Alpargatas (Brazil) Market Value
Alpargatas' market value is the price at which a share of Alpargatas trades on a public exchange. It measures the collective expectations of Alpargatas SA investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Alpargatas SA and determine expected loss or profit from investing in Alpargatas over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
| Symbol | Alpargatas |
Alpargatas SA Backtested Returns
Alpargatas SA secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Alpargatas SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alpargatas' Standard Deviation of 2.32, risk adjusted performance of (0.10), and Mean Deviation of 1.63 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0016, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alpargatas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpargatas is expected to be smaller as well. At this point, Alpargatas SA has a negative expected return of -0.33%. Please make sure to confirm Alpargatas' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Alpargatas SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Alpargatas SA has poor predictability. Overlapping area represents the amount of predictability between Alpargatas time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 Alpargatas SA price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Alpargatas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Alpargatas SA lagged returns against current returns
Autocorrelation, which is Alpargatas preferred 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 Alpargatas' preferred stock expected returns. We can calculate the autocorrelation of Alpargatas returns to help us make a trade decision. For example, suppose you find that Alpargatas has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Alpargatas 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 Alpargatas preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpargatas preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpargatas preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Alpargatas Lagged Returns
When evaluating Alpargatas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpargatas preferred stock have on its future price. Alpargatas 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, Alpargatas autocorrelation shows the relationship between Alpargatas preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Alpargatas SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Alpargatas Preferred Stock Analysis
When running Alpargatas' price analysis, check to measure Alpargatas' 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 Alpargatas is operating at the current time. Most of Alpargatas' value examination focuses on studying past and present price action to predict the probability of Alpargatas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alpargatas' price. Additionally, you may evaluate how the addition of Alpargatas to your portfolios can decrease your overall portfolio volatility.