CSN Minerao (Brazil) Market Value
| CMIN3 Stock | 5.19 0.08 1.57% |
| Symbol | CSN |
CSN Minerao '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 CSN Minerao'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 CSN Minerao.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in CSN Minerao on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding CSN Minerao SA or generate 0.0% return on investment in CSN Minerao over 30 days.
CSN Minerao 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 CSN Minerao'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 CSN Minerao SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.0061 | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 5.14 |
CSN Minerao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSN Minerao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSN Minerao's standard deviation. In reality, there are many statistical measures that can use CSN Minerao historical prices to predict the future CSN Minerao's volatility.| Risk Adjusted Performance | 0.0379 | |||
| Jensen Alpha | 0.1227 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0056 | |||
| Treynor Ratio | (3.63) |
CSN Minerao SA Backtested Returns
Currently, CSN Minerao SA is moderately volatile. CSN Minerao SA secures Sharpe Ratio (or Efficiency) of 0.0202, which signifies that the company had a 0.0202% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CSN Minerao SA, which you can use to evaluate the volatility of the firm. Please confirm CSN Minerao's risk adjusted performance of 0.0379, and Mean Deviation of 2.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.0666%. CSN Minerao has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0329, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CSN Minerao are expected to decrease at a much lower rate. During the bear market, CSN Minerao is likely to outperform the market. CSN Minerao SA currently shows a risk of 3.29%. Please confirm CSN Minerao SA standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if CSN Minerao SA will be following its price patterns.
Auto-correlation | -0.86 |
Excellent reverse predictability
CSN Minerao SA has excellent reverse predictability. Overlapping area represents the amount of predictability between CSN Minerao time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 CSN Minerao SA price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current CSN Minerao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
CSN Minerao SA lagged returns against current returns
Autocorrelation, which is CSN Minerao 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 CSN Minerao's stock expected returns. We can calculate the autocorrelation of CSN Minerao returns to help us make a trade decision. For example, suppose you find that CSN Minerao 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 |
CSN Minerao 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 CSN Minerao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSN Minerao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSN Minerao stock over time.
Current vs Lagged Prices |
| Timeline |
CSN Minerao Lagged Returns
When evaluating CSN Minerao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSN Minerao stock have on its future price. CSN Minerao 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, CSN Minerao autocorrelation shows the relationship between CSN Minerao stock current value and its past values and can show if there is a momentum factor associated with investing in CSN Minerao 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 CSN Stock Analysis
When running CSN Minerao's price analysis, check to measure CSN Minerao'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 CSN Minerao is operating at the current time. Most of CSN Minerao's value examination focuses on studying past and present price action to predict the probability of CSN Minerao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSN Minerao's price. Additionally, you may evaluate how the addition of CSN Minerao to your portfolios can decrease your overall portfolio volatility.