Sociedad Punta (Chile) Market Value
| PUCOBRE Stock | CLP 4,757 12.50 0.26% |
| Symbol | Sociedad |
Sociedad Punta '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 Sociedad Punta'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 Sociedad Punta.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Sociedad Punta on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Sociedad Punta del or generate 0.0% return on investment in Sociedad Punta over 540 days. Sociedad Punta is related to or competes with Multiexport Foods, LATAM Airlines, and Banco De. Sociedad Punta del Cobre S.A., a mining company, engages in the exploitation of copper deposits primarily in the Atacama... More
Sociedad Punta 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 Sociedad Punta'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 Sociedad Punta del upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.69 |
Sociedad Punta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sociedad Punta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sociedad Punta's standard deviation. In reality, there are many statistical measures that can use Sociedad Punta historical prices to predict the future Sociedad Punta's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.8539 |
Sociedad Punta del Backtested Returns
Sociedad Punta del owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0787, which indicates the firm had a -0.0787% return per unit of risk over the last 3 months. Sociedad Punta del exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sociedad Punta's Coefficient Of Variation of (1,363), variance of 0.9306, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.0946, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sociedad Punta are expected to decrease at a much lower rate. During the bear market, Sociedad Punta is likely to outperform the market. At this point, Sociedad Punta del has a negative expected return of -0.0626%. Please make sure to validate Sociedad Punta's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Sociedad Punta del performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Sociedad Punta del has poor reverse predictability. Overlapping area represents the amount of predictability between Sociedad Punta time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Sociedad Punta del price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Sociedad Punta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 112.6 K |
Sociedad Punta del lagged returns against current returns
Autocorrelation, which is Sociedad Punta 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 Sociedad Punta's stock expected returns. We can calculate the autocorrelation of Sociedad Punta returns to help us make a trade decision. For example, suppose you find that Sociedad Punta 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 |
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Sociedad Punta 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 Sociedad Punta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sociedad Punta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sociedad Punta stock over time.
Current vs Lagged Prices |
| Timeline |
Sociedad Punta Lagged Returns
When evaluating Sociedad Punta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sociedad Punta stock have on its future price. Sociedad Punta 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, Sociedad Punta autocorrelation shows the relationship between Sociedad Punta stock current value and its past values and can show if there is a momentum factor associated with investing in Sociedad Punta del.
Regressed Prices |
| Timeline |
Pair Trading with Sociedad Punta
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 Sociedad Punta 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 Sociedad Punta will appreciate offsetting losses from the drop in the long position's value.Moving against Sociedad Stock
The ability to find closely correlated positions to Sociedad Punta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sociedad Punta 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 Sociedad Punta - 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 Sociedad Punta del to buy it.
The correlation of Sociedad Punta 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 Sociedad Punta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sociedad Punta del 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 Sociedad Punta 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 Sociedad Stock
Sociedad Punta financial ratios help investors to determine whether Sociedad 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 Sociedad with respect to the benefits of owning Sociedad Punta security.