Grupo Empresas (Chile) Market Value
| NAVIERA Stock | CLP 37.02 0.00 0.00% |
| Symbol | Grupo |
Grupo Empresas '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 Grupo Empresas' 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 Grupo Empresas.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Grupo Empresas on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Empresas Navieras or generate 0.0% return on investment in Grupo Empresas over 30 days. Grupo Empresas is related to or competes with LATAM Airlines, Banco De, and Multiexport Foods. Grupo Empresas Navieras S.A., through its subsidiaries, provides maritime transport services More
Grupo Empresas 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 Grupo Empresas' 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 Grupo Empresas Navieras upside and downside potential and time the market with a certain degree of confidence.
Grupo Empresas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Empresas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Empresas' standard deviation. In reality, there are many statistical measures that can use Grupo Empresas historical prices to predict the future Grupo Empresas' volatility.| Risk Adjusted Performance | 0.1717 | |||
| Jensen Alpha | 0.1118 | |||
| Total Risk Alpha | 0.033 | |||
| Treynor Ratio | 10.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Empresas' 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.
Grupo Empresas Navieras Backtested Returns
At this point, Grupo Empresas is very steady. Grupo Empresas Navieras holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Grupo Empresas Navieras, which you can use to evaluate the volatility of the firm. Please check out Grupo Empresas' Market Risk Adjusted Performance of 10.02, risk adjusted performance of 0.1717, and Standard Deviation of 0.5055 to validate if the risk estimate we provide is consistent with the expected return of 0.081%. Grupo Empresas has a performance score of 14 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0113, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grupo Empresas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Empresas is expected to be smaller as well. Grupo Empresas Navieras right now retains a risk of 0.44%. Please check out Grupo Empresas variance, as well as the relationship between the potential upside and day median price , to decide if Grupo Empresas will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Grupo Empresas Navieras has no correlation between past and present. Overlapping area represents the amount of predictability between Grupo Empresas time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Grupo Empresas Navieras price movement. The serial correlation of 0.0 indicates that just 0.0% of current Grupo Empresas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Grupo Empresas Navieras lagged returns against current returns
Autocorrelation, which is Grupo Empresas 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 Grupo Empresas' stock expected returns. We can calculate the autocorrelation of Grupo Empresas returns to help us make a trade decision. For example, suppose you find that Grupo Empresas 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 |
Grupo Empresas 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 Grupo Empresas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Empresas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Empresas stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Empresas Lagged Returns
When evaluating Grupo Empresas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Empresas stock have on its future price. Grupo Empresas 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, Grupo Empresas autocorrelation shows the relationship between Grupo Empresas stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Empresas Navieras.
Regressed Prices |
| Timeline |
Pair Trading with Grupo Empresas
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 Grupo Empresas 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 Grupo Empresas will appreciate offsetting losses from the drop in the long position's value.Moving against Grupo Stock
The ability to find closely correlated positions to Grupo Empresas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Empresas 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 Grupo Empresas - 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 Grupo Empresas Navieras to buy it.
The correlation of Grupo Empresas 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 Grupo Empresas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Empresas Navieras 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 Grupo Empresas 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 Grupo Stock
Grupo Empresas financial ratios help investors to determine whether Grupo 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 Grupo with respect to the benefits of owning Grupo Empresas security.