Aeternal Mentis (Spain) Market Value
| AMEN Stock | 8.55 0.00 0.00% |
| Symbol | Aeternal |
Aeternal Mentis '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 Aeternal Mentis' 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 Aeternal Mentis.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Aeternal Mentis on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Aeternal Mentis SA or generate 0.0% return on investment in Aeternal Mentis over 30 days. Aeternal Mentis is related to or competes with Borges Agricultural, Naturhouse Health, Atrys Health, and Bankinter. More
Aeternal Mentis 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 Aeternal Mentis' 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 Aeternal Mentis SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 5.52 |
Aeternal Mentis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aeternal Mentis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aeternal Mentis' standard deviation. In reality, there are many statistical measures that can use Aeternal Mentis historical prices to predict the future Aeternal Mentis' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (8.84) |
Aeternal Mentis SA Backtested Returns
Aeternal Mentis SA secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Aeternal Mentis SA exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aeternal Mentis' Standard Deviation of 0.6801, mean deviation of 0.1649, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0106, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aeternal Mentis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aeternal Mentis is expected to be smaller as well. At this point, Aeternal Mentis SA has a negative expected return of -0.0863%. Please make sure to confirm Aeternal Mentis' kurtosis, day median price, and the relationship between the skewness and rate of daily change , to decide if Aeternal Mentis SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Aeternal Mentis SA has perfect predictability. Overlapping area represents the amount of predictability between Aeternal Mentis time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Aeternal Mentis SA price movement. The serial correlation of 1.0 indicates that 100.0% of current Aeternal Mentis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aeternal Mentis SA lagged returns against current returns
Autocorrelation, which is Aeternal Mentis 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 Aeternal Mentis' stock expected returns. We can calculate the autocorrelation of Aeternal Mentis returns to help us make a trade decision. For example, suppose you find that Aeternal Mentis 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 |
Aeternal Mentis 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 Aeternal Mentis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aeternal Mentis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aeternal Mentis stock over time.
Current vs Lagged Prices |
| Timeline |
Aeternal Mentis Lagged Returns
When evaluating Aeternal Mentis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aeternal Mentis stock have on its future price. Aeternal Mentis 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, Aeternal Mentis autocorrelation shows the relationship between Aeternal Mentis stock current value and its past values and can show if there is a momentum factor associated with investing in Aeternal Mentis SA.
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 Aeternal Stock
Aeternal Mentis financial ratios help investors to determine whether Aeternal 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 Aeternal with respect to the benefits of owning Aeternal Mentis security.