ARCELORMITTAL LUXEMBOURG 675 Market Value
| 03938LAS3 | 100.47 0.83 0.83% |
| Symbol | ARCELORMITTAL |
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 bond 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.
| 12/10/2021 |
| 11/30/2023 |
If you would invest 0.00 in ARCELORMITTAL on December 10, 2021 and sell it all today you would earn a total of 0.00 from holding ARCELORMITTAL LUXEMBOURG 675 or generate 0.0% return on investment in ARCELORMITTAL over 720 days. ARCELORMITTAL is related to or competes with Publicis Groupe, Dolphin Entertainment, Transphorm Technology, Magnite, National CineMedia, Uber Technologies, and Asure Software. 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 bond 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 LUXEMBOURG 675 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.39 |
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 | 0.0218 | |||
| Jensen Alpha | 0.0229 | |||
| Total Risk Alpha | 0.0214 | |||
| Sortino Ratio | 0.0137 | |||
| Treynor Ratio | 0.1012 |
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.
ARCELORMITTAL LUXEMB Backtested Returns
We consider ARCELORMITTAL very steady. ARCELORMITTAL LUXEMB retains Efficiency (Sharpe Ratio) of 0.022, which signifies that the bond had 0.022% of return per unit of risk over the last 3 months. Our philosophy in foreseeing the volatility of a bond is to use all available market data together with bond-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for ARCELORMITTAL, which you can use to evaluate the future volatility of the entity. Please confirm ARCELORMITTAL LUXEMBOURG 675 coefficient of variation of 4540.43, and Market Risk Adjusted Performance of 0.1112 to double-check if the risk estimate we provide is consistent with the expected return of 0.0331%. The bond owns a Beta (Systematic Risk) of 0.2283, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ARCELORMITTAL returns are expected to increase less than the market. However, during the bear market, the loss on holding ARCELORMITTAL will be expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
ARCELORMITTAL LUXEMBOURG 675 has average predictability. Overlapping area represents the amount of predictability between ARCELORMITTAL time series from 10th of December 2021 to 5th of December 2022 and 5th of December 2022 to 30th of November 2023. 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 LUXEMB price movement. The serial correlation of 0.43 indicates that just about 43.0% of current ARCELORMITTAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 8.05 |
ARCELORMITTAL LUXEMB lagged returns against current returns
Autocorrelation, which is ARCELORMITTAL bond'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 bond expected returns. We can calculate the autocorrelation of ARCELORMITTAL returns to help us make a trade decision. For example, suppose you find that ARCELORMITTAL bond 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 |
| 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARCELORMITTAL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARCELORMITTAL bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in ARCELORMITTAL LUXEMBOURG 675.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ARCELORMITTAL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
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.Check out ARCELORMITTAL Correlation, ARCELORMITTAL Volatility and ARCELORMITTAL Alpha and Beta module to complement your research on ARCELORMITTAL. Note that the ARCELORMITTAL LUXEMB information on this page should be used as a complementary analysis to other ARCELORMITTAL's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for ARCELORMITTAL Bond 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 bond 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, bond market cycles, or different charting patterns.