Azevedo Travassos (Brazil) Market Value
| AZEV4 Preferred Stock | BRL 0.92 0.11 10.68% |
| Symbol | Azevedo |
Azevedo Travassos '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 Azevedo Travassos' preferred 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 Azevedo Travassos.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Azevedo Travassos on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Azevedo Travassos SA or generate 0.0% return on investment in Azevedo Travassos over 330 days. Azevedo Travassos is related to or competes with Azevedo Travassos, Viver Incorporadora, Recrusul, and Bombril SA. Azevedo Travassos S.A. operates as an engineering company in Brazil More
Azevedo Travassos 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 Azevedo Travassos' preferred 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 Azevedo Travassos SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 20.52 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.65 |
Azevedo Travassos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azevedo Travassos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azevedo Travassos' standard deviation. In reality, there are many statistical measures that can use Azevedo Travassos historical prices to predict the future Azevedo Travassos' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (1.22) | |||
| Treynor Ratio | 1.88 |
Azevedo Travassos Backtested Returns
Azevedo Travassos secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of standard deviation over the last 3 months. Azevedo Travassos SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Azevedo Travassos' risk adjusted performance of (0.13), and Mean Deviation of 2.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Azevedo Travassos are expected to decrease at a much lower rate. During the bear market, Azevedo Travassos is likely to outperform the market. At this point, Azevedo Travassos has a negative expected return of -0.64%. Please make sure to confirm Azevedo Travassos' treynor ratio, skewness, and the relationship between the jensen alpha and value at risk , to decide if Azevedo Travassos performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Azevedo Travassos SA has average predictability. Overlapping area represents the amount of predictability between Azevedo Travassos time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd 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 Azevedo Travassos price movement. The serial correlation of 0.48 indicates that about 48.0% of current Azevedo Travassos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Azevedo Travassos lagged returns against current returns
Autocorrelation, which is Azevedo Travassos 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 Azevedo Travassos' preferred stock expected returns. We can calculate the autocorrelation of Azevedo Travassos returns to help us make a trade decision. For example, suppose you find that Azevedo Travassos 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 |
Azevedo Travassos 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 Azevedo Travassos preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azevedo Travassos preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azevedo Travassos preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Azevedo Travassos Lagged Returns
When evaluating Azevedo Travassos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azevedo Travassos preferred stock have on its future price. Azevedo Travassos 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, Azevedo Travassos autocorrelation shows the relationship between Azevedo Travassos preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Azevedo Travassos 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 Azevedo Preferred Stock Analysis
When running Azevedo Travassos' price analysis, check to measure Azevedo Travassos' 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 Azevedo Travassos is operating at the current time. Most of Azevedo Travassos' value examination focuses on studying past and present price action to predict the probability of Azevedo Travassos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azevedo Travassos' price. Additionally, you may evaluate how the addition of Azevedo Travassos to your portfolios can decrease your overall portfolio volatility.