Lojas Quero (Brazil) Market Value
| LJQQ3 Stock | BRL 2.69 0.06 2.18% |
| Symbol | Lojas |
Lojas Quero '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 Lojas Quero'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 Lojas Quero.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Lojas Quero on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Lojas Quero Quero SA or generate 0.0% return on investment in Lojas Quero over 30 days. Lojas Quero is related to or competes with Pet Center, Mitre Realty, Mliuz SA, and Direcional Engenharia. Lojas Quero-Quero S.A. engages in the general retailer activities in Brazil More
Lojas Quero 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 Lojas Quero'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 Lojas Quero Quero SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 4.26 |
Lojas Quero Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lojas Quero's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lojas Quero's standard deviation. In reality, there are many statistical measures that can use Lojas Quero historical prices to predict the future Lojas Quero's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (1.56) |
Lojas Quero Quero Backtested Returns
Lojas Quero Quero has Sharpe Ratio of -0.25, which conveys that the firm had a -0.25% return per unit of risk over the last 3 months. Lojas Quero exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lojas Quero's Risk Adjusted Performance of (0.14), standard deviation of 3.01, and Mean Deviation of 2.34 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lojas Quero's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lojas Quero is expected to be smaller as well. At this point, Lojas Quero Quero has a negative expected return of -0.75%. Please make sure to verify Lojas Quero's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Lojas Quero Quero performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Lojas Quero Quero SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Lojas Quero time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Lojas Quero Quero price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Lojas Quero price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Lojas Quero Quero lagged returns against current returns
Autocorrelation, which is Lojas Quero 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 Lojas Quero's stock expected returns. We can calculate the autocorrelation of Lojas Quero returns to help us make a trade decision. For example, suppose you find that Lojas Quero 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 |
Lojas Quero 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 Lojas Quero stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lojas Quero stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lojas Quero stock over time.
Current vs Lagged Prices |
| Timeline |
Lojas Quero Lagged Returns
When evaluating Lojas Quero's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lojas Quero stock have on its future price. Lojas Quero 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, Lojas Quero autocorrelation shows the relationship between Lojas Quero stock current value and its past values and can show if there is a momentum factor associated with investing in Lojas Quero Quero 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 Lojas Stock Analysis
When running Lojas Quero's price analysis, check to measure Lojas Quero'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 Lojas Quero is operating at the current time. Most of Lojas Quero's value examination focuses on studying past and present price action to predict the probability of Lojas Quero's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lojas Quero's price. Additionally, you may evaluate how the addition of Lojas Quero to your portfolios can decrease your overall portfolio volatility.