ArcelorMittal's market value is the price at which a share of ArcelorMittal stock trades on a public exchange. It measures the collective expectations of ArcelorMittal SA ADR investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of ArcelorMittal SA ADR and determine expected loss or profit from investing in ArcelorMittal over a given investment horizon. Check out ArcelorMittal Correlation, ArcelorMittal Volatility and ArcelorMittal Alpha and Beta module to complement your research on ArcelorMittal.
ArcelorMittal SA ADR Valuation
Is ArcelorMittal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ArcelorMittal. If investors know ArcelorMittal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ArcelorMittal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
Revenue Per Share
Quarterly Revenue Growth
The market value of ArcelorMittal SA ADR is measured differently than its book value, which is the value of ArcelorMittal that is recorded on the company's balance sheet. Investors also form their own opinion of ArcelorMittal's value that differs from its market value or its book value, called intrinsic value, which is ArcelorMittal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ArcelorMittal's market value can be influenced by many factors that don't directly affect ArcelorMittal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ArcelorMittal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ArcelorMittal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcelorMittal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ArcelorMittal '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 ArcelorMittal'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 ArcelorMittal.
No Change 0.00
In 30 days
If you would invest 0.00 in ArcelorMittal on January 29, 2024 and sell it all today you would earn a total of 0.00 from holding ArcelorMittal SA ADR or generate 0.0% return on investment in ArcelorMittal over 30 days. ArcelorMittal is related to or competes with Kingsway Financial, Cars, Gentex, Essent, Radian, BRP, and Loews Corp. ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North a... More
ArcelorMittal 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 ArcelorMittal'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 ArcelorMittal SA ADR upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ArcelorMittal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ArcelorMittal's standard deviation. In reality, there are many statistical measures that can use ArcelorMittal historical prices to predict the future ArcelorMittal's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ArcelorMittal'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. Please use the tools below to analyze the current value of ArcelorMittal in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ArcelorMittal. Your research has to be compared to or analyzed against ArcelorMittal's peers to derive any actionable benefits. When done correctly, ArcelorMittal's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ArcelorMittal SA ADR.
ArcelorMittal SA ADR Backtested Returns
We consider ArcelorMittal very steady. ArcelorMittal SA ADR secures Sharpe Ratio (or Efficiency) of 0.0535, which signifies that the company had 0.0535% return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for ArcelorMittal SA ADR, which you can use to evaluate the future volatility of the firm. Please confirm ArcelorMittal's risk adjusted performance of 0.069, and Mean Deviation of 1.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.0931%. ArcelorMittal has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.63, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ArcelorMittal will likely underperform. Although it is important to respect ArcelorMittal SA ADR historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. ArcelorMittal SA ADR right now shows a risk of 1.74%. Please confirm ArcelorMittal SA ADR total risk alpha, as well as the relationship between the downside variance and daily balance of power to decide if ArcelorMittal SA ADR will be following its price patterns.
Insignificant reverse predictability
ArcelorMittal SA ADR has insignificant reverse predictability. Overlapping area represents the amount of predictability between ArcelorMittal time series from 29th of January 2024 to 13th of February 2024 and 13th of February 2024 to 28th of February 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 ArcelorMittal SA ADR price movement. The serial correlation of -0.15 indicates that less than 15.0% of current ArcelorMittal price fluctuation can be explain by its past prices.
Spearman Rank Test
ArcelorMittal SA ADR lagged returns against current returns
Autocorrelation, which is ArcelorMittal 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 ArcelorMittal's stock expected returns. We can calculate the autocorrelation of ArcelorMittal returns to help us make a trade decision. For example, suppose you find that ArcelorMittal stock 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 stock movement to match the lagging time series.
Current and Lagged Values
ArcelorMittal 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 ArcelorMittal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ArcelorMittal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ArcelorMittal stock over time.
Current vs Lagged Prices
ArcelorMittal Lagged Returns
When evaluating ArcelorMittal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ArcelorMittal stock have on its future price. ArcelorMittal 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, ArcelorMittal autocorrelation shows the relationship between ArcelorMittal stock current value and its past values and can show if there is a momentum factor associated with investing in ArcelorMittal SA ADR.
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When determining whether ArcelorMittal SA ADR is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ArcelorMittal Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Arcelormittal Sa Adr Stock. Highlighted below are key reports to facilitate an investment decision about Arcelormittal Sa Adr Stock:
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for ArcelorMittal Stock analysis
When running ArcelorMittal's price analysis, check to measure ArcelorMittal'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 ArcelorMittal is operating at the current time. Most of ArcelorMittal's value examination focuses on studying past and present price action to predict the probability of ArcelorMittal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ArcelorMittal's price. Additionally, you may evaluate how the addition of ArcelorMittal to your portfolios can decrease your overall portfolio volatility.
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ArcelorMittal technical stock 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, stock market cycles, or different charting patterns.
A focus of ArcelorMittal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ArcelorMittal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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