Tronox Pigmentos (Brazil) Market Value
| CRPG6 Preferred Stock | BRL 23.26 0.75 3.12% |
| Symbol | Tronox |
Tronox Pigmentos '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 Tronox Pigmentos' 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 Tronox Pigmentos.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Tronox Pigmentos on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tronox Pigmentos do or generate 0.0% return on investment in Tronox Pigmentos over 60 days. Tronox Pigmentos is related to or competes with Tronox Pigmentos, Unipar Carbocloro, Empresa Metropolitana, Unipar Carbocloro, and Cia De. Cristal Pigmentos do Brasil S.A. produces and sells titanium dioxide pigments worldwide More
Tronox Pigmentos 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 Tronox Pigmentos' 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 Tronox Pigmentos do upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 1.72 |
Tronox Pigmentos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tronox Pigmentos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tronox Pigmentos' standard deviation. In reality, there are many statistical measures that can use Tronox Pigmentos historical prices to predict the future Tronox Pigmentos' volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (2.50) |
Tronox Pigmentos Backtested Returns
Tronox Pigmentos owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.27, which indicates the firm had a -0.27% return per unit of risk over the last 3 months. Tronox Pigmentos do exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tronox Pigmentos' Coefficient Of Variation of (403.60), risk adjusted performance of (0.19), and Variance of 1.61 to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tronox Pigmentos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tronox Pigmentos is expected to be smaller as well. At this point, Tronox Pigmentos has a negative expected return of -0.32%. Please make sure to validate Tronox Pigmentos' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Tronox Pigmentos performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Tronox Pigmentos do has poor predictability. Overlapping area represents the amount of predictability between Tronox Pigmentos time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Tronox Pigmentos price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Tronox Pigmentos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Tronox Pigmentos lagged returns against current returns
Autocorrelation, which is Tronox Pigmentos 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 Tronox Pigmentos' preferred stock expected returns. We can calculate the autocorrelation of Tronox Pigmentos returns to help us make a trade decision. For example, suppose you find that Tronox Pigmentos 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 |
| Timeline |
Tronox Pigmentos 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 Tronox Pigmentos preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tronox Pigmentos preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tronox Pigmentos preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Tronox Pigmentos Lagged Returns
When evaluating Tronox Pigmentos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tronox Pigmentos preferred stock have on its future price. Tronox Pigmentos 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, Tronox Pigmentos autocorrelation shows the relationship between Tronox Pigmentos preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Tronox Pigmentos do.
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.Additional Tools for Tronox Preferred Stock Analysis
When running Tronox Pigmentos' price analysis, check to measure Tronox Pigmentos' 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 Tronox Pigmentos is operating at the current time. Most of Tronox Pigmentos' value examination focuses on studying past and present price action to predict the probability of Tronox Pigmentos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tronox Pigmentos' price. Additionally, you may evaluate how the addition of Tronox Pigmentos to your portfolios can decrease your overall portfolio volatility.