Vina Concha (Chile) Market Value
| CONCHATORO | CLP 1,065 8.10 0.75% |
| Symbol | Vina |
Vina Concha '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 Vina Concha'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 Vina Concha.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Vina Concha on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Vina Concha To or generate 0.0% return on investment in Vina Concha over 30 days. Vina Concha is related to or competes with Cencosud, Falabella, Empresas Copec, Banco Santander, and Parq Arauco. Via Concha y Toro S.A., together with its subsidiaries, produces and distributes wines in Chile More
Vina Concha 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 Vina Concha'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 Vina Concha To upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.4 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.52 |
Vina Concha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vina Concha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vina Concha's standard deviation. In reality, there are many statistical measures that can use Vina Concha historical prices to predict the future Vina Concha's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.76) |
Vina Concha To Backtested Returns
Vina Concha To owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0872, which indicates the firm had a -0.0872% return per unit of risk over the last 3 months. Vina Concha To exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vina Concha's Risk Adjusted Performance of (0.11), variance of 1.03, and Coefficient Of Variation of (653.24) to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vina Concha's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vina Concha is expected to be smaller as well. At this point, Vina Concha To has a negative expected return of -0.087%. Please make sure to validate Vina Concha's skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Vina Concha To performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Vina Concha To has good predictability. Overlapping area represents the amount of predictability between Vina Concha time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Vina Concha To price movement. The serial correlation of 0.78 indicates that around 78.0% of current Vina Concha price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 111.5 |
Vina Concha To lagged returns against current returns
Autocorrelation, which is Vina Concha 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 Vina Concha's stock expected returns. We can calculate the autocorrelation of Vina Concha returns to help us make a trade decision. For example, suppose you find that Vina Concha 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 |
Vina Concha 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 Vina Concha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vina Concha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vina Concha stock over time.
Current vs Lagged Prices |
| Timeline |
Vina Concha Lagged Returns
When evaluating Vina Concha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vina Concha stock have on its future price. Vina Concha 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, Vina Concha autocorrelation shows the relationship between Vina Concha stock current value and its past values and can show if there is a momentum factor associated with investing in Vina Concha To.
Regressed Prices |
| Timeline |
Pair Trading with Vina Concha
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vina Concha position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vina Concha will appreciate offsetting losses from the drop in the long position's value.Moving together with Vina Stock
Moving against Vina Stock
| 0.48 | AFPCAPITAL | AFP Capital SA | PairCorr |
The ability to find closely correlated positions to Vina Concha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vina Concha when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vina Concha - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vina Concha To to buy it.
The correlation of Vina Concha is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vina Concha moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vina Concha To moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Vina Concha can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Vina Stock Analysis
When running Vina Concha's price analysis, check to measure Vina Concha'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 Vina Concha is operating at the current time. Most of Vina Concha's value examination focuses on studying past and present price action to predict the probability of Vina Concha's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vina Concha's price. Additionally, you may evaluate how the addition of Vina Concha to your portfolios can decrease your overall portfolio volatility.