Mills Estruturas (Brazil) Market Value
| MILS3 Stock | BRL 9.15 0.21 2.24% |
| Symbol | Mills |
Mills Estruturas '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 Mills Estruturas' 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 Mills Estruturas.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Mills Estruturas on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Mills Estruturas e or generate 0.0% return on investment in Mills Estruturas over 360 days. Mills Estruturas is related to or competes with Oi SA, Metalurgica Gerdau, Metalurgica Gerdau, Oi SA, Cyrela Brazil, and Klabin SA. Mills Estruturas e Servios de Engenharia S.A More
Mills Estruturas 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 Mills Estruturas' 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 Mills Estruturas e upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 1.83 |
Mills Estruturas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mills Estruturas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mills Estruturas' standard deviation. In reality, there are many statistical measures that can use Mills Estruturas historical prices to predict the future Mills Estruturas' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (2.00) |
Mills Estruturas e Backtested Returns
Mills Estruturas e has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Mills Estruturas exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mills Estruturas' Mean Deviation of 1.19, standard deviation of 1.67, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mills Estruturas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mills Estruturas is expected to be smaller as well. At this point, Mills Estruturas e has a negative expected return of -0.28%. Please make sure to verify Mills Estruturas' total risk alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Mills Estruturas e performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Mills Estruturas e has very weak reverse predictability. Overlapping area represents the amount of predictability between Mills Estruturas time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 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 Mills Estruturas e price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Mills Estruturas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Mills Estruturas e lagged returns against current returns
Autocorrelation, which is Mills Estruturas 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 Mills Estruturas' stock expected returns. We can calculate the autocorrelation of Mills Estruturas returns to help us make a trade decision. For example, suppose you find that Mills Estruturas 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 |
Mills Estruturas 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 Mills Estruturas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mills Estruturas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mills Estruturas stock over time.
Current vs Lagged Prices |
| Timeline |
Mills Estruturas Lagged Returns
When evaluating Mills Estruturas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mills Estruturas stock have on its future price. Mills Estruturas 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, Mills Estruturas autocorrelation shows the relationship between Mills Estruturas stock current value and its past values and can show if there is a momentum factor associated with investing in Mills Estruturas e.
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 Mills Stock Analysis
When running Mills Estruturas' price analysis, check to measure Mills Estruturas' 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 Mills Estruturas is operating at the current time. Most of Mills Estruturas' value examination focuses on studying past and present price action to predict the probability of Mills Estruturas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mills Estruturas' price. Additionally, you may evaluate how the addition of Mills Estruturas to your portfolios can decrease your overall portfolio volatility.