METTLER TOLEDO (Germany) Market Value
| MTO Stock | EUR 1,178 2.00 0.17% |
| Symbol | METTLER |
METTLER TOLEDO '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 METTLER TOLEDO'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 METTLER TOLEDO.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in METTLER TOLEDO on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding METTLER TOLEDO INTL or generate 0.0% return on investment in METTLER TOLEDO over 30 days. METTLER TOLEDO is related to or competes with AAC TECHNOLOGHLDGADR, Richardson Electronics, Meiko Electronics, Axcelis Technologies, ARROW ELECTRONICS, and KIMBALL ELECTRONICS. More
METTLER TOLEDO 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 METTLER TOLEDO'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 METTLER TOLEDO INTL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.04 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.5 |
METTLER TOLEDO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for METTLER TOLEDO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as METTLER TOLEDO's standard deviation. In reality, there are many statistical measures that can use METTLER TOLEDO historical prices to predict the future METTLER TOLEDO's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.28) |
METTLER TOLEDO INTL Backtested Returns
METTLER TOLEDO INTL has Sharpe Ratio of -0.0768, which conveys that the firm had a -0.0768% return per unit of standard deviation over the last 3 months. METTLER TOLEDO exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify METTLER TOLEDO's Mean Deviation of 1.03, market risk adjusted performance of (0.27), and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, METTLER TOLEDO's returns are expected to increase less than the market. However, during the bear market, the loss of holding METTLER TOLEDO is expected to be smaller as well. At this point, METTLER TOLEDO INTL has a negative expected return of -0.13%. Please make sure to verify METTLER TOLEDO's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if METTLER TOLEDO INTL performance from the past will be repeated at future time.
Auto-correlation | -0.84 |
Excellent reverse predictability
METTLER TOLEDO INTL has excellent reverse predictability. Overlapping area represents the amount of predictability between METTLER TOLEDO time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 METTLER TOLEDO INTL price movement. The serial correlation of -0.84 indicates that around 84.0% of current METTLER TOLEDO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 919.32 |
METTLER TOLEDO INTL lagged returns against current returns
Autocorrelation, which is METTLER TOLEDO 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 METTLER TOLEDO's stock expected returns. We can calculate the autocorrelation of METTLER TOLEDO returns to help us make a trade decision. For example, suppose you find that METTLER TOLEDO 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 |
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METTLER TOLEDO 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 METTLER TOLEDO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if METTLER TOLEDO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in METTLER TOLEDO stock over time.
Current vs Lagged Prices |
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METTLER TOLEDO Lagged Returns
When evaluating METTLER TOLEDO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of METTLER TOLEDO stock have on its future price. METTLER TOLEDO 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, METTLER TOLEDO autocorrelation shows the relationship between METTLER TOLEDO stock current value and its past values and can show if there is a momentum factor associated with investing in METTLER TOLEDO INTL.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for METTLER Stock Analysis
When running METTLER TOLEDO's price analysis, check to measure METTLER TOLEDO'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 METTLER TOLEDO is operating at the current time. Most of METTLER TOLEDO's value examination focuses on studying past and present price action to predict the probability of METTLER TOLEDO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move METTLER TOLEDO's price. Additionally, you may evaluate how the addition of METTLER TOLEDO to your portfolios can decrease your overall portfolio volatility.