Corporacion Aceros (Peru) Market Value
| CORAREI1 | 1.05 0.04 3.96% |
| Symbol | Corporacion |
Please note, there is a significant difference between Corporacion Aceros' value and its price as these two are different measures arrived at by different means. Investors typically determine if Corporacion Aceros is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corporacion Aceros' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Corporacion Aceros '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 Corporacion Aceros' 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 Corporacion Aceros.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Corporacion Aceros on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Corporacion Aceros Arequipa or generate 0.0% return on investment in Corporacion Aceros over 270 days. More
Corporacion Aceros 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 Corporacion Aceros' 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 Corporacion Aceros Arequipa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.53 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.88 |
Corporacion Aceros Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corporacion Aceros' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corporacion Aceros' standard deviation. In reality, there are many statistical measures that can use Corporacion Aceros historical prices to predict the future Corporacion Aceros' volatility.| Risk Adjusted Performance | 0.0481 | |||
| Jensen Alpha | 0.0899 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.62) |
Corporacion Aceros Backtested Returns
Corporacion Aceros is very risky at the moment. Corporacion Aceros secures Sharpe Ratio (or Efficiency) of 0.0074, which signifies that the company had a 0.0074% return per unit of risk over the last 3 months. We have found thirty technical indicators for Corporacion Aceros Arequipa, which you can use to evaluate the volatility of the firm. Please confirm Corporacion Aceros' Risk Adjusted Performance of 0.0481, mean deviation of 1.05, and Downside Deviation of 2.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0112%. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Corporacion Aceros are expected to decrease at a much lower rate. During the bear market, Corporacion Aceros is likely to outperform the market. Corporacion Aceros right now shows a risk of 1.51%. Please confirm Corporacion Aceros rate of daily change, period momentum indicator, as well as the relationship between the expected short fall and maximum drawdown , to decide if Corporacion Aceros will be following its price patterns.
Auto-correlation | 0.57 |
Modest predictability
Corporacion Aceros Arequipa has modest predictability. Overlapping area represents the amount of predictability between Corporacion Aceros time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Corporacion Aceros price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Corporacion Aceros price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Corporacion Aceros lagged returns against current returns
Autocorrelation, which is Corporacion Aceros 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 Corporacion Aceros' stock expected returns. We can calculate the autocorrelation of Corporacion Aceros returns to help us make a trade decision. For example, suppose you find that Corporacion Aceros 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 |
Corporacion Aceros 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 Corporacion Aceros stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corporacion Aceros stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corporacion Aceros stock over time.
Current vs Lagged Prices |
| Timeline |
Corporacion Aceros Lagged Returns
When evaluating Corporacion Aceros' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corporacion Aceros stock have on its future price. Corporacion Aceros 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, Corporacion Aceros autocorrelation shows the relationship between Corporacion Aceros stock current value and its past values and can show if there is a momentum factor associated with investing in Corporacion Aceros Arequipa.
Regressed Prices |
| Timeline |
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Corporacion Aceros financial ratios help investors to determine whether Corporacion 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 Corporacion with respect to the benefits of owning Corporacion Aceros security.