Armac Locacao (Brazil) Market Value
| ARML3 Stock | 6.70 0.85 14.53% |
| Symbol | Armac |
Armac Locacao '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 Armac Locacao'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 Armac Locacao.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Armac Locacao on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Armac Locacao Logistica or generate 0.0% return on investment in Armac Locacao over 30 days.
Armac Locacao 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 Armac Locacao'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 Armac Locacao Logistica upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 4.61 |
Armac Locacao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Armac Locacao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Armac Locacao's standard deviation. In reality, there are many statistical measures that can use Armac Locacao historical prices to predict the future Armac Locacao's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 21.95 |
Armac Locacao Logistica Backtested Returns
Armac Locacao Logistica secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Armac Locacao Logistica exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Armac Locacao's Risk Adjusted Performance of (0.07), standard deviation of 3.29, and Mean Deviation of 2.62 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0174, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Armac Locacao are expected to decrease at a much lower rate. During the bear market, Armac Locacao is likely to outperform the market. At this point, Armac Locacao Logistica has a negative expected return of -0.41%. Please make sure to confirm Armac Locacao's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Armac Locacao Logistica performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Armac Locacao Logistica has average predictability. Overlapping area represents the amount of predictability between Armac Locacao time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Armac Locacao Logistica price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Armac Locacao price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Armac Locacao Logistica lagged returns against current returns
Autocorrelation, which is Armac Locacao 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 Armac Locacao's stock expected returns. We can calculate the autocorrelation of Armac Locacao returns to help us make a trade decision. For example, suppose you find that Armac Locacao 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 |
Armac Locacao 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 Armac Locacao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Armac Locacao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Armac Locacao stock over time.
Current vs Lagged Prices |
| Timeline |
Armac Locacao Lagged Returns
When evaluating Armac Locacao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Armac Locacao stock have on its future price. Armac Locacao 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, Armac Locacao autocorrelation shows the relationship between Armac Locacao stock current value and its past values and can show if there is a momentum factor associated with investing in Armac Locacao Logistica.
Regressed Prices |
| Timeline |
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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 Armac Stock Analysis
When running Armac Locacao's price analysis, check to measure Armac Locacao'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 Armac Locacao is operating at the current time. Most of Armac Locacao's value examination focuses on studying past and present price action to predict the probability of Armac Locacao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Armac Locacao's price. Additionally, you may evaluate how the addition of Armac Locacao to your portfolios can decrease your overall portfolio volatility.