Nexa Resources (Peru) Market Value
| NEXAPEC1 | 1.57 0.04 2.48% |
| Symbol | Nexa |
Please note, there is a significant difference between Nexa Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexa Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nexa Resources '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 Nexa Resources' 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 Nexa Resources.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Nexa Resources on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nexa Resources Peru or generate 0.0% return on investment in Nexa Resources over 30 days. More
Nexa Resources 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 Nexa Resources' 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 Nexa Resources Peru upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.33 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 1.76 |
Nexa Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexa Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexa Resources' standard deviation. In reality, there are many statistical measures that can use Nexa Resources historical prices to predict the future Nexa Resources' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.31) |
Nexa Resources Peru Backtested Returns
Nexa Resources Peru has Sharpe Ratio of -0.0864, which conveys that the firm had a -0.0864% return per unit of risk over the last 3 months. Nexa Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nexa Resources' Standard Deviation of 1.15, mean deviation of 0.5999, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nexa Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nexa Resources is expected to be smaller as well. At this point, Nexa Resources Peru has a negative expected return of -0.1%. Please make sure to verify Nexa Resources' potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Nexa Resources Peru performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Nexa Resources Peru has average predictability. Overlapping area represents the amount of predictability between Nexa Resources time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Nexa Resources Peru price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Nexa Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nexa Resources Peru lagged returns against current returns
Autocorrelation, which is Nexa Resources 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 Nexa Resources' stock expected returns. We can calculate the autocorrelation of Nexa Resources returns to help us make a trade decision. For example, suppose you find that Nexa Resources 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 |
Nexa Resources 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 Nexa Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexa Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexa Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Nexa Resources Lagged Returns
When evaluating Nexa Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexa Resources stock have on its future price. Nexa Resources 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, Nexa Resources autocorrelation shows the relationship between Nexa Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Nexa Resources Peru.
Regressed Prices |
| Timeline |
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Nexa Resources financial ratios help investors to determine whether Nexa 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 Nexa with respect to the benefits of owning Nexa Resources security.