Companhia Brasileira (Brazil) Market Value
| PCAR3 Stock | BRL 2.71 0.03 1.12% |
| Symbol | Companhia |
Companhia Brasileira '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 Companhia Brasileira'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 Companhia Brasileira.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Companhia Brasileira on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Companhia Brasileira de or generate 0.0% return on investment in Companhia Brasileira over 720 days. Companhia Brasileira is related to or competes with Atacado SA, Sendas Distribuidora, Natura Co, Lojas Renner, and Marfrig Global. Companhia Brasileira de Distribuio engages in the retail of food, clothing, home appliances, electronics, and other prod... More
Companhia Brasileira 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 Companhia Brasileira'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 Companhia Brasileira de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 4.9 |
Companhia Brasileira Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Brasileira's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Brasileira's standard deviation. In reality, there are many statistical measures that can use Companhia Brasileira historical prices to predict the future Companhia Brasileira's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.32) |
Companhia Brasileira Backtested Returns
Companhia Brasileira secures Sharpe Ratio (or Efficiency) of -0.0894, which signifies that the company had a -0.0894% return per unit of risk over the last 3 months. Companhia Brasileira de exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhia Brasileira's Standard Deviation of 2.89, risk adjusted performance of (0.06), and Mean Deviation of 2.15 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Companhia Brasileira's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia Brasileira is expected to be smaller as well. At this point, Companhia Brasileira has a negative expected return of -0.26%. Please make sure to confirm Companhia Brasileira's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Companhia Brasileira performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Companhia Brasileira de has poor predictability. Overlapping area represents the amount of predictability between Companhia Brasileira time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Companhia Brasileira price movement. The serial correlation of 0.25 indicates that over 25.0% of current Companhia Brasileira price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Companhia Brasileira lagged returns against current returns
Autocorrelation, which is Companhia Brasileira 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 Companhia Brasileira's stock expected returns. We can calculate the autocorrelation of Companhia Brasileira returns to help us make a trade decision. For example, suppose you find that Companhia Brasileira 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 |
Companhia Brasileira 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 Companhia Brasileira stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Brasileira stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Brasileira stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Brasileira Lagged Returns
When evaluating Companhia Brasileira's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Brasileira stock have on its future price. Companhia Brasileira 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, Companhia Brasileira autocorrelation shows the relationship between Companhia Brasileira stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Brasileira de.
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 Companhia Stock Analysis
When running Companhia Brasileira's price analysis, check to measure Companhia Brasileira'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 Companhia Brasileira is operating at the current time. Most of Companhia Brasileira's value examination focuses on studying past and present price action to predict the probability of Companhia Brasileira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Brasileira's price. Additionally, you may evaluate how the addition of Companhia Brasileira to your portfolios can decrease your overall portfolio volatility.