International Meal (Brazil) Market Value
| MEAL3 Stock | BRL 1.26 0.03 2.44% |
| Symbol | International |
International Meal '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 International Meal'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 International Meal.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in International Meal on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding International Meal or generate 0.0% return on investment in International Meal over 30 days. International Meal is related to or competes with Engie Brasil, Energisa, BTG Pactual, Procter Gamble, Companhia Paranaense, Randon SA, and Alphabet. International Meal Company Alimentao S.A More
International Meal 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 International Meal'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 International Meal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 13.74 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.72 |
International Meal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Meal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Meal's standard deviation. In reality, there are many statistical measures that can use International Meal historical prices to predict the future International Meal's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (2.82) |
International Meal Backtested Returns
International Meal holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. International Meal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Meal's Risk Adjusted Performance of (0.1), market risk adjusted performance of (2.81), and Standard Deviation of 2.75 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, International Meal's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Meal is expected to be smaller as well. At this point, International Meal has a negative expected return of -0.29%. Please make sure to check out International Meal's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if International Meal performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
International Meal has weak reverse predictability. Overlapping area represents the amount of predictability between International Meal time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 International Meal price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current International Meal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
International Meal lagged returns against current returns
Autocorrelation, which is International Meal 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 International Meal's stock expected returns. We can calculate the autocorrelation of International Meal returns to help us make a trade decision. For example, suppose you find that International Meal 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 |
International Meal 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 International Meal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Meal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Meal stock over time.
Current vs Lagged Prices |
| Timeline |
International Meal Lagged Returns
When evaluating International Meal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Meal stock have on its future price. International Meal 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, International Meal autocorrelation shows the relationship between International Meal stock current value and its past values and can show if there is a momentum factor associated with investing in International Meal.
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 International Stock Analysis
When running International Meal's price analysis, check to measure International Meal'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 International Meal is operating at the current time. Most of International Meal's value examination focuses on studying past and present price action to predict the probability of International Meal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Meal's price. Additionally, you may evaluate how the addition of International Meal to your portfolios can decrease your overall portfolio volatility.