Mytilineos Sa Stock Market Value
| MYTHF Stock | USD 32.42 0.46 1.40% |
| Symbol | Mytilineos |
Mytilineos '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 Mytilineos' pink sheet 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 Mytilineos.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Mytilineos on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Mytilineos SA or generate 0.0% return on investment in Mytilineos over 720 days. Mytilineos S.A. operates in metallurgy, sustainable engineering solution, renewables and storage development, and power ... More
Mytilineos 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 Mytilineos' pink sheet 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 Mytilineos SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.73 |
Mytilineos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mytilineos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mytilineos' standard deviation. In reality, there are many statistical measures that can use Mytilineos historical prices to predict the future Mytilineos' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 1.45 |
Mytilineos SA Backtested Returns
Mytilineos SA has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Mytilineos exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mytilineos' Standard Deviation of 1.18, mean deviation of 0.4268, and Risk Adjusted Performance of (0.14) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mytilineos are expected to decrease at a much lower rate. During the bear market, Mytilineos is likely to outperform the market. At this point, Mytilineos SA has a negative expected return of -0.22%. Please make sure to verify Mytilineos' total risk alpha, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Mytilineos SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Mytilineos SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Mytilineos time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Mytilineos SA price movement. The serial correlation of -0.82 indicates that around 82.0% of current Mytilineos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 7.23 |
Mytilineos SA lagged returns against current returns
Autocorrelation, which is Mytilineos pink sheet'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 Mytilineos' pink sheet expected returns. We can calculate the autocorrelation of Mytilineos returns to help us make a trade decision. For example, suppose you find that Mytilineos has exhibited high autocorrelation historically, and you observe that the pink sheet 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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Mytilineos 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 Mytilineos pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mytilineos pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mytilineos pink sheet over time.
Current vs Lagged Prices |
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Mytilineos Lagged Returns
When evaluating Mytilineos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mytilineos pink sheet have on its future price. Mytilineos 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, Mytilineos autocorrelation shows the relationship between Mytilineos pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mytilineos SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mytilineos Pink Sheet
Mytilineos financial ratios help investors to determine whether Mytilineos Pink Sheet 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 Mytilineos with respect to the benefits of owning Mytilineos security.