Garovaglio (Argentina) Market Value
| GARO Stock | ARS 135.25 2.50 1.88% |
| Symbol | Garovaglio |
Garovaglio '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 Garovaglio'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 Garovaglio.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Garovaglio on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Garovaglio y Zorraquin or generate 0.0% return on investment in Garovaglio over 180 days. Garovaglio is related to or competes with United States, Compania, Transportadora, and Telecom Argentina. Garovaglio y Zorraqun S.A., through its subsidiaries, engages in the industrial, commercial, and financial operations in... More
Garovaglio 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 Garovaglio'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 Garovaglio y Zorraquin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.77 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 6.18 |
Garovaglio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Garovaglio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Garovaglio's standard deviation. In reality, there are many statistical measures that can use Garovaglio historical prices to predict the future Garovaglio's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.329 |
Garovaglio y Zorraquin Backtested Returns
Garovaglio y Zorraquin holds Efficiency (Sharpe) Ratio of -0.0265, which attests that the entity had a -0.0265% return per unit of risk over the last 3 months. Garovaglio y Zorraquin exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Garovaglio's Standard Deviation of 3.23, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 0.339 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Garovaglio are expected to decrease at a much lower rate. During the bear market, Garovaglio is likely to outperform the market. At this point, Garovaglio y Zorraquin has a negative expected return of -0.0845%. Please make sure to check out Garovaglio's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Garovaglio y Zorraquin performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Garovaglio y Zorraquin has weak reverse predictability. Overlapping area represents the amount of predictability between Garovaglio time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Garovaglio y Zorraquin price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Garovaglio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 62.36 |
Garovaglio y Zorraquin lagged returns against current returns
Autocorrelation, which is Garovaglio 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 Garovaglio's stock expected returns. We can calculate the autocorrelation of Garovaglio returns to help us make a trade decision. For example, suppose you find that Garovaglio 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 |
Garovaglio 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 Garovaglio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Garovaglio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Garovaglio stock over time.
Current vs Lagged Prices |
| Timeline |
Garovaglio Lagged Returns
When evaluating Garovaglio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Garovaglio stock have on its future price. Garovaglio 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, Garovaglio autocorrelation shows the relationship between Garovaglio stock current value and its past values and can show if there is a momentum factor associated with investing in Garovaglio y Zorraquin.
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 Garovaglio Stock
Garovaglio financial ratios help investors to determine whether Garovaglio 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 Garovaglio with respect to the benefits of owning Garovaglio security.