Vapores (Chile) Market Value
| VAPORES Stock | CLP 52.05 0.25 0.48% |
| Symbol | Vapores |
Vapores '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 Vapores' 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 Vapores.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Vapores on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Vapores or generate 0.0% return on investment in Vapores over 30 days. Vapores is related to or competes with Banco De, LATAM Airlines, and Multiexport Foods. Compaa Sud Americana de Vapores S.A., through its subsidiaries, provides maritime cargo transport services worldwide More
Vapores 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 Vapores' 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 Vapores upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.77 |
Vapores Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vapores' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vapores' standard deviation. In reality, there are many statistical measures that can use Vapores historical prices to predict the future Vapores' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.55) |
Vapores Backtested Returns
Vapores owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0829, which indicates the firm had a -0.0829% return per unit of risk over the last 3 months. Vapores exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vapores' Coefficient Of Variation of (1,202), variance of 3.63, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vapores' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vapores is expected to be smaller as well. At this point, Vapores has a negative expected return of -0.14%. Please make sure to validate Vapores' treynor ratio and daily balance of power , to decide if Vapores performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Vapores has weak reverse predictability. Overlapping area represents the amount of predictability between Vapores time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Vapores price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Vapores price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Vapores lagged returns against current returns
Autocorrelation, which is Vapores 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 Vapores' stock expected returns. We can calculate the autocorrelation of Vapores returns to help us make a trade decision. For example, suppose you find that Vapores 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 |
Vapores 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 Vapores stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vapores stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vapores stock over time.
Current vs Lagged Prices |
| Timeline |
Vapores Lagged Returns
When evaluating Vapores' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vapores stock have on its future price. Vapores 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, Vapores autocorrelation shows the relationship between Vapores stock current value and its past values and can show if there is a momentum factor associated with investing in Vapores.
Regressed Prices |
| Timeline |
Pair Trading with Vapores
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 Vapores 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 Vapores will appreciate offsetting losses from the drop in the long position's value.Moving against Vapores Stock
The ability to find closely correlated positions to Vapores could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vapores 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 Vapores - 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 Vapores to buy it.
The correlation of Vapores 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 Vapores moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vapores 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 Vapores 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.Additional Tools for Vapores Stock Analysis
When running Vapores' price analysis, check to measure Vapores' 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 Vapores is operating at the current time. Most of Vapores' value examination focuses on studying past and present price action to predict the probability of Vapores' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vapores' price. Additionally, you may evaluate how the addition of Vapores to your portfolios can decrease your overall portfolio volatility.