Metacon AB (Sweden) Market Value
| META Stock | 0.13 0.02 13.33% |
| Symbol | Metacon |
Metacon AB '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 Metacon AB'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 Metacon AB.
| 04/30/2024 |
| 12/26/2024 |
If you would invest 0.00 in Metacon AB on April 30, 2024 and sell it all today you would earn a total of 0.00 from holding Metacon AB or generate 0.0% return on investment in Metacon AB over 240 days. Metacon AB is related to or competes with Troax Group, OptiCept Technologies, and BoMill AB. More
Metacon AB 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 Metacon AB'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 Metacon AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 53.79 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 6.98 |
Metacon AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metacon AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metacon AB's standard deviation. In reality, there are many statistical measures that can use Metacon AB historical prices to predict the future Metacon AB's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (1.44) | |||
| Total Risk Alpha | (1.77) | |||
| Treynor Ratio | 5.76 |
Metacon AB Backtested Returns
Metacon AB has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23% return per unit of risk over the last 3 months. Metacon AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metacon AB's Risk Adjusted Performance of (0.14), mean deviation of 4.58, and Standard Deviation of 7.59 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Metacon AB are expected to decrease at a much lower rate. During the bear market, Metacon AB is likely to outperform the market. At this point, Metacon AB has a negative expected return of -1.75%. Please make sure to verify Metacon AB's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Metacon AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Metacon AB has modest reverse predictability. Overlapping area represents the amount of predictability between Metacon AB time series from 30th of April 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Metacon AB price movement. The serial correlation of -0.47 indicates that about 47.0% of current Metacon AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Metacon AB lagged returns against current returns
Autocorrelation, which is Metacon AB 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 Metacon AB's stock expected returns. We can calculate the autocorrelation of Metacon AB returns to help us make a trade decision. For example, suppose you find that Metacon AB 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 |
Metacon AB 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 Metacon AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metacon AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metacon AB stock over time.
Current vs Lagged Prices |
| Timeline |
Metacon AB Lagged Returns
When evaluating Metacon AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metacon AB stock have on its future price. Metacon AB 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, Metacon AB autocorrelation shows the relationship between Metacon AB stock current value and its past values and can show if there is a momentum factor associated with investing in Metacon AB.
Regressed Prices |
| Timeline |
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Additional Tools for Metacon Stock Analysis
When running Metacon AB's price analysis, check to measure Metacon AB'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 Metacon AB is operating at the current time. Most of Metacon AB's value examination focuses on studying past and present price action to predict the probability of Metacon AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metacon AB's price. Additionally, you may evaluate how the addition of Metacon AB to your portfolios can decrease your overall portfolio volatility.