Sendas Distribuidora (Brazil) Market Value
| ASAI3 Stock | BRL 6.60 0.17 2.51% |
| Symbol | Sendas |
Sendas Distribuidora '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 Sendas Distribuidora'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 Sendas Distribuidora.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sendas Distribuidora on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sendas Distribuidora SA or generate 0.0% return on investment in Sendas Distribuidora over 30 days. Sendas Distribuidora is related to or competes with Companhia Brasileira, Atacado SA, Pet Center, and Natura Co. Sendas Distribuidora S.A. engages in the retail and wholesale sale of food products, bazaar items, and other products in... More
Sendas Distribuidora 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 Sendas Distribuidora'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 Sendas Distribuidora SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (6.08) | |||
| Potential Upside | 4.44 |
Sendas Distribuidora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sendas Distribuidora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sendas Distribuidora's standard deviation. In reality, there are many statistical measures that can use Sendas Distribuidora historical prices to predict the future Sendas Distribuidora's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | 2.83 |
Sendas Distribuidora Backtested Returns
Sendas Distribuidora owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Sendas Distribuidora SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sendas Distribuidora's Risk Adjusted Performance of (0.11), variance of 10.75, and Coefficient Of Variation of (635.75) to confirm the risk estimate we provide. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sendas Distribuidora are expected to decrease at a much lower rate. During the bear market, Sendas Distribuidora is likely to outperform the market. At this point, Sendas Distribuidora has a negative expected return of -0.56%. Please make sure to validate Sendas Distribuidora's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Sendas Distribuidora performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Sendas Distribuidora SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sendas Distribuidora time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Sendas Distribuidora price movement. The serial correlation of -0.16 indicates that over 16.0% of current Sendas Distribuidora price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Sendas Distribuidora lagged returns against current returns
Autocorrelation, which is Sendas Distribuidora 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 Sendas Distribuidora's stock expected returns. We can calculate the autocorrelation of Sendas Distribuidora returns to help us make a trade decision. For example, suppose you find that Sendas Distribuidora 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 |
Sendas Distribuidora 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 Sendas Distribuidora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sendas Distribuidora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sendas Distribuidora stock over time.
Current vs Lagged Prices |
| Timeline |
Sendas Distribuidora Lagged Returns
When evaluating Sendas Distribuidora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sendas Distribuidora stock have on its future price. Sendas Distribuidora 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, Sendas Distribuidora autocorrelation shows the relationship between Sendas Distribuidora stock current value and its past values and can show if there is a momentum factor associated with investing in Sendas Distribuidora 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 Sendas Stock Analysis
When running Sendas Distribuidora's price analysis, check to measure Sendas Distribuidora'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 Sendas Distribuidora is operating at the current time. Most of Sendas Distribuidora's value examination focuses on studying past and present price action to predict the probability of Sendas Distribuidora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sendas Distribuidora's price. Additionally, you may evaluate how the addition of Sendas Distribuidora to your portfolios can decrease your overall portfolio volatility.