Melrose Industries Plc Stock Market Value
| MLSPF Stock | USD 8.11 0.09 1.10% |
| Symbol | Melrose |
Melrose Industries '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 Melrose Industries' 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 Melrose Industries.
| 07/28/2022 |
| 04/18/2024 |
If you would invest 0.00 in Melrose Industries on July 28, 2022 and sell it all today you would earn a total of 0.00 from holding Melrose Industries PLC or generate 0.0% return on investment in Melrose Industries over 630 days. Melrose Industries is related to or competes with GE Aerospace, Eaton PLC, Siemens AG, Illinois Tool, Parker Hannifin, and Emerson Electric. Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the U... More
Melrose Industries 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 Melrose Industries' 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 Melrose Industries PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.74 | |||
| Information Ratio | 0.0548 | |||
| Maximum Drawdown | 16.37 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 4.94 |
Melrose Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melrose Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melrose Industries' standard deviation. In reality, there are many statistical measures that can use Melrose Industries historical prices to predict the future Melrose Industries' volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | 0.1594 | |||
| Total Risk Alpha | 0.0033 | |||
| Sortino Ratio | 0.0281 | |||
| Treynor Ratio | 0.4229 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Melrose Industries' 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.
Melrose Industries PLC Backtested Returns
We consider Melrose Industries somewhat reliable. Melrose Industries PLC has Sharpe Ratio of 0.0739, which conveys that the firm had a 0.0739% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Melrose Industries, which you can use to evaluate the volatility of the firm. Please verify Melrose Industries' Downside Deviation of 4.74, risk adjusted performance of 0.0563, and Mean Deviation of 1.04 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Melrose Industries has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Melrose Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Melrose Industries is expected to be smaller as well. Melrose Industries PLC right now secures a risk of 2.51%. Please verify Melrose Industries PLC potential upside, and the relationship between the sortino ratio and skewness , to decide if Melrose Industries PLC will be following its current price movements.
Auto-correlation | 0.61 |
Good predictability
Melrose Industries PLC has good predictability. Overlapping area represents the amount of predictability between Melrose Industries time series from 28th of July 2022 to 8th of June 2023 and 8th of June 2023 to 18th of April 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 Melrose Industries PLC price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Melrose Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Melrose Industries PLC lagged returns against current returns
Autocorrelation, which is Melrose Industries 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 Melrose Industries' pink sheet expected returns. We can calculate the autocorrelation of Melrose Industries returns to help us make a trade decision. For example, suppose you find that Melrose Industries 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 |
| Timeline |
Melrose Industries 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 Melrose Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melrose Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melrose Industries pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Melrose Industries Lagged Returns
When evaluating Melrose Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melrose Industries pink sheet have on its future price. Melrose Industries 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, Melrose Industries autocorrelation shows the relationship between Melrose Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Melrose Industries PLC.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Melrose Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Melrose Industries' short interest history, or implied volatility extrapolated from Melrose Industries options trading.
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Complementary Tools for Melrose Pink Sheet analysis
When running Melrose Industries' price analysis, check to measure Melrose Industries' 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 Melrose Industries is operating at the current time. Most of Melrose Industries' value examination focuses on studying past and present price action to predict the probability of Melrose Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melrose Industries' price. Additionally, you may evaluate how the addition of Melrose Industries to your portfolios can decrease your overall portfolio volatility.
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Melrose Industries technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.