Profarma Distribuidora (Brazil) Market Value
| PFRM3 Stock | BRL 7.07 0.10 1.39% |
| Symbol | Profarma |
Profarma Distribuidora '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 Profarma Distribuidora'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 Profarma Distribuidora.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Profarma Distribuidora on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Profarma Distribuidora de or generate 0.0% return on investment in Profarma Distribuidora over 60 days. Profarma Distribuidora is related to or competes with Mills Estruturas, Tecnisa SA, Odontoprev, Positivo Tecnologia, and JHSF Participaes. Profarma Distrib Prod Farmaceuticos S.A., together with its subsidiaries, engages in the distribution and retail sale of... More
Profarma Distribuidora 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 Profarma Distribuidora'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 Profarma Distribuidora de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.0393 | |||
| Maximum Drawdown | 12.48 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 4.99 |
Profarma Distribuidora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Profarma Distribuidora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Profarma Distribuidora's standard deviation. In reality, there are many statistical measures that can use Profarma Distribuidora historical prices to predict the future Profarma Distribuidora's volatility.| Risk Adjusted Performance | 0.0766 | |||
| Jensen Alpha | 0.1059 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0411 | |||
| Treynor Ratio | 0.2324 |
Profarma Distribuidora Backtested Returns
Profarma Distribuidora appears to be somewhat reliable, given 3 months investment horizon. Profarma Distribuidora maintains Sharpe Ratio (i.e., Efficiency) of 0.0973, which implies the firm had a 0.0973% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Profarma Distribuidora, which you can use to evaluate the volatility of the company. Please evaluate Profarma Distribuidora's Coefficient Of Variation of 1098.5, semi deviation of 2.07, and Risk Adjusted Performance of 0.0766 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Profarma Distribuidora holds a performance score of 7. The company holds a Beta of 0.91, which implies possible diversification benefits within a given portfolio. Profarma Distribuidora returns are very sensitive to returns on the market. As the market goes up or down, Profarma Distribuidora is expected to follow. Please check Profarma Distribuidora's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Profarma Distribuidora's historical price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Profarma Distribuidora de has very weak predictability. Overlapping area represents the amount of predictability between Profarma Distribuidora time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Profarma Distribuidora price movement. The serial correlation of 0.16 indicates that over 16.0% of current Profarma Distribuidora price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Profarma Distribuidora lagged returns against current returns
Autocorrelation, which is Profarma Distribuidora 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 Profarma Distribuidora's stock expected returns. We can calculate the autocorrelation of Profarma Distribuidora returns to help us make a trade decision. For example, suppose you find that Profarma Distribuidora 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 |
Profarma Distribuidora 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 Profarma Distribuidora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Profarma Distribuidora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Profarma Distribuidora stock over time.
Current vs Lagged Prices |
| Timeline |
Profarma Distribuidora Lagged Returns
When evaluating Profarma Distribuidora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Profarma Distribuidora stock have on its future price. Profarma Distribuidora 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, Profarma Distribuidora autocorrelation shows the relationship between Profarma Distribuidora stock current value and its past values and can show if there is a momentum factor associated with investing in Profarma Distribuidora 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 Profarma Stock Analysis
When running Profarma Distribuidora's price analysis, check to measure Profarma Distribuidora'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 Profarma Distribuidora is operating at the current time. Most of Profarma Distribuidora's value examination focuses on studying past and present price action to predict the probability of Profarma Distribuidora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Profarma Distribuidora's price. Additionally, you may evaluate how the addition of Profarma Distribuidora to your portfolios can decrease your overall portfolio volatility.