Celulosa Argentina (Argentina) Market Value
| CELU Stock | ARS 952.00 21.00 2.16% |
| Symbol | Celulosa |
Celulosa Argentina '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 Celulosa Argentina'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 Celulosa Argentina.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Celulosa Argentina on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Celulosa Argentina SA or generate 0.0% return on investment in Celulosa Argentina over 30 days. Celulosa Argentina is related to or competes with Compania, Transportadora, Harmony Gold, Agrometal SAI, Telecom Argentina, and United States. Celulosa Argentina S.A. operates in the forest industry sector in Argentina, Uruguay, and internationally More
Celulosa Argentina 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 Celulosa Argentina'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 Celulosa Argentina SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 13.4 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 3.76 |
Celulosa Argentina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celulosa Argentina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celulosa Argentina's standard deviation. In reality, there are many statistical measures that can use Celulosa Argentina historical prices to predict the future Celulosa Argentina's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 10.9 |
Celulosa Argentina Backtested Returns
Celulosa Argentina 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. Celulosa Argentina SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Celulosa Argentina's Risk Adjusted Performance of (0.09), mean deviation of 1.95, and Standard Deviation of 2.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.035, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Celulosa Argentina are expected to decrease at a much lower rate. During the bear market, Celulosa Argentina is likely to outperform the market. At this point, Celulosa Argentina has a negative expected return of -0.36%. Please make sure to confirm Celulosa Argentina's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Celulosa Argentina performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Celulosa Argentina SA has insignificant predictability. Overlapping area represents the amount of predictability between Celulosa Argentina time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Celulosa Argentina price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Celulosa Argentina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 298.43 |
Celulosa Argentina lagged returns against current returns
Autocorrelation, which is Celulosa Argentina 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 Celulosa Argentina's stock expected returns. We can calculate the autocorrelation of Celulosa Argentina returns to help us make a trade decision. For example, suppose you find that Celulosa Argentina 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 |
Celulosa Argentina 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 Celulosa Argentina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celulosa Argentina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celulosa Argentina stock over time.
Current vs Lagged Prices |
| Timeline |
Celulosa Argentina Lagged Returns
When evaluating Celulosa Argentina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celulosa Argentina stock have on its future price. Celulosa Argentina 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, Celulosa Argentina autocorrelation shows the relationship between Celulosa Argentina stock current value and its past values and can show if there is a momentum factor associated with investing in Celulosa Argentina 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.Other Information on Investing in Celulosa Stock
Celulosa Argentina financial ratios help investors to determine whether Celulosa Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Celulosa with respect to the benefits of owning Celulosa Argentina security.