ArcelorMittal South (South Africa) Market Value
| ACL Stock | 101.00 4.00 3.81% |
| Symbol | ArcelorMittal |
ArcelorMittal South '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 South'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 ArcelorMittal South.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ArcelorMittal South on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding ArcelorMittal South Africa or generate 0.0% return on investment in ArcelorMittal South over 90 days. ArcelorMittal South is related to or competes with Safari Investments, Afine Investments, RCL Foods, Deneb Investments, HomeChoice Investments, Zeder Investments, and Hosken Consolidated. More
ArcelorMittal South 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 South'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 ArcelorMittal South Africa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 39.27 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 12.17 |
ArcelorMittal South Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ArcelorMittal South's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ArcelorMittal South's standard deviation. In reality, there are many statistical measures that can use ArcelorMittal South historical prices to predict the future ArcelorMittal South's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | 0.6727 | |||
| Treynor Ratio | 0.1598 |
ArcelorMittal South Backtested Returns
ArcelorMittal South secures Sharpe Ratio (or Efficiency) of -0.0173, which signifies that the company had a -0.0173 % return per unit of standard deviation over the last 3 months. ArcelorMittal South Africa exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ArcelorMittal South's risk adjusted performance of (0.01), and Mean Deviation of 4.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.2, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ArcelorMittal South are expected to decrease by larger amounts. On the other hand, during market turmoil, ArcelorMittal South is expected to outperform it. At this point, ArcelorMittal South has a negative expected return of -0.12%. Please make sure to confirm ArcelorMittal South's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if ArcelorMittal South performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
ArcelorMittal South Africa has very weak predictability. Overlapping area represents the amount of predictability between ArcelorMittal South time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 South price movement. The serial correlation of 0.17 indicates that over 17.0% of current ArcelorMittal South price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 233.4 |
ArcelorMittal South lagged returns against current returns
Autocorrelation, which is ArcelorMittal South 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 ArcelorMittal South's stock expected returns. We can calculate the autocorrelation of ArcelorMittal South returns to help us make a trade decision. For example, suppose you find that ArcelorMittal South 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 |
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ArcelorMittal South 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 South stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ArcelorMittal South stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ArcelorMittal South stock over time.
Current vs Lagged Prices |
| Timeline |
ArcelorMittal South Lagged Returns
When evaluating ArcelorMittal South's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ArcelorMittal South stock have on its future price. ArcelorMittal South 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 South autocorrelation shows the relationship between ArcelorMittal South stock current value and its past values and can show if there is a momentum factor associated with investing in ArcelorMittal South Africa.
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 Stock
ArcelorMittal South financial ratios help investors to determine whether ArcelorMittal 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 ArcelorMittal with respect to the benefits of owning ArcelorMittal South security.