METISA Metalrgica (Brazil) Market Value
| MTSA4 Preferred Stock | BRL 43.42 0.01 0.02% |
| Symbol | METISA |
METISA Metalrgica '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 METISA Metalrgica's preferred 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 METISA Metalrgica.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in METISA Metalrgica on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding METISA Metalrgica Timboense or generate 0.0% return on investment in METISA Metalrgica over 90 days. METISA Metalrgica is related to or competes with Schulz SA, Fras Le, PBG SA, Springs Global, and Indstrias Romi. METISA Metalrgica Timboense S.A. manufactures and sells tractor and farm implement parts, granite saw blades, highway im... More
METISA Metalrgica 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 METISA Metalrgica's preferred 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 METISA Metalrgica Timboense upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.2908 | |||
| Maximum Drawdown | 8.28 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 3.06 |
METISA Metalrgica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for METISA Metalrgica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as METISA Metalrgica's standard deviation. In reality, there are many statistical measures that can use METISA Metalrgica historical prices to predict the future METISA Metalrgica's volatility.| Risk Adjusted Performance | 0.2073 | |||
| Jensen Alpha | 0.3749 | |||
| Total Risk Alpha | 0.5982 | |||
| Sortino Ratio | 0.3845 | |||
| Treynor Ratio | (4.05) |
METISA Metalrgica Backtested Returns
METISA Metalrgica appears to be very steady, given 3 months investment horizon. METISA Metalrgica has Sharpe Ratio of 0.28, which conveys that the firm had a 0.28 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for METISA Metalrgica, which you can use to evaluate the volatility of the firm. Please exercise METISA Metalrgica's Market Risk Adjusted Performance of (4.04), risk adjusted performance of 0.2073, and Mean Deviation of 1.35 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, METISA Metalrgica holds a performance score of 21. The company secures a Beta (Market Risk) of -0.0952, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning METISA Metalrgica are expected to decrease at a much lower rate. During the bear market, METISA Metalrgica is likely to outperform the market. Please check METISA Metalrgica's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether METISA Metalrgica's current price movements will revert.
Auto-correlation | 0.36 |
Below average predictability
METISA Metalrgica Timboense has below average predictability. Overlapping area represents the amount of predictability between METISA Metalrgica time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of METISA Metalrgica price movement. The serial correlation of 0.36 indicates that just about 36.0% of current METISA Metalrgica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
METISA Metalrgica lagged returns against current returns
Autocorrelation, which is METISA Metalrgica preferred 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 METISA Metalrgica's preferred stock expected returns. We can calculate the autocorrelation of METISA Metalrgica returns to help us make a trade decision. For example, suppose you find that METISA Metalrgica has exhibited high autocorrelation historically, and you observe that the preferred 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 |
METISA Metalrgica 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 METISA Metalrgica preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if METISA Metalrgica preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in METISA Metalrgica preferred stock over time.
Current vs Lagged Prices |
| Timeline |
METISA Metalrgica Lagged Returns
When evaluating METISA Metalrgica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of METISA Metalrgica preferred stock have on its future price. METISA Metalrgica 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, METISA Metalrgica autocorrelation shows the relationship between METISA Metalrgica preferred stock current value and its past values and can show if there is a momentum factor associated with investing in METISA Metalrgica Timboense.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for METISA Preferred Stock Analysis
When running METISA Metalrgica's price analysis, check to measure METISA Metalrgica'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 METISA Metalrgica is operating at the current time. Most of METISA Metalrgica's value examination focuses on studying past and present price action to predict the probability of METISA Metalrgica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move METISA Metalrgica's price. Additionally, you may evaluate how the addition of METISA Metalrgica to your portfolios can decrease your overall portfolio volatility.