Agrometal SAI (Argentina) Market Value
| AGRO Stock | ARS 56.00 1.80 3.32% |
| Symbol | Agrometal |
Agrometal SAI '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 Agrometal SAI'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 Agrometal SAI.
| 03/12/2024 |
| 06/10/2024 |
If you would invest 0.00 in Agrometal SAI on March 12, 2024 and sell it all today you would earn a total of 0.00 from holding Agrometal SAI or generate 0.0% return on investment in Agrometal SAI over 90 days. Agrometal SAI is related to or competes with United States, Pfizer, Wells Fargo, Distribuidora, Compania Introductora, and Molinos Agro. Agrometal S.A.I. manufactures and sells agricultural seeders in Argentina More
Agrometal SAI 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 Agrometal SAI'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 Agrometal SAI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.0776 | |||
| Maximum Drawdown | 20.97 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 7.19 |
Agrometal SAI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Agrometal SAI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Agrometal SAI's standard deviation. In reality, there are many statistical measures that can use Agrometal SAI historical prices to predict the future Agrometal SAI's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | 0.3159 | |||
| Total Risk Alpha | 0.2732 | |||
| Sortino Ratio | 0.087 | |||
| Treynor Ratio | 0.3818 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Agrometal SAI's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Agrometal SAI Backtested Returns
Agrometal SAI appears to be very steady, given 3 months investment horizon. Agrometal SAI secures Sharpe Ratio (or Efficiency) of 0.0869, which signifies that the company had a 0.0869% return per unit of risk over the last 3 months. We have found thirty technical indicators for Agrometal SAI, which you can use to evaluate the volatility of the firm. Please makes use of Agrometal SAI's Mean Deviation of 3.09, risk adjusted performance of 0.0595, and Downside Deviation of 3.62 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Agrometal SAI holds a performance score of 6. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Agrometal SAI's returns are expected to increase less than the market. However, during the bear market, the loss of holding Agrometal SAI is expected to be smaller as well. Please check Agrometal SAI's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Agrometal SAI's price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Agrometal SAI has very weak predictability. Overlapping area represents the amount of predictability between Agrometal SAI time series from 12th of March 2024 to 26th of April 2024 and 26th of April 2024 to 10th of June 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 Agrometal SAI price movement. The serial correlation of 0.16 indicates that over 16.0% of current Agrometal SAI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 9.04 |
Agrometal SAI lagged returns against current returns
Autocorrelation, which is Agrometal SAI 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 Agrometal SAI's stock expected returns. We can calculate the autocorrelation of Agrometal SAI returns to help us make a trade decision. For example, suppose you find that Agrometal SAI 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 |
Agrometal SAI 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 Agrometal SAI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Agrometal SAI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Agrometal SAI stock over time.
Current vs Lagged Prices |
| Timeline |
Agrometal SAI Lagged Returns
When evaluating Agrometal SAI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Agrometal SAI stock have on its future price. Agrometal SAI 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, Agrometal SAI autocorrelation shows the relationship between Agrometal SAI stock current value and its past values and can show if there is a momentum factor associated with investing in Agrometal SAI.
Regressed Prices |
| Timeline |
Also Currently Popular
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.| SGC | Superior Uniform Group | |
| VLN | Valens | |
| GNFT | Genfit |
Other Information on Investing in Agrometal Stock
Agrometal SAI financial ratios help investors to determine whether Agrometal 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 Agrometal with respect to the benefits of owning Agrometal SAI security.