Empresas (Chile) Market Value
| ABC Stock | 12.55 0.25 1.95% |
| Symbol | Empresas |
Empresas '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 Empresas' 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 Empresas.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Empresas on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Empresas la Polar or generate 0.0% return on investment in Empresas over 90 days.
Empresas 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 Empresas' 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 Empresas la Polar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.4225 | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 3.32 |
Empresas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empresas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empresas' standard deviation. In reality, there are many statistical measures that can use Empresas historical prices to predict the future Empresas' volatility.| Risk Adjusted Performance | 0.3125 | |||
| Jensen Alpha | 0.5048 | |||
| Total Risk Alpha | 0.6875 | |||
| Sortino Ratio | 0.4159 | |||
| Treynor Ratio | (88.66) |
Empresas la Polar Backtested Returns
Empresas appears to be not too volatile, given 3 months investment horizon. Empresas la Polar secures Sharpe Ratio (or Efficiency) of 0.33, which denotes the company had a 0.33 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Empresas la Polar, which you can use to evaluate the volatility of the firm. Please utilize Empresas' Mean Deviation of 1.07, downside deviation of 1.48, and Coefficient Of Variation of 282.2 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Empresas holds a performance score of 25. The firm shows a Beta (market volatility) of -0.0057, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Empresas are expected to decrease at a much lower rate. During the bear market, Empresas is likely to outperform the market. Please check Empresas' total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Empresas' price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Empresas la Polar has modest predictability. Overlapping area represents the amount of predictability between Empresas time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Empresas la Polar price movement. The serial correlation of 0.53 indicates that about 53.0% of current Empresas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Empresas la Polar lagged returns against current returns
Autocorrelation, which is Empresas 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 Empresas' stock expected returns. We can calculate the autocorrelation of Empresas returns to help us make a trade decision. For example, suppose you find that Empresas 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 |
Empresas 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 Empresas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empresas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empresas stock over time.
Current vs Lagged Prices |
| Timeline |
Empresas Lagged Returns
When evaluating Empresas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empresas stock have on its future price. Empresas 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, Empresas autocorrelation shows the relationship between Empresas stock current value and its past values and can show if there is a momentum factor associated with investing in Empresas la Polar.
Regressed Prices |
| Timeline |
Pair Trading with Empresas
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 Empresas 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 Empresas will appreciate offsetting losses from the drop in the long position's value.Moving together with Empresas Stock
| 0.61 | AAISA | Administradora Americana | PairCorr |
| 0.65 | ENLASA | Energia Latina SA | PairCorr |
| 0.81 | GASCO | Empresas Gasco SA | PairCorr |
| 0.97 | SMU | SMU SA | PairCorr |
The ability to find closely correlated positions to Empresas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empresas 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 Empresas - 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 Empresas la Polar to buy it.
The correlation of Empresas 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 Empresas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empresas la Polar 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 Empresas 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.