Metso Outotec (Germany) Market Value
| M6Q Stock | EUR 8.86 0.13 1.45% |
| Symbol | Metso |
Metso Outotec '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 Metso Outotec'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 Metso Outotec.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Metso Outotec on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Metso Outotec Oyj or generate 0.0% return on investment in Metso Outotec over 180 days. Metso Outotec is related to or competes with FARO Technologies, NetSol Technologies, DiamondRock Hospitality, ACCSYS TECHPLC, Natural Health, Bausch Health, and SHIP HEALTHCARE. Metso Outotec Oyj provides sustainable technologies, end-to-end solutions, and services for minerals processing, aggrega... More
Metso Outotec 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 Metso Outotec'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 Metso Outotec Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | 0.0061 | |||
| Maximum Drawdown | 9.42 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.36 |
Metso Outotec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metso Outotec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metso Outotec's standard deviation. In reality, there are many statistical measures that can use Metso Outotec historical prices to predict the future Metso Outotec's volatility.| Risk Adjusted Performance | 0.024 | |||
| Jensen Alpha | 0.0334 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0063 | |||
| Treynor Ratio | 1.67 |
Metso Outotec Oyj Backtested Returns
At this point, Metso Outotec is not too volatile. Metso Outotec Oyj has Sharpe Ratio of 0.0515, which conveys that the firm had a 0.0515% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Metso Outotec, which you can use to evaluate the volatility of the firm. Please verify Metso Outotec's Mean Deviation of 1.38, downside deviation of 1.86, and Risk Adjusted Performance of 0.024 to check out if the risk estimate we provide is consistent with the expected return of 0.096%. Metso Outotec has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0203, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Metso Outotec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metso Outotec is expected to be smaller as well. Metso Outotec Oyj right now secures a risk of 1.86%. Please verify Metso Outotec Oyj maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Metso Outotec Oyj will be following its current price movements.
Auto-correlation | 0.25 |
Poor predictability
Metso Outotec Oyj has poor predictability. Overlapping area represents the amount of predictability between Metso Outotec time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Metso Outotec Oyj price movement. The serial correlation of 0.25 indicates that over 25.0% of current Metso Outotec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Metso Outotec Oyj lagged returns against current returns
Autocorrelation, which is Metso Outotec 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 Metso Outotec's stock expected returns. We can calculate the autocorrelation of Metso Outotec returns to help us make a trade decision. For example, suppose you find that Metso Outotec 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 |
Metso Outotec 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 Metso Outotec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metso Outotec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metso Outotec stock over time.
Current vs Lagged Prices |
| Timeline |
Metso Outotec Lagged Returns
When evaluating Metso Outotec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metso Outotec stock have on its future price. Metso Outotec 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, Metso Outotec autocorrelation shows the relationship between Metso Outotec stock current value and its past values and can show if there is a momentum factor associated with investing in Metso Outotec Oyj.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Metso Stock
Metso Outotec financial ratios help investors to determine whether Metso 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 Metso with respect to the benefits of owning Metso Outotec security.