Hidrovias (Brazil) Market Value
| HBSA3 Stock | BRL 3.00 0.10 3.23% |
| Symbol | Hidrovias |
Hidrovias '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 Hidrovias' 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 Hidrovias.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Hidrovias on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Hidrovias do Brasil or generate 0.0% return on investment in Hidrovias over 720 days. Hidrovias is related to or competes with United Parcel, FedEx, Sequoia Logstica, Energisa, BTG Pactual, Plano Plano, and Companhia Habitasul. Hidrovias do Brasil S.A. provides integrated logistics solutions in Latin America More
Hidrovias 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 Hidrovias' 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 Hidrovias do Brasil upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 8.89 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.46 |
Hidrovias Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hidrovias' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hidrovias' standard deviation. In reality, there are many statistical measures that can use Hidrovias historical prices to predict the future Hidrovias' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.41) |
Hidrovias do Brasil Backtested Returns
Hidrovias do Brasil holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Hidrovias do Brasil exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hidrovias' Standard Deviation of 1.65, risk adjusted performance of (0.10), and Market Risk Adjusted Performance of (0.40) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hidrovias' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hidrovias is expected to be smaller as well. At this point, Hidrovias do Brasil has a negative expected return of -0.19%. Please make sure to check out Hidrovias' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Hidrovias do Brasil performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Hidrovias do Brasil has modest reverse predictability. Overlapping area represents the amount of predictability between Hidrovias time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Hidrovias do Brasil price movement. The serial correlation of -0.47 indicates that about 47.0% of current Hidrovias price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Hidrovias do Brasil lagged returns against current returns
Autocorrelation, which is Hidrovias 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 Hidrovias' stock expected returns. We can calculate the autocorrelation of Hidrovias returns to help us make a trade decision. For example, suppose you find that Hidrovias 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 |
Hidrovias 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 Hidrovias stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hidrovias stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hidrovias stock over time.
Current vs Lagged Prices |
| Timeline |
Hidrovias Lagged Returns
When evaluating Hidrovias' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hidrovias stock have on its future price. Hidrovias 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, Hidrovias autocorrelation shows the relationship between Hidrovias stock current value and its past values and can show if there is a momentum factor associated with investing in Hidrovias do Brasil.
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 Hidrovias Stock Analysis
When running Hidrovias' price analysis, check to measure Hidrovias' 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 Hidrovias is operating at the current time. Most of Hidrovias' value examination focuses on studying past and present price action to predict the probability of Hidrovias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hidrovias' price. Additionally, you may evaluate how the addition of Hidrovias to your portfolios can decrease your overall portfolio volatility.