
| Potential Upside | 5.64 |
STMicroelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STMicroelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STMicroelectronics' standard deviation. In reality, there are many statistical measures that can use STMicroelectronics historical prices to predict the future STMicroelectronics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 1.43 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of STMicroelectronics' 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.
STMicroelectronics Backtested Returns
STMicroelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of standard deviation over the last 3 months. STMicroelectronics NV exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STMicroelectronics' variance of 14.83, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STMicroelectronics are expected to decrease at a much lower rate. During the bear market, STMicroelectronics is likely to outperform the market. At this point, STMicroelectronics has a negative expected return of -0.43%. Please make sure to validate STMicroelectronics' potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if STMicroelectronics performance from the past will be repeated at some future point.
Auto-correlation | 0.06 |
Virtually no predictability
STMicroelectronics NV has virtually no predictability. Overlapping area represents the amount of predictability between STMicroelectronics time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 STMicroelectronics price movement. The serial correlation of 0.06 indicates that barely 6.0% of current STMicroelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 57.56 |
STMicroelectronics lagged returns against current returns
Autocorrelation, which is STMicroelectronics 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 STMicroelectronics' pink sheet expected returns. We can calculate the autocorrelation of STMicroelectronics returns to help us make a trade decision. For example, suppose you find that STMicroelectronics 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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STMicroelectronics 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 STMicroelectronics pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STMicroelectronics pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STMicroelectronics pink sheet over time.
Current vs Lagged Prices |
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STMicroelectronics Lagged Returns
When evaluating STMicroelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STMicroelectronics pink sheet have on its future price. STMicroelectronics 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, STMicroelectronics autocorrelation shows the relationship between STMicroelectronics pink sheet current value and its past values and can show if there is a momentum factor associated with investing in STMicroelectronics NV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in STMicroelectronics Pink Sheet
STMicroelectronics financial ratios help investors to determine whether STMicroelectronics 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 STMicroelectronics with respect to the benefits of owning STMicroelectronics security.