VFCO34 (Brazil) Market Value
| VFCO34 Stock | BRL 67.30 0.25 0.37% |
| Symbol | VFCO34 |
VFCO34 '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 VFCO34'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 VFCO34.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in VFCO34 on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding VFCO34 or generate 0.0% return on investment in VFCO34 over 720 days. VFCO34 is related to or competes with Under Armour, Guararapes Confeces, Pettenati, Aeris Indstria, Gerdau SA, and N1RG34. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, fo... More
VFCO34 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 VFCO34'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 VFCO34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.1007 | |||
| Maximum Drawdown | 47.42 | |||
| Value At Risk | (4.68) | |||
| Potential Upside | 7.36 |
VFCO34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VFCO34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VFCO34's standard deviation. In reality, there are many statistical measures that can use VFCO34 historical prices to predict the future VFCO34's volatility.| Risk Adjusted Performance | 0.0953 | |||
| Jensen Alpha | 0.5924 | |||
| Total Risk Alpha | 0.3653 | |||
| Sortino Ratio | 0.1708 | |||
| Treynor Ratio | 0.8964 |
VFCO34 Backtested Returns
VFCO34 appears to be very steady, given 3 months investment horizon. VFCO34 retains Efficiency (Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of volatility over the last 3 months. By evaluating VFCO34's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review VFCO34's downside deviation of 3.41, and Risk Adjusted Performance of 0.0953 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, VFCO34 holds a performance score of 8. The entity owns a Beta (Systematic Risk) of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VFCO34's returns are expected to increase less than the market. However, during the bear market, the loss of holding VFCO34 is expected to be smaller as well. Please check VFCO34's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether VFCO34's current price history will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
VFCO34 has poor reverse predictability. Overlapping area represents the amount of predictability between VFCO34 time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 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 VFCO34 price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current VFCO34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 105.51 |
VFCO34 lagged returns against current returns
Autocorrelation, which is VFCO34 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 VFCO34's stock expected returns. We can calculate the autocorrelation of VFCO34 returns to help us make a trade decision. For example, suppose you find that VFCO34 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 |
VFCO34 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 VFCO34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VFCO34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VFCO34 stock over time.
Current vs Lagged Prices |
| Timeline |
VFCO34 Lagged Returns
When evaluating VFCO34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VFCO34 stock have on its future price. VFCO34 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, VFCO34 autocorrelation shows the relationship between VFCO34 stock current value and its past values and can show if there is a momentum factor associated with investing in VFCO34.
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 VFCO34 Stock
VFCO34 financial ratios help investors to determine whether VFCO34 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 VFCO34 with respect to the benefits of owning VFCO34 security.