Banestes (Brazil) Market Value
| BEES3 Stock | BRL 8.36 0.04 0.48% |
| Symbol | Banestes |
Banestes '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 Banestes' 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 Banestes.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Banestes on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Banestes SA or generate 0.0% return on investment in Banestes over 300 days. Banestes is related to or competes with Banestes, Banco Da, Banco ABC, Banco Do, and Banco Pine. Banestes S.A - Banco do Estado do Esprito Santo S.A More
Banestes 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 Banestes' 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 Banestes SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.8102 |
Banestes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banestes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banestes' standard deviation. In reality, there are many statistical measures that can use Banestes historical prices to predict the future Banestes' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.7167 |
Banestes SA Backtested Returns
Banestes SA secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Banestes SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Banestes' Mean Deviation of 0.4592, risk adjusted performance of (0.12), and Standard Deviation of 0.6608 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Banestes are expected to decrease at a much lower rate. During the bear market, Banestes is likely to outperform the market. At this point, Banestes SA has a negative expected return of -0.1%. Please make sure to confirm Banestes' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Banestes SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Banestes SA has insignificant predictability. Overlapping area represents the amount of predictability between Banestes time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Banestes SA price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Banestes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Banestes SA lagged returns against current returns
Autocorrelation, which is Banestes 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 Banestes' stock expected returns. We can calculate the autocorrelation of Banestes returns to help us make a trade decision. For example, suppose you find that Banestes 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 |
Banestes 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 Banestes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banestes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banestes stock over time.
Current vs Lagged Prices |
| Timeline |
Banestes Lagged Returns
When evaluating Banestes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banestes stock have on its future price. Banestes 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, Banestes autocorrelation shows the relationship between Banestes stock current value and its past values and can show if there is a momentum factor associated with investing in Banestes 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 Banestes Stock Analysis
When running Banestes' price analysis, check to measure Banestes' 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 Banestes is operating at the current time. Most of Banestes' value examination focuses on studying past and present price action to predict the probability of Banestes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banestes' price. Additionally, you may evaluate how the addition of Banestes to your portfolios can decrease your overall portfolio volatility.