Eramet SA (France) Market Value
| ERA Stock | EUR 92.65 0.70 0.76% |
| Symbol | Eramet |
Eramet SA '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 Eramet SA'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 Eramet SA.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Eramet SA on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Eramet SA or generate 0.0% return on investment in Eramet SA over 30 days. Eramet SA is related to or competes with EPC Groupe, Groupe Sfpi, Baikowski SASU, and NSE SA. ERAMET S.A. operates as a mining and metallurgical company worldwide More
Eramet SA 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 Eramet SA'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 Eramet SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.1968 | |||
| Maximum Drawdown | 13.59 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 4.14 |
Eramet SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eramet SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eramet SA's standard deviation. In reality, there are many statistical measures that can use Eramet SA historical prices to predict the future Eramet SA's volatility.| Risk Adjusted Performance | 0.1509 | |||
| Jensen Alpha | 0.6485 | |||
| Total Risk Alpha | 0.2988 | |||
| Sortino Ratio | 0.2399 | |||
| Treynor Ratio | (0.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eramet SA'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.
Eramet SA Backtested Returns
Eramet SA appears to be very steady, given 3 months investment horizon. Eramet SA secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the company had a 0.26% return per unit of standard deviation over the last 3 months. By reviewing Eramet SA's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Eramet SA's Downside Deviation of 2.17, mean deviation of 1.9, and Semi Deviation of 1.79 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eramet SA holds a performance score of 20. The firm shows a Beta (market volatility) of -0.85, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Eramet SA are expected to decrease slowly. On the other hand, during market turmoil, Eramet SA is expected to outperform it slightly. Please check Eramet SA's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether Eramet SA's price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Eramet SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eramet SA time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Eramet SA price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Eramet SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 60.47 |
Eramet SA lagged returns against current returns
Autocorrelation, which is Eramet SA 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 Eramet SA's stock expected returns. We can calculate the autocorrelation of Eramet SA returns to help us make a trade decision. For example, suppose you find that Eramet SA 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 |
Eramet SA 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 Eramet SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eramet SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eramet SA stock over time.
Current vs Lagged Prices |
| Timeline |
Eramet SA Lagged Returns
When evaluating Eramet SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eramet SA stock have on its future price. Eramet SA 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, Eramet SA autocorrelation shows the relationship between Eramet SA stock current value and its past values and can show if there is a momentum factor associated with investing in Eramet SA.
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 Eramet SA 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, Eramet SA's short interest history, or implied volatility extrapolated from Eramet SA options trading.
Pair Trading with Eramet SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eramet SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eramet SA will appreciate offsetting losses from the drop in the long position's value.Moving against Eramet Stock
| 0.81 | MLCMG | CMG Cleantech SA | PairCorr |
| 0.74 | ALHYG | Hybrigenics | PairCorr |
| 0.74 | ALMET | Methanor | PairCorr |
| 0.72 | ABLD | AbL Diagnostics SA | PairCorr |
| 0.72 | MLITN | Italy Innovazioni SpA | PairCorr |
The ability to find closely correlated positions to Eramet SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eramet SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eramet SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eramet SA to buy it.
The correlation of Eramet SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eramet SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eramet SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eramet SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Eramet SA Correlation, Eramet SA Volatility and Eramet SA Alpha and Beta module to complement your research on Eramet SA. Note that the Eramet SA information on this page should be used as a complementary analysis to other Eramet SA'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Eramet Stock analysis
When running Eramet SA's price analysis, check to measure Eramet SA'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 Eramet SA is operating at the current time. Most of Eramet SA's value examination focuses on studying past and present price action to predict the probability of Eramet SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eramet SA's price. Additionally, you may evaluate how the addition of Eramet SA to your portfolios can decrease your overall portfolio volatility.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |
Eramet SA 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.