Raia Drogasil (Brazil) Market Value
| RADL3 Stock | BRL 26.02 0.65 2.56% |
| Symbol | Raia |
Raia Drogasil '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 Raia Drogasil'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 Raia Drogasil.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Raia Drogasil on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Raia Drogasil SA or generate 0.0% return on investment in Raia Drogasil over 30 days. Raia Drogasil is related to or competes with Minerva SA, BRF SA, Companhia Siderrgica, and Cyrela Brazil. Raia Drogasil S.A. engages in the retail sale of medicines, perfumery, personal care and beauty products, cosmetics, der... More
Raia Drogasil 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 Raia Drogasil'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 Raia Drogasil SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.94 |
Raia Drogasil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raia Drogasil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raia Drogasil's standard deviation. In reality, there are many statistical measures that can use Raia Drogasil historical prices to predict the future Raia Drogasil's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.30) |
Raia Drogasil SA Backtested Returns
Raia Drogasil SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0887, which implies the firm had a -0.0887% return per unit of risk over the last 3 months. Raia Drogasil SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Raia Drogasil's Coefficient Of Variation of (928.29), variance of 1.88, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Raia Drogasil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Raia Drogasil is expected to be smaller as well. At this point, Raia Drogasil SA has a negative expected return of -0.12%. Please make sure to check Raia Drogasil's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Raia Drogasil SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Raia Drogasil SA has poor predictability. Overlapping area represents the amount of predictability between Raia Drogasil time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Raia Drogasil SA price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Raia Drogasil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Raia Drogasil SA lagged returns against current returns
Autocorrelation, which is Raia Drogasil 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 Raia Drogasil's stock expected returns. We can calculate the autocorrelation of Raia Drogasil returns to help us make a trade decision. For example, suppose you find that Raia Drogasil 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 |
Raia Drogasil 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 Raia Drogasil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raia Drogasil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raia Drogasil stock over time.
Current vs Lagged Prices |
| Timeline |
Raia Drogasil Lagged Returns
When evaluating Raia Drogasil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raia Drogasil stock have on its future price. Raia Drogasil 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, Raia Drogasil autocorrelation shows the relationship between Raia Drogasil stock current value and its past values and can show if there is a momentum factor associated with investing in Raia Drogasil SA.
Regressed Prices |
| Timeline |
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When running Raia Drogasil's price analysis, check to measure Raia Drogasil'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 Raia Drogasil is operating at the current time. Most of Raia Drogasil's value examination focuses on studying past and present price action to predict the probability of Raia Drogasil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raia Drogasil's price. Additionally, you may evaluate how the addition of Raia Drogasil to your portfolios can decrease your overall portfolio volatility.