Arcelormittal Sa Adr Stock Market Value
| MT Stock | USD 25.19 0.62 2.40% |
| Symbol | ArcelorMittal |
ArcelorMittal SA ADR Price To Book Ratio
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 (0.01) | Dividend Share 0.5 | Earnings Share 1.09 | Revenue Per Share 40.5435 | Quarterly Revenue Growth (0.14) |
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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in ArcelorMittal on March 25, 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 Cleveland Cliffs, Reliance Steel, Commercial Metals, POSCO Holdings, and Ternium SA. 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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.52 |
ArcelorMittal Market Risk Indicators
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.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
ArcelorMittal SA ADR Backtested Returns
ArcelorMittal SA ADR secures Sharpe Ratio (or Efficiency) of -0.072, which signifies that the company had a -0.072% return per unit of standard deviation over the last 3 months. ArcelorMittal SA ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ArcelorMittal's mean deviation of 1.17, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.52, 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. ArcelorMittal SA ADR has an expected return of -0.13%. Please make sure to confirm ArcelorMittal SA ADR maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if ArcelorMittal SA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
ArcelorMittal SA ADR has modest reverse predictability. Overlapping area represents the amount of predictability between ArcelorMittal time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 ArcelorMittal SA ADR price movement. The serial correlation of -0.42 indicates that just about 42.0% of current ArcelorMittal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
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 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 |
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 |
| Timeline |
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.
Regressed Prices |
| Timeline |
ArcelorMittal Implied Volatility | 40.62 |
ArcelorMittal's implied volatility exposes the market's sentiment of ArcelorMittal SA ADR stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ArcelorMittal's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ArcelorMittal stock will not fluctuate a lot when ArcelorMittal's options are near their expiration.
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 ArcelorMittal 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, ArcelorMittal's short interest history, or implied volatility extrapolated from ArcelorMittal options trading.
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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.