IRB Brasil (Brazil) Market Value
| IRBR3 Stock | BRL 39.75 0.32 0.81% |
| Symbol | IRB |
IRB Brasil '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 IRB Brasil'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 IRB Brasil.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in IRB Brasil on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding IRB Brasil Resseguros SA or generate 0.0% return on investment in IRB Brasil over 510 days. IRB Brasil is related to or competes with Banco Alfa, Financeira Alfa, Banco Alfa, Financeira Alfa, and Alfa Holdings. IRB-Brasil Resseguros S.A. provides reinsurance solutions in Brazil and internationally More
IRB Brasil 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 IRB Brasil'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 IRB Brasil Resseguros SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.6 | |||
| Value At Risk | (6.27) | |||
| Potential Upside | 5.35 |
IRB Brasil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IRB Brasil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IRB Brasil's standard deviation. In reality, there are many statistical measures that can use IRB Brasil historical prices to predict the future IRB Brasil's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (9.44) |
IRB Brasil Resseguros Backtested Returns
IRB Brasil Resseguros retains Efficiency (Sharpe Ratio) of -0.0898, which attests that the entity had a -0.0898% return per unit of return volatility over the last 3 months. IRB Brasil exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IRB Brasil's Coefficient Of Variation of (1,558), market risk adjusted performance of (9.43), and Standard Deviation of 3.12 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0223, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IRB Brasil's returns are expected to increase less than the market. However, during the bear market, the loss of holding IRB Brasil is expected to be smaller as well. At this point, IRB Brasil Resseguros has a negative expected return of -0.29%. Please make sure to check out IRB Brasil's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if IRB Brasil Resseguros performance from the past will be repeated in the future.
Auto-correlation | -0.01 |
Very weak reverse predictability
IRB Brasil Resseguros SA has very weak reverse predictability. Overlapping area represents the amount of predictability between IRB Brasil time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 IRB Brasil Resseguros price movement. The serial correlation of -0.01 indicates that just 1.0% of current IRB Brasil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 40.28 |
IRB Brasil Resseguros lagged returns against current returns
Autocorrelation, which is IRB Brasil 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 IRB Brasil's stock expected returns. We can calculate the autocorrelation of IRB Brasil returns to help us make a trade decision. For example, suppose you find that IRB Brasil 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 |
IRB Brasil 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 IRB Brasil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IRB Brasil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IRB Brasil stock over time.
Current vs Lagged Prices |
| Timeline |
IRB Brasil Lagged Returns
When evaluating IRB Brasil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IRB Brasil stock have on its future price. IRB Brasil 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, IRB Brasil autocorrelation shows the relationship between IRB Brasil stock current value and its past values and can show if there is a momentum factor associated with investing in IRB Brasil Resseguros SA.
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 IRB Stock Analysis
When running IRB Brasil's price analysis, check to measure IRB Brasil'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 IRB Brasil is operating at the current time. Most of IRB Brasil's value examination focuses on studying past and present price action to predict the probability of IRB Brasil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRB Brasil's price. Additionally, you may evaluate how the addition of IRB Brasil to your portfolios can decrease your overall portfolio volatility.