Plascar Participaes (Brazil) Market Value
| PLAS3 Stock | BRL 6.13 1.27 17.16% |
| Symbol | Plascar |
Plascar Participaes '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 Plascar Participaes' 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 Plascar Participaes.
| 11/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in Plascar Participaes on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Plascar Participaes Industriais or generate 0.0% return on investment in Plascar Participaes over 90 days. Plascar Participaes is related to or competes with Randon SA, Lupatech, Rossi Residencial, and Positivo Tecnologia. Plascar Participaes Industriais S.A. manufactures and trades parts related to internal and external finishing of automot... More
Plascar Participaes 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 Plascar Participaes' 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 Plascar Participaes Industriais upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.69 | |||
| Information Ratio | 0.0405 | |||
| Maximum Drawdown | 31.01 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.09 |
Plascar Participaes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plascar Participaes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plascar Participaes' standard deviation. In reality, there are many statistical measures that can use Plascar Participaes historical prices to predict the future Plascar Participaes' volatility.| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.1349 | |||
| Total Risk Alpha | 0.1687 | |||
| Sortino Ratio | 0.0187 | |||
| Treynor Ratio | (0.34) |
Plascar Participaes Backtested Returns
Currently, Plascar Participaes Industriais is moderately volatile. Plascar Participaes maintains Sharpe Ratio (i.e., Efficiency) of 0.0283, which implies the firm had a 0.0283 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Plascar Participaes, which you can use to evaluate the volatility of the company. Please check Plascar Participaes' Semi Deviation of 2.77, coefficient of variation of 2409.39, and Risk Adjusted Performance of 0.0385 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Plascar Participaes has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Plascar Participaes are expected to decrease at a much lower rate. During the bear market, Plascar Participaes is likely to outperform the market. Plascar Participaes right now holds a risk of 3.7%. Please check Plascar Participaes downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Plascar Participaes will be following its historical price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Plascar Participaes Industriais has insignificant reverse predictability. Overlapping area represents the amount of predictability between Plascar Participaes time series from 29th of November 2024 to 13th of January 2025 and 13th of January 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Plascar Participaes price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Plascar Participaes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Plascar Participaes lagged returns against current returns
Autocorrelation, which is Plascar Participaes 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 Plascar Participaes' stock expected returns. We can calculate the autocorrelation of Plascar Participaes returns to help us make a trade decision. For example, suppose you find that Plascar Participaes 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 |
Plascar Participaes 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 Plascar Participaes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plascar Participaes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plascar Participaes stock over time.
Current vs Lagged Prices |
| Timeline |
Plascar Participaes Lagged Returns
When evaluating Plascar Participaes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plascar Participaes stock have on its future price. Plascar Participaes 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, Plascar Participaes autocorrelation shows the relationship between Plascar Participaes stock current value and its past values and can show if there is a momentum factor associated with investing in Plascar Participaes Industriais.
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 Plascar Stock Analysis
When running Plascar Participaes' price analysis, check to measure Plascar Participaes' 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 Plascar Participaes is operating at the current time. Most of Plascar Participaes' value examination focuses on studying past and present price action to predict the probability of Plascar Participaes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plascar Participaes' price. Additionally, you may evaluate how the addition of Plascar Participaes to your portfolios can decrease your overall portfolio volatility.