A1VY34 (Brazil) Market Value
| A1VY34 Stock | BRL 579.42 0.00 0.00% |
| Symbol | A1VY34 |
A1VY34 '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 A1VY34'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 A1VY34.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in A1VY34 on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding A1VY34 or generate 0.0% return on investment in A1VY34 over 30 days. A1VY34 is related to or competes with Porto Seguro, Tesla, WEG SA, Fertilizantes Heringer, Visa, and Amazon. Avery Dennison Corporation manufactures and markets pressure-sensitive materials in the United States, Europe, Asia, Lat... More
A1VY34 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 A1VY34'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 A1VY34 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.74) | |||
| Maximum Drawdown | 0.3029 |
A1VY34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for A1VY34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A1VY34's standard deviation. In reality, there are many statistical measures that can use A1VY34 historical prices to predict the future A1VY34's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 3.61 |
A1VY34 Backtested Returns
At this point, A1VY34 is very steady. A1VY34 secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of volatility over the last 3 months. We have found sixteen technical indicators for A1VY34, which you can use to evaluate the volatility of the entity. Please confirm A1VY34's Variance of 0.0014, market risk adjusted performance of 3.62, and Mean Deviation of 0.009 to double-check if the risk estimate we provide is consistent with the expected return of 0.0047%. A1VY34 has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0015, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning A1VY34 are expected to decrease at a much lower rate. During the bear market, A1VY34 is likely to outperform the market. A1VY34 at this moment shows a risk of 0.0379%. Please confirm A1VY34 skewness, as well as the relationship between the rate of daily change and day typical price , to decide if A1VY34 will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
A1VY34 has no correlation between past and present. Overlapping area represents the amount of predictability between A1VY34 time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 A1VY34 price movement. The serial correlation of 0.0 indicates that just 0.0% of current A1VY34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
A1VY34 lagged returns against current returns
Autocorrelation, which is A1VY34 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 A1VY34's stock expected returns. We can calculate the autocorrelation of A1VY34 returns to help us make a trade decision. For example, suppose you find that A1VY34 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 |
A1VY34 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 A1VY34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A1VY34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A1VY34 stock over time.
Current vs Lagged Prices |
| Timeline |
A1VY34 Lagged Returns
When evaluating A1VY34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A1VY34 stock have on its future price. A1VY34 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, A1VY34 autocorrelation shows the relationship between A1VY34 stock current value and its past values and can show if there is a momentum factor associated with investing in A1VY34.
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 A1VY34 Stock
A1VY34 financial ratios help investors to determine whether A1VY34 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 A1VY34 with respect to the benefits of owning A1VY34 security.