Mytilineos (Greece) Market Value
| MYTIL Stock | EUR 38.20 0.24 0.63% |
| 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' 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 Mytilineos.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Mytilineos on December 16, 2024 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 90 days. Mytilineos is related to or competes with Eurobank Ergasias, Bank of Greece, Interlife General, Hellenic Telecommunicatio, As Commercial, Piraeus Financial, and National Bank. Mytilineos Holdings S.A., through its subsidiaries, engages in metallurgy, engineering, procurement, construction, and e... 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' 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 Mytilineos SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.2584 | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.79 |
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 | 0.1693 | |||
| Jensen Alpha | 0.2901 | |||
| Total Risk Alpha | 0.445 | |||
| Sortino Ratio | 0.2778 | |||
| Treynor Ratio | 1.11 |
Mytilineos SA Backtested Returns
At this point, Mytilineos is very steady. Mytilineos SA has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mytilineos, which you can use to evaluate the volatility of the firm. Please verify Mytilineos' Downside Deviation of 1.34, mean deviation of 1.1, and Risk Adjusted Performance of 0.1693 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Mytilineos has a performance score of 10 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mytilineos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mytilineos is expected to be smaller as well. Mytilineos SA right now secures a risk of 1.47%. Please verify Mytilineos SA potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Mytilineos SA will be following its current price movements.
Auto-correlation | 0.17 |
Very weak predictability
Mytilineos SA has very weak predictability. Overlapping area represents the amount of predictability between Mytilineos 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 Mytilineos SA price movement. The serial correlation of 0.17 indicates that over 17.0% of current Mytilineos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.61 |
Mytilineos SA lagged returns against current returns
Autocorrelation, which is Mytilineos 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 Mytilineos' stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mytilineos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mytilineos stock over time.
Current vs Lagged Prices |
| Timeline |
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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Mytilineos SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Mytilineos Stock
Mytilineos financial ratios help investors to determine whether Mytilineos 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 Mytilineos with respect to the benefits of owning Mytilineos security.