Banco Da (Brazil) Market Value
| BAZA3 Stock | BRL 87.37 1.63 1.83% |
| Symbol | Banco |
Banco Da '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 Banco Da'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 Banco Da.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Banco Da on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Banco da Amaznia or generate 0.0% return on investment in Banco Da over 30 days. Banco Da is related to or competes with Banestes, Banco Mercantil, Banco Do, Banco Do, and Banco Alfa. Banco da Amaznia S.A. provides banking products and services in the Amazon region of Brazil More
Banco Da 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 Banco Da'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 Banco da Amaznia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.62 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.47 |
Banco Da Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banco Da's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banco Da's standard deviation. In reality, there are many statistical measures that can use Banco Da historical prices to predict the future Banco Da's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.7474 |
Banco da Amaznia Backtested Returns
Banco da Amaznia secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Banco da Amaznia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Banco Da's Mean Deviation of 0.7952, standard deviation of 1.25, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Banco Da are expected to decrease at a much lower rate. During the bear market, Banco Da is likely to outperform the market. At this point, Banco da Amaznia has a negative expected return of -0.14%. Please make sure to confirm Banco Da's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Banco da Amaznia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Banco da Amaznia has very good reverse predictability. Overlapping area represents the amount of predictability between Banco Da time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Banco da Amaznia price movement. The serial correlation of -0.67 indicates that around 67.0% of current Banco Da price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 2.13 |
Banco da Amaznia lagged returns against current returns
Autocorrelation, which is Banco Da 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 Banco Da's stock expected returns. We can calculate the autocorrelation of Banco Da returns to help us make a trade decision. For example, suppose you find that Banco Da 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 |
Banco Da 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 Banco Da stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banco Da stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banco Da stock over time.
Current vs Lagged Prices |
| Timeline |
Banco Da Lagged Returns
When evaluating Banco Da's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banco Da stock have on its future price. Banco Da 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, Banco Da autocorrelation shows the relationship between Banco Da stock current value and its past values and can show if there is a momentum factor associated with investing in Banco da Amaznia.
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 Banco Stock Analysis
When running Banco Da's price analysis, check to measure Banco Da'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 Banco Da is operating at the current time. Most of Banco Da's value examination focuses on studying past and present price action to predict the probability of Banco Da's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banco Da's price. Additionally, you may evaluate how the addition of Banco Da to your portfolios can decrease your overall portfolio volatility.