A1ME34 (Brazil) Market Value
| A1ME34 Stock | BRL 47.15 0.85 1.84% |
| Symbol | A1ME34 |
A1ME34 '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 A1ME34'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 A1ME34.
| 12/30/2023 |
| 12/24/2024 |
If you would invest 0.00 in A1ME34 on December 30, 2023 and sell it all today you would earn a total of 0.00 from holding A1ME34 or generate 0.0% return on investment in A1ME34 over 360 days. A1ME34 is related to or competes with Honeywell International, General Electric, Eaton Plc, C1MI34, Otis Worldwide, ARNC34, and Aeris Indstria. AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide More
A1ME34 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 A1ME34'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 A1ME34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.1447 | |||
| Maximum Drawdown | 15.57 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.91 |
A1ME34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for A1ME34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A1ME34's standard deviation. In reality, there are many statistical measures that can use A1ME34 historical prices to predict the future A1ME34's volatility.| Risk Adjusted Performance | 0.1339 | |||
| Jensen Alpha | 0.3096 | |||
| Total Risk Alpha | 0.2538 | |||
| Sortino Ratio | 0.1792 | |||
| Treynor Ratio | 2.79 |
A1ME34 Backtested Returns
A1ME34 appears to be very steady, given 3 months investment horizon. A1ME34 secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for A1ME34, which you can use to evaluate the volatility of the entity. Please makes use of A1ME34's Mean Deviation of 1.02, downside deviation of 1.61, and Coefficient Of Variation of 619.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, A1ME34 holds a performance score of 12. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, A1ME34's returns are expected to increase less than the market. However, during the bear market, the loss of holding A1ME34 is expected to be smaller as well. Please check A1ME34's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether A1ME34's price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
A1ME34 has poor predictability. Overlapping area represents the amount of predictability between A1ME34 time series from 30th of December 2023 to 27th of June 2024 and 27th of June 2024 to 24th of December 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 A1ME34 price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current A1ME34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 14.84 |
A1ME34 lagged returns against current returns
Autocorrelation, which is A1ME34 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 A1ME34's stock expected returns. We can calculate the autocorrelation of A1ME34 returns to help us make a trade decision. For example, suppose you find that A1ME34 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 |
A1ME34 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 A1ME34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A1ME34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A1ME34 stock over time.
Current vs Lagged Prices |
| Timeline |
A1ME34 Lagged Returns
When evaluating A1ME34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A1ME34 stock have on its future price. A1ME34 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, A1ME34 autocorrelation shows the relationship between A1ME34 stock current value and its past values and can show if there is a momentum factor associated with investing in A1ME34.
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 A1ME34 Stock
A1ME34 financial ratios help investors to determine whether A1ME34 Stock 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 A1ME34 with respect to the benefits of owning A1ME34 security.