Oi SA (Brazil) Market Value
| OIBR3 Stock | BRL 1.46 0.13 9.77% |
| Symbol | OIBR3 |
Oi SA '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 Oi SA'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 Oi SA.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Oi SA on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Oi SA or generate 0.0% return on investment in Oi SA over 30 days. Oi SA is related to or competes with T Mobile, Verizon Communications, and Telefnica. Oi S.A., a switched fixed-line telephony services concessionaire, provides integrated telecommunication services in Braz... More
Oi SA 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 Oi SA'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 Oi SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 83.17 | |||
| Value At Risk | (6.07) | |||
| Potential Upside | 6.8 |
Oi SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oi SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oi SA's standard deviation. In reality, there are many statistical measures that can use Oi SA historical prices to predict the future Oi SA's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.92) | |||
| Total Risk Alpha | (2.80) | |||
| Treynor Ratio | (0.78) |
Oi SA Backtested Returns
Oi SA retains Efficiency (Sharpe Ratio) of -0.0649, which implies the firm had a -0.0649% return per unit of price deviation over the last 3 months. Oi SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oi SA's information ratio of (0.07), and Market Risk Adjusted Performance of (0.77) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.01, which implies a somewhat significant risk relative to the market. Oi SA returns are very sensitive to returns on the market. As the market goes up or down, Oi SA is expected to follow. At this point, Oi SA has a negative expected return of -0.85%. Please make sure to check Oi SA's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Oi SA performance from the past will be repeated in the future.
Auto-correlation | 0.29 |
Poor predictability
Oi SA has poor predictability. Overlapping area represents the amount of predictability between Oi SA time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Oi SA price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Oi SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Oi SA lagged returns against current returns
Autocorrelation, which is Oi SA 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 Oi SA's stock expected returns. We can calculate the autocorrelation of Oi SA returns to help us make a trade decision. For example, suppose you find that Oi SA 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 |
Oi SA 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 Oi SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oi SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oi SA stock over time.
Current vs Lagged Prices |
| Timeline |
Oi SA Lagged Returns
When evaluating Oi SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oi SA stock have on its future price. Oi SA 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, Oi SA autocorrelation shows the relationship between Oi SA stock current value and its past values and can show if there is a momentum factor associated with investing in Oi SA.
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 OIBR3 Stock Analysis
When running Oi SA's price analysis, check to measure Oi SA'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 Oi SA is operating at the current time. Most of Oi SA's value examination focuses on studying past and present price action to predict the probability of Oi SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oi SA's price. Additionally, you may evaluate how the addition of Oi SA to your portfolios can decrease your overall portfolio volatility.