CASAN Companhia (Brazil) Market Value
| CASN3 Stock | BRL 8.81 0.00 0.00% |
| Symbol | CASAN |
CASAN Companhia '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 CASAN Companhia'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 CASAN Companhia.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in CASAN Companhia on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding CASAN Companhia or generate 0.0% return on investment in CASAN Companhia over 30 days. CASAN Companhia is related to or competes with CVS Health, Marfrig Global, Verizon Communications, Planet Fitness, METISA Metalrgica, MAHLE Metal, and NXP Semiconductors. Companhia Catarinense de guas e Saneamento - CASAN engages in the water supply business in Santa Catarina and Parana, Br... More
CASAN Companhia 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 CASAN Companhia'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 CASAN Companhia upside and downside potential and time the market with a certain degree of confidence.
CASAN Companhia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CASAN Companhia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CASAN Companhia's standard deviation. In reality, there are many statistical measures that can use CASAN Companhia historical prices to predict the future CASAN Companhia's volatility.CASAN Companhia Backtested Returns
We have found three technical indicators for CASAN Companhia, which you can use to evaluate the volatility of the entity. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CASAN Companhia are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
CASAN Companhia has no correlation between past and present. Overlapping area represents the amount of predictability between CASAN Companhia time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 CASAN Companhia price movement. The serial correlation of 0.0 indicates that just 0.0% of current CASAN Companhia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CASAN Companhia lagged returns against current returns
Autocorrelation, which is CASAN Companhia 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 CASAN Companhia's stock expected returns. We can calculate the autocorrelation of CASAN Companhia returns to help us make a trade decision. For example, suppose you find that CASAN Companhia 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 |
CASAN Companhia 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 CASAN Companhia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CASAN Companhia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CASAN Companhia stock over time.
Current vs Lagged Prices |
| Timeline |
CASAN Companhia Lagged Returns
When evaluating CASAN Companhia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CASAN Companhia stock have on its future price. CASAN Companhia 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, CASAN Companhia autocorrelation shows the relationship between CASAN Companhia stock current value and its past values and can show if there is a momentum factor associated with investing in CASAN Companhia.
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 CASAN Stock Analysis
When running CASAN Companhia's price analysis, check to measure CASAN Companhia'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 CASAN Companhia is operating at the current time. Most of CASAN Companhia's value examination focuses on studying past and present price action to predict the probability of CASAN Companhia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CASAN Companhia's price. Additionally, you may evaluate how the addition of CASAN Companhia to your portfolios can decrease your overall portfolio volatility.