ARCELORMITTAL's market value is the price at which a share of ARCELORMITTAL trades on an exchange. It measures the collective expectations of ARCELORMITTAL LUXEMBOURG 6125 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of ARCELORMITTAL LUXEMBOURG 6125 and determine expected loss or profit from investing in ARCELORMITTAL over a given investment horizon. Check out ARCELORMITTAL Correlation, ARCELORMITTAL Volatility and ARCELORMITTAL Alpha and Beta module to complement your research on ARCELORMITTAL.
Please note, there is a significant difference between ARCELORMITTAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if ARCELORMITTAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARCELORMITTAL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ARCELORMITTAL '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 ARCELORMITTAL's bond 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 ARCELORMITTAL.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in ARCELORMITTAL on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding ARCELORMITTAL LUXEMBOURG 6125 or generate 0.0% return on investment in ARCELORMITTAL over 30 days. ARCELORMITTAL is related to or competes with Haemonetics, Vital Farms, John B, Lincoln Electric, Tyson Foods, MEDIFAST INC, and Nyxoah. More
ARCELORMITTAL 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 ARCELORMITTAL's bond 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 ARCELORMITTAL LUXEMBOURG 6125 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARCELORMITTAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARCELORMITTAL's standard deviation. In reality, there are many statistical measures that can use ARCELORMITTAL historical prices to predict the future ARCELORMITTAL's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ARCELORMITTAL. Your research has to be compared to or analyzed against ARCELORMITTAL's peers to derive any actionable benefits. When done correctly, ARCELORMITTAL's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ARCELORMITTAL LUXEMB.
ARCELORMITTAL LUXEMB Backtested Returns
ARCELORMITTAL LUXEMB retains Efficiency (Sharpe Ratio) of -0.0979, which signifies that the bond had a -0.0979% return per unit of risk over the last 3 months. ARCELORMITTAL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ARCELORMITTAL's variance of 0.2225, and Market Risk Adjusted Performance of 0.4231 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0579, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ARCELORMITTAL are expected to decrease at a much lower rate. During the bear market, ARCELORMITTAL is likely to outperform the market.
Auto-correlation
0.24
Weak predictability
ARCELORMITTAL LUXEMBOURG 6125 has weak predictability. Overlapping area represents the amount of predictability between ARCELORMITTAL time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ARCELORMITTAL LUXEMB price movement. The serial correlation of 0.24 indicates that over 24.0% of current ARCELORMITTAL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.24
Spearman Rank Test
0.38
Residual Average
0.0
Price Variance
0.05
ARCELORMITTAL LUXEMB lagged returns against current returns
Autocorrelation, which is ARCELORMITTAL bond'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 ARCELORMITTAL's bond expected returns. We can calculate the autocorrelation of ARCELORMITTAL returns to help us make a trade decision. For example, suppose you find that ARCELORMITTAL has exhibited high autocorrelation historically, and you observe that the bond 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
ARCELORMITTAL 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 ARCELORMITTAL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARCELORMITTAL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARCELORMITTAL bond over time.
Current vs Lagged Prices
Timeline
ARCELORMITTAL Lagged Returns
When evaluating ARCELORMITTAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARCELORMITTAL bond have on its future price. ARCELORMITTAL 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, ARCELORMITTAL autocorrelation shows the relationship between ARCELORMITTAL bond current value and its past values and can show if there is a momentum factor associated with investing in ARCELORMITTAL LUXEMBOURG 6125.
Regressed Prices
Timeline
Also Currently Popular
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.
Other Information on Investing in ARCELORMITTAL Bond
ARCELORMITTAL financial ratios help investors to determine whether ARCELORMITTAL Bond 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 ARCELORMITTAL with respect to the benefits of owning ARCELORMITTAL security.