Nitratos (Chile) Market Value
| NITRATOS | CLP 2.37 0.01 0.42% |
| Symbol | Nitratos |
Nitratos '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 Nitratos' 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 Nitratos.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Nitratos on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Nitratos de Chile or generate 0.0% return on investment in Nitratos over 510 days. Nitratos is related to or competes with Administradora Americana, Energia Latina, Embotelladora Andina, Salfacorp, Vina Concha, Sociedad Matriz, and Nitratos. Nitratos de Chile S.A., together with its subsidiary, Potasios de Chile SA, invests in shares of Sociedad Quimica y Mine... More
Nitratos 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 Nitratos' 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 Nitratos de Chile upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.21 | |||
| Value At Risk | (2.06) |
Nitratos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nitratos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nitratos' standard deviation. In reality, there are many statistical measures that can use Nitratos historical prices to predict the future Nitratos' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.97) |
Nitratos de Chile Backtested Returns
Nitratos de Chile has Sharpe Ratio of -0.0581, which conveys that the firm had a -0.0581% return per unit of risk over the last 3 months. Nitratos exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nitratos' Risk Adjusted Performance of (0.04), mean deviation of 0.4193, and Standard Deviation of 1.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0847, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nitratos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nitratos is expected to be smaller as well. At this point, Nitratos de Chile has a negative expected return of -0.0811%. Please make sure to verify Nitratos' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Nitratos de Chile performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Nitratos de Chile has good predictability. Overlapping area represents the amount of predictability between Nitratos time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Nitratos de Chile price movement. The serial correlation of 0.73 indicates that around 73.0% of current Nitratos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Nitratos de Chile lagged returns against current returns
Autocorrelation, which is Nitratos 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 Nitratos' stock expected returns. We can calculate the autocorrelation of Nitratos returns to help us make a trade decision. For example, suppose you find that Nitratos 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 |
Nitratos 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 Nitratos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nitratos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nitratos stock over time.
Current vs Lagged Prices |
| Timeline |
Nitratos Lagged Returns
When evaluating Nitratos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nitratos stock have on its future price. Nitratos 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, Nitratos autocorrelation shows the relationship between Nitratos stock current value and its past values and can show if there is a momentum factor associated with investing in Nitratos de Chile.
Regressed Prices |
| Timeline |
Pair Trading with Nitratos
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 Nitratos 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 Nitratos will appreciate offsetting losses from the drop in the long position's value.Moving against Nitratos Stock
The ability to find closely correlated positions to Nitratos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nitratos 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 Nitratos - 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 Nitratos de Chile to buy it.
The correlation of Nitratos 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 Nitratos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nitratos de Chile 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 Nitratos 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 Nitratos Stock
Nitratos financial ratios help investors to determine whether Nitratos 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 Nitratos with respect to the benefits of owning Nitratos security.