S1YM34 (Brazil) Market Value

S1YM34 Stock  BRL 178.93  0.00  0.00%   
S1YM34's market value is the price at which a share of S1YM34 trades on a public exchange. It measures the collective expectations of S1YM34 investors about its performance. S1YM34 is trading at 178.93 as of the 25th of December 2024, a No Change since the beginning of the trading day. The stock's open price was 178.93.
With this module, you can estimate the performance of a buy and hold strategy of S1YM34 and determine expected loss or profit from investing in S1YM34 over a given investment horizon. Check out S1YM34 Correlation, S1YM34 Volatility and S1YM34 Alpha and Beta module to complement your research on S1YM34.
Symbol

Please note, there is a significant difference between S1YM34's value and its price as these two are different measures arrived at by different means. Investors typically determine if S1YM34 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, S1YM34's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

S1YM34 '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 S1YM34'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 S1YM34.
0.00
11/25/2024
No Change 0.00  0.0 
In 30 days
12/25/2024
0.00
If you would invest  0.00  in S1YM34 on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding S1YM34 or generate 0.0% return on investment in S1YM34 over 30 days. S1YM34 is related to or competes with Adobe, S1NP34, Fortinet, Block, A1KA34, Okta, and Wix. NortonLifeLock Inc. provides cyber safety solutions for consumers worldwide More

S1YM34 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 S1YM34'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 S1YM34 upside and downside potential and time the market with a certain degree of confidence.

S1YM34 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for S1YM34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as S1YM34's standard deviation. In reality, there are many statistical measures that can use S1YM34 historical prices to predict the future S1YM34's volatility.
Hype
Prediction
LowEstimatedHigh
175.43178.93182.43
Details
Intrinsic
Valuation
LowRealHigh
164.38167.88196.82
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as S1YM34. Your research has to be compared to or analyzed against S1YM34's peers to derive any actionable benefits. When done correctly, S1YM34's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in S1YM34.

S1YM34 Backtested Returns

S1YM34 appears to be very steady, given 3 months investment horizon. S1YM34 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the company had a 0.15% return per unit of risk over the last 3 months. By analyzing S1YM34's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review S1YM34's standard deviation of 3.39, and Market Risk Adjusted Performance of (0.84) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, S1YM34 holds a performance score of 11. The firm has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning S1YM34 are expected to decrease at a much lower rate. During the bear market, S1YM34 is likely to outperform the market. Please check S1YM34's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to make a quick decision on whether S1YM34's existing price patterns will revert.

Auto-correlation

    
  -92,233,720,368,547,760  

Near perfect reversele predictability

S1YM34 has near perfect reversele predictability. Overlapping area represents the amount of predictability between S1YM34 time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th of December 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 S1YM34 price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current S1YM34 price fluctuation can be explain by its past prices.
Correlation Coefficient-92233.7 T
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.07

S1YM34 lagged returns against current returns

Autocorrelation, which is S1YM34 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 S1YM34's stock expected returns. We can calculate the autocorrelation of S1YM34 returns to help us make a trade decision. For example, suppose you find that S1YM34 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  

S1YM34 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 S1YM34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if S1YM34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in S1YM34 stock over time.
   Current vs Lagged Prices   
       Timeline  

S1YM34 Lagged Returns

When evaluating S1YM34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of S1YM34 stock have on its future price. S1YM34 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, S1YM34 autocorrelation shows the relationship between S1YM34 stock current value and its past values and can show if there is a momentum factor associated with investing in S1YM34.
   Regressed Prices   
       Timeline  

Also Currently Popular

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.

Other Information on Investing in S1YM34 Stock

S1YM34 financial ratios help investors to determine whether S1YM34 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 S1YM34 with respect to the benefits of owning S1YM34 security.