MERCEDES-BENZ GRP (Germany) Market Value
| DAII Stock | EUR 13.80 0.10 0.73% |
| Symbol | MERCEDES-BENZ |
MERCEDES-BENZ GRP '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 MERCEDES-BENZ GRP'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 MERCEDES-BENZ GRP.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in MERCEDES-BENZ GRP on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding MERCEDES BENZ GRP ADR14 or generate 0.0% return on investment in MERCEDES-BENZ GRP over 30 days. MERCEDES-BENZ GRP is related to or competes with BYD Company, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, and Reliance Steel. Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and ... More
MERCEDES-BENZ GRP 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 MERCEDES-BENZ GRP'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 MERCEDES BENZ GRP ADR14 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.82 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 3.82 |
MERCEDES-BENZ GRP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MERCEDES-BENZ GRP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MERCEDES-BENZ GRP's standard deviation. In reality, there are many statistical measures that can use MERCEDES-BENZ GRP historical prices to predict the future MERCEDES-BENZ GRP's volatility.| Risk Adjusted Performance | 0.0138 | |||
| Jensen Alpha | 0.0764 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.02) |
MERCEDES BENZ GRP Backtested Returns
At this point, MERCEDES-BENZ GRP is not too volatile. MERCEDES BENZ GRP has Sharpe Ratio of 0.0087, which conveys that the firm had a 0.0087% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for MERCEDES-BENZ GRP, which you can use to evaluate the volatility of the firm. Please verify MERCEDES-BENZ GRP's mean deviation of 1.91, and Risk Adjusted Performance of 0.0138 to check out if the risk estimate we provide is consistent with the expected return of 0.0226%. The company secures a Beta (Market Risk) of -0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MERCEDES-BENZ GRP are expected to decrease at a much lower rate. During the bear market, MERCEDES-BENZ GRP is likely to outperform the market. MERCEDES BENZ GRP currently secures a risk of 2.61%. Please verify MERCEDES BENZ GRP ADR14 sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if MERCEDES BENZ GRP ADR14 will be following its current price movements.
Auto-correlation | -0.22 |
Weak reverse predictability
MERCEDES BENZ GRP ADR14 has weak reverse predictability. Overlapping area represents the amount of predictability between MERCEDES-BENZ GRP time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 MERCEDES BENZ GRP price movement. The serial correlation of -0.22 indicates that over 22.0% of current MERCEDES-BENZ GRP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
MERCEDES BENZ GRP lagged returns against current returns
Autocorrelation, which is MERCEDES-BENZ GRP 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 MERCEDES-BENZ GRP's stock expected returns. We can calculate the autocorrelation of MERCEDES-BENZ GRP returns to help us make a trade decision. For example, suppose you find that MERCEDES-BENZ GRP 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 |
MERCEDES-BENZ GRP 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 MERCEDES-BENZ GRP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MERCEDES-BENZ GRP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MERCEDES-BENZ GRP stock over time.
Current vs Lagged Prices |
| Timeline |
MERCEDES-BENZ GRP Lagged Returns
When evaluating MERCEDES-BENZ GRP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MERCEDES-BENZ GRP stock have on its future price. MERCEDES-BENZ GRP 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, MERCEDES-BENZ GRP autocorrelation shows the relationship between MERCEDES-BENZ GRP stock current value and its past values and can show if there is a momentum factor associated with investing in MERCEDES BENZ GRP ADR14.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MERCEDES-BENZ Stock
MERCEDES-BENZ GRP financial ratios help investors to determine whether MERCEDES-BENZ 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 MERCEDES-BENZ with respect to the benefits of owning MERCEDES-BENZ GRP security.