METAL FABRICATORS's market value is the price at which a share of METAL FABRICATORS trades on a public exchange. It measures the collective expectations of METAL FABRICATORS OF investors about its performance. METAL FABRICATORS is trading at 5.01 as of the 25th of November 2024, a 0.20 percent increase since the beginning of the trading day. The stock's open price was 5.0. With this module, you can estimate the performance of a buy and hold strategy of METAL FABRICATORS OF and determine expected loss or profit from investing in METAL FABRICATORS over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Symbol
METAL
METAL FABRICATORS '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 METAL FABRICATORS's stock 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 METAL FABRICATORS.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in METAL FABRICATORS on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding METAL FABRICATORS OF or generate 0.0% return on investment in METAL FABRICATORS over 30 days.
METAL FABRICATORS 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 METAL FABRICATORS's stock 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 METAL FABRICATORS OF 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 METAL FABRICATORS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as METAL FABRICATORS's standard deviation. In reality, there are many statistical measures that can use METAL FABRICATORS historical prices to predict the future METAL FABRICATORS's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as METAL FABRICATORS. Your research has to be compared to or analyzed against METAL FABRICATORS's peers to derive any actionable benefits. When done correctly, METAL FABRICATORS'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 METAL FABRICATORS.
METAL FABRICATORS Backtested Returns
At this point, METAL FABRICATORS is very steady. METAL FABRICATORS has Sharpe Ratio of 2.0E-4, which conveys that the firm had a 2.0E-4% return per unit of standard deviation over the last 3 months. We have found nineteen technical indicators for METAL FABRICATORS, which you can use to evaluate the volatility of the firm. Please verify METAL FABRICATORS's Mean Deviation of 0.0061, market risk adjusted performance of (5.87), and Risk Adjusted Performance of (0.21) to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The company secures a Beta (Market Risk) of 0.0017, which conveys not very significant fluctuations relative to the market. As returns on the market increase, METAL FABRICATORS's returns are expected to increase less than the market. However, during the bear market, the loss of holding METAL FABRICATORS is expected to be smaller as well. METAL FABRICATORS currently secures a risk of 0.0359%. Please verify METAL FABRICATORS OF coefficient of variation, skewness, price action indicator, as well as the relationship between the information ratio and rate of daily change , to decide if METAL FABRICATORS OF will be following its current price movements.
Auto-correlation
-0.83
Excellent reverse predictability
METAL FABRICATORS OF has excellent reverse predictability. Overlapping area represents the amount of predictability between METAL FABRICATORS time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 METAL FABRICATORS price movement. The serial correlation of -0.83 indicates that around 83.0% of current METAL FABRICATORS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.83
Spearman Rank Test
-0.5
Residual Average
0.0
Price Variance
0.0
METAL FABRICATORS lagged returns against current returns
Autocorrelation, which is METAL FABRICATORS stock'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 METAL FABRICATORS's stock expected returns. We can calculate the autocorrelation of METAL FABRICATORS returns to help us make a trade decision. For example, suppose you find that METAL FABRICATORS has exhibited high autocorrelation historically, and you observe that the stock 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
METAL FABRICATORS 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 METAL FABRICATORS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if METAL FABRICATORS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in METAL FABRICATORS stock over time.
Current vs Lagged Prices
Timeline
METAL FABRICATORS Lagged Returns
When evaluating METAL FABRICATORS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of METAL FABRICATORS stock have on its future price. METAL FABRICATORS 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, METAL FABRICATORS autocorrelation shows the relationship between METAL FABRICATORS stock current value and its past values and can show if there is a momentum factor associated with investing in METAL FABRICATORS OF.
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.