Minerva SA (Brazil) Market Value
| BEEF3 Stock | BRL 5.64 0.05 0.89% |
| Symbol | Minerva |
Minerva 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 Minerva 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 Minerva SA.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Minerva SA on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Minerva SA or generate 0.0% return on investment in Minerva SA over 540 days. Minerva SA is related to or competes with Marfrig Global, JBS SA, BRF SA, SLC Agrcola, and MRV Engenharia. Minerva S.A. engages in the production and sale of fresh beef, livestock, and by-products in Brazil More
Minerva 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 Minerva 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 Minerva SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 9.37 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 2.95 |
Minerva SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minerva SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minerva SA's standard deviation. In reality, there are many statistical measures that can use Minerva SA historical prices to predict the future Minerva SA's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (2.93) |
Minerva SA Backtested Returns
Minerva SA has Sharpe Ratio of -0.24, which conveys that the firm had a -0.24% return per unit of risk over the last 3 months. Minerva SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minerva SA's Mean Deviation of 1.61, standard deviation of 2.02, and Risk Adjusted Performance of (0.18) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Minerva SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Minerva SA is expected to be smaller as well. At this point, Minerva SA has a negative expected return of -0.49%. Please make sure to verify Minerva SA's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Minerva SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Minerva SA has insignificant predictability. Overlapping area represents the amount of predictability between Minerva SA time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Minerva SA price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Minerva SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Minerva SA lagged returns against current returns
Autocorrelation, which is Minerva 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 Minerva SA's stock expected returns. We can calculate the autocorrelation of Minerva SA returns to help us make a trade decision. For example, suppose you find that Minerva 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 |
Minerva 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 Minerva SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minerva SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minerva SA stock over time.
Current vs Lagged Prices |
| Timeline |
Minerva SA Lagged Returns
When evaluating Minerva SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minerva SA stock have on its future price. Minerva 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, Minerva SA autocorrelation shows the relationship between Minerva SA stock current value and its past values and can show if there is a momentum factor associated with investing in Minerva SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Minerva Stock Analysis
When running Minerva SA's price analysis, check to measure Minerva 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 Minerva SA is operating at the current time. Most of Minerva SA's value examination focuses on studying past and present price action to predict the probability of Minerva 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 Minerva SA's price. Additionally, you may evaluate how the addition of Minerva SA to your portfolios can decrease your overall portfolio volatility.