Masisa (Chile) Market Value
| MASISA Stock | CLP 16.40 0.01 0.06% |
| Symbol | Masisa |
Masisa '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 Masisa'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 Masisa.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Masisa on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Masisa or generate 0.0% return on investment in Masisa over 30 days. Masisa is related to or competes with Administradora Americana, Energia Latina, Embotelladora Andina, Salfacorp, Vina Concha, Sociedad Matriz, and Nitratos. Masisa S.A. manufactures and sells wooden boards for furniture solutions and interior architecture in Latin America More
Masisa 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 Masisa'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 Masisa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.02 |
Masisa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Masisa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Masisa's standard deviation. In reality, there are many statistical measures that can use Masisa historical prices to predict the future Masisa's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (3.92) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Masisa's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Masisa Backtested Returns
Masisa has Sharpe Ratio of -0.24, which conveys that the firm had a -0.24% return per unit of risk over the last 3 months. Masisa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Masisa's Standard Deviation of 0.7752, mean deviation of 0.5275, and Risk Adjusted Performance of (0.15) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0409, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Masisa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Masisa is expected to be smaller as well. At this point, Masisa has a negative expected return of -0.2%. Please make sure to verify Masisa's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Masisa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Masisa has insignificant predictability. Overlapping area represents the amount of predictability between Masisa time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Masisa price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Masisa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Masisa lagged returns against current returns
Autocorrelation, which is Masisa 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 Masisa's stock expected returns. We can calculate the autocorrelation of Masisa returns to help us make a trade decision. For example, suppose you find that Masisa 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 |
Masisa 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 Masisa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Masisa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Masisa stock over time.
Current vs Lagged Prices |
| Timeline |
Masisa Lagged Returns
When evaluating Masisa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Masisa stock have on its future price. Masisa 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, Masisa autocorrelation shows the relationship between Masisa stock current value and its past values and can show if there is a momentum factor associated with investing in Masisa.
Regressed Prices |
| Timeline |
Pair Trading with Masisa
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Masisa position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Masisa will appreciate offsetting losses from the drop in the long position's value.Moving together with Masisa Stock
Moving against Masisa Stock
The ability to find closely correlated positions to Masisa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Masisa when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Masisa - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Masisa to buy it.
The correlation of Masisa is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Masisa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Masisa moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Masisa can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Masisa Stock
Masisa financial ratios help investors to determine whether Masisa 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 Masisa with respect to the benefits of owning Masisa security.