Braskem SA (Brazil) Market Value
| BRKM3 Stock | BRL 14.85 0.35 2.30% |
| Symbol | Braskem |
Braskem 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 Braskem 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 Braskem SA.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Braskem SA on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Braskem SA or generate 0.0% return on investment in Braskem SA over 60 days. Braskem SA is related to or competes with G2D Investments, New Oriental, Apartment Investment, Trade Desk, CM Hospitalar, Salesforce, and TAL Education. Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins More
Braskem 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 Braskem 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 Braskem SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.18 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 3.83 |
Braskem SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Braskem SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Braskem SA's standard deviation. In reality, there are many statistical measures that can use Braskem SA historical prices to predict the future Braskem SA's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (10.42) |
Braskem SA Backtested Returns
Braskem SA secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Braskem SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Braskem SA's mean deviation of 1.66, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0239, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Braskem SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Braskem SA is expected to be smaller as well. At this point, Braskem SA has a negative expected return of -0.27%. Please make sure to confirm Braskem SA's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Braskem SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Braskem SA has excellent predictability. Overlapping area represents the amount of predictability between Braskem SA time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Braskem SA price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Braskem SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Braskem SA lagged returns against current returns
Autocorrelation, which is Braskem 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 Braskem SA's stock expected returns. We can calculate the autocorrelation of Braskem SA returns to help us make a trade decision. For example, suppose you find that Braskem 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 |
Braskem 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 Braskem SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Braskem SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Braskem SA stock over time.
Current vs Lagged Prices |
| Timeline |
Braskem SA Lagged Returns
When evaluating Braskem SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Braskem SA stock have on its future price. Braskem 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, Braskem SA autocorrelation shows the relationship between Braskem SA stock current value and its past values and can show if there is a momentum factor associated with investing in Braskem 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 Braskem Stock Analysis
When running Braskem SA's price analysis, check to measure Braskem 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 Braskem SA is operating at the current time. Most of Braskem SA's value examination focuses on studying past and present price action to predict the probability of Braskem 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 Braskem SA's price. Additionally, you may evaluate how the addition of Braskem SA to your portfolios can decrease your overall portfolio volatility.