So Martinho (Brazil) Market Value
| SMTO3 Stock | BRL 25.39 1.05 4.31% |
| Symbol | SMTO3 |
So Martinho '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 So Martinho'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 So Martinho.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in So Martinho on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding So Martinho SA or generate 0.0% return on investment in So Martinho over 600 days. So Martinho is related to or competes with Minerva SA, BRF SA, Companhia Siderrgica, and Cyrela Brazil. So Martinho S.A., together with its subsidiaries, plants sugarcane and produces and sells sugar, ethanol, and other suga... More
So Martinho 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 So Martinho'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 So Martinho SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 10.94 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 2.57 |
So Martinho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for So Martinho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as So Martinho's standard deviation. In reality, there are many statistical measures that can use So Martinho historical prices to predict the future So Martinho's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (2.51) |
So Martinho SA Backtested Returns
So Martinho SA retains Efficiency (Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of price deviation over the last 3 months. So Martinho exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate So Martinho's Standard Deviation of 1.92, mean deviation of 1.38, and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, So Martinho's returns are expected to increase less than the market. However, during the bear market, the loss of holding So Martinho is expected to be smaller as well. At this point, So Martinho SA has a negative expected return of -0.33%. Please make sure to validate So Martinho's mean deviation, jensen alpha, potential upside, as well as the relationship between the standard deviation and treynor ratio , to decide if So Martinho SA performance from the past will be repeated at future time.
Auto-correlation | 0.73 |
Good predictability
So Martinho SA has good predictability. Overlapping area represents the amount of predictability between So Martinho time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 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 So Martinho SA price movement. The serial correlation of 0.73 indicates that around 73.0% of current So Martinho price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 4.29 |
So Martinho SA lagged returns against current returns
Autocorrelation, which is So Martinho 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 So Martinho's stock expected returns. We can calculate the autocorrelation of So Martinho returns to help us make a trade decision. For example, suppose you find that So Martinho 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 |
So Martinho 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 So Martinho stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if So Martinho stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in So Martinho stock over time.
Current vs Lagged Prices |
| Timeline |
So Martinho Lagged Returns
When evaluating So Martinho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of So Martinho stock have on its future price. So Martinho 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, So Martinho autocorrelation shows the relationship between So Martinho stock current value and its past values and can show if there is a momentum factor associated with investing in So Martinho SA.
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.Additional Tools for SMTO3 Stock Analysis
When running So Martinho's price analysis, check to measure So Martinho'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 So Martinho is operating at the current time. Most of So Martinho's value examination focuses on studying past and present price action to predict the probability of So Martinho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move So Martinho's price. Additionally, you may evaluate how the addition of So Martinho to your portfolios can decrease your overall portfolio volatility.