Companhia Catarinense (Brazil) Market Value
| CASN4 Preferred Stock | BRL 6.56 0.00 0.00% |
| Symbol | Companhia |
Companhia Catarinense '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 Companhia Catarinense's preferred 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 Companhia Catarinense.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Companhia Catarinense on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Companhia Catarinense de or generate 0.0% return on investment in Companhia Catarinense over 30 days. Companhia Catarinense is related to or competes with Cognizant Technology, Iron Mountain, Medical Properties, Home Depot, and United States. Companhia Catarinense de guas e Saneamento - CASAN engages in the water supply business in Santa Catarina and Parana, Br... More
Companhia Catarinense 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 Companhia Catarinense's preferred 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 Companhia Catarinense de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0171 | |||
| Maximum Drawdown | 0.768 |
Companhia Catarinense Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Catarinense's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Catarinense's standard deviation. In reality, there are many statistical measures that can use Companhia Catarinense historical prices to predict the future Companhia Catarinense's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | 0.0026 | |||
| Treynor Ratio | (0.04) |
Companhia Catarinense Backtested Returns
Currently, Companhia Catarinense de is very steady. Companhia Catarinense secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Companhia Catarinense de, which you can use to evaluate the volatility of the firm. Please confirm Companhia Catarinense's Risk Adjusted Performance of 0.03, standard deviation of 0.0991, and Mean Deviation of 0.0252 to double-check if the risk estimate we provide is consistent with the expected return of 0.0128%. Companhia Catarinense has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0627, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Companhia Catarinense are expected to decrease at a much lower rate. During the bear market, Companhia Catarinense is likely to outperform the market. Companhia Catarinense right now shows a risk of 0.0991%. Please confirm Companhia Catarinense jensen alpha, skewness, and the relationship between the information ratio and maximum drawdown , to decide if Companhia Catarinense will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Companhia Catarinense de has no correlation between past and present. Overlapping area represents the amount of predictability between Companhia Catarinense time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Companhia Catarinense price movement. The serial correlation of 0.0 indicates that just 0.0% of current Companhia Catarinense 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 |
Companhia Catarinense lagged returns against current returns
Autocorrelation, which is Companhia Catarinense preferred 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 Companhia Catarinense's preferred stock expected returns. We can calculate the autocorrelation of Companhia Catarinense returns to help us make a trade decision. For example, suppose you find that Companhia Catarinense has exhibited high autocorrelation historically, and you observe that the preferred 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 |
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Companhia Catarinense 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 Companhia Catarinense preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Catarinense preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Catarinense preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Catarinense Lagged Returns
When evaluating Companhia Catarinense's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Catarinense preferred stock have on its future price. Companhia Catarinense 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, Companhia Catarinense autocorrelation shows the relationship between Companhia Catarinense preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Catarinense de.
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 Companhia Preferred Stock Analysis
When running Companhia Catarinense's price analysis, check to measure Companhia Catarinense'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 Companhia Catarinense is operating at the current time. Most of Companhia Catarinense's value examination focuses on studying past and present price action to predict the probability of Companhia Catarinense's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Catarinense's price. Additionally, you may evaluate how the addition of Companhia Catarinense to your portfolios can decrease your overall portfolio volatility.