Acerinox Sa Adr Stock Market Value

ANIOY Stock  USD 5.00  0.00  0.00%   
Acerinox's market value is the price at which a share of Acerinox trades on a public exchange. It measures the collective expectations of Acerinox SA ADR investors about its performance. Acerinox is trading at 5.00 as of the 4th of December 2024; that is No Change 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 Acerinox SA ADR and determine expected loss or profit from investing in Acerinox over a given investment horizon. Check out Acerinox Correlation, Acerinox Volatility and Acerinox Alpha and Beta module to complement your research on Acerinox.
Symbol

Please note, there is a significant difference between Acerinox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Acerinox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acerinox'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.

Acerinox '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 Acerinox's pink sheet 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 Acerinox.
0.00
06/07/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/04/2024
0.00
If you would invest  0.00  in Acerinox on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Acerinox SA ADR or generate 0.0% return on investment in Acerinox over 180 days. Acerinox is related to or competes with Ta Chen, Gerdau SA, Gerdau SA, Nucor Corp, Steel Dynamics, and ArcelorMittal. Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the A... More

Acerinox 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 Acerinox's pink sheet 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 Acerinox SA ADR upside and downside potential and time the market with a certain degree of confidence.

Acerinox Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Acerinox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acerinox's standard deviation. In reality, there are many statistical measures that can use Acerinox historical prices to predict the future Acerinox's volatility.
Hype
Prediction
LowEstimatedHigh
2.565.007.44
Details
Intrinsic
Valuation
LowRealHigh
1.784.226.66
Details
Naive
Forecast
LowNextHigh
2.645.077.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.744.905.06
Details

Acerinox SA ADR Backtested Returns

At this stage we consider Acerinox Pink Sheet to be slightly risky. Acerinox SA ADR secures Sharpe Ratio (or Efficiency) of 0.0118, which signifies that the company had a 0.0118% return per unit of standard deviation over the last 3 months. We have found eighteen technical indicators for Acerinox SA ADR, which you can use to evaluate the volatility of the firm. Please confirm Acerinox's mean deviation of 1.2, and Risk Adjusted Performance of (0.02) to double-check if the risk estimate we provide is consistent with the expected return of 0.0284%. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Acerinox's returns are expected to increase less than the market. However, during the bear market, the loss of holding Acerinox is expected to be smaller as well. Acerinox SA ADR right now shows a risk of 2.42%. Please confirm Acerinox SA ADR market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to decide if Acerinox SA ADR will be following its price patterns.

Auto-correlation

    
  0.24  

Weak predictability

Acerinox SA ADR has weak predictability. Overlapping area represents the amount of predictability between Acerinox time series from 7th of June 2024 to 5th of September 2024 and 5th of September 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 Acerinox SA ADR price movement. The serial correlation of 0.24 indicates that over 24.0% of current Acerinox price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test-0.1
Residual Average0.0
Price Variance0.07

Acerinox SA ADR lagged returns against current returns

Autocorrelation, which is Acerinox pink sheet'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 Acerinox's pink sheet expected returns. We can calculate the autocorrelation of Acerinox returns to help us make a trade decision. For example, suppose you find that Acerinox has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

Acerinox 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 Acerinox pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acerinox pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acerinox pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Acerinox Lagged Returns

When evaluating Acerinox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acerinox pink sheet have on its future price. Acerinox 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, Acerinox autocorrelation shows the relationship between Acerinox pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Acerinox SA ADR.
   Regressed Prices   
       Timeline  

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Additional Tools for Acerinox Pink Sheet Analysis

When running Acerinox's price analysis, check to measure Acerinox's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Acerinox is operating at the current time. Most of Acerinox's value examination focuses on studying past and present price action to predict the probability of Acerinox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acerinox's price. Additionally, you may evaluate how the addition of Acerinox to your portfolios can decrease your overall portfolio volatility.