Sendas Distribuidora's market value is the price at which a share of Sendas Distribuidora trades on a public exchange. It measures the collective expectations of Sendas Distribuidora SA investors about its performance. Sendas Distribuidora is selling for under 5.80 as of the 8th of January 2025; that is 1.93% up since the beginning of the trading day. The stock's lowest day price was 5.65. With this module, you can estimate the performance of a buy and hold strategy of Sendas Distribuidora SA and determine expected loss or profit from investing in Sendas Distribuidora over a given investment horizon. Check out Sendas Distribuidora Correlation, Sendas Distribuidora Volatility and Sendas Distribuidora Alpha and Beta module to complement your research on Sendas Distribuidora.
Please note, there is a significant difference between Sendas Distribuidora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sendas Distribuidora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sendas Distribuidora's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sendas Distribuidora '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 Sendas Distribuidora'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 Sendas Distribuidora.
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12/09/2024
No Change 0.00
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In 31 days
01/08/2025
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If you would invest 0.00 in Sendas Distribuidora on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Sendas Distribuidora SA or generate 0.0% return on investment in Sendas Distribuidora over 30 days. Sendas Distribuidora is related to or competes with Kroger, BTG Pactual, Plano Plano, Gen Digital, Cable One, and British American. Sendas Distribuidora S.A. engages in the retail and wholesale sale of food products, bazaar items, and other products in... More
Sendas Distribuidora 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 Sendas Distribuidora'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 Sendas Distribuidora SA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sendas Distribuidora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sendas Distribuidora's standard deviation. In reality, there are many statistical measures that can use Sendas Distribuidora historical prices to predict the future Sendas Distribuidora's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sendas Distribuidora. Your research has to be compared to or analyzed against Sendas Distribuidora's peers to derive any actionable benefits. When done correctly, Sendas Distribuidora's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sendas Distribuidora.
Sendas Distribuidora Backtested Returns
Sendas Distribuidora owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0403, which indicates the firm had a -0.0403% return per unit of risk over the last 3 months. Sendas Distribuidora SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sendas Distribuidora's Risk Adjusted Performance of (0.06), variance of 12.68, and Coefficient Of Variation of (1,215) to confirm the risk estimate we provide. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sendas Distribuidora's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sendas Distribuidora is expected to be smaller as well. At this point, Sendas Distribuidora has a negative expected return of -0.14%. Please make sure to validate Sendas Distribuidora's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sendas Distribuidora performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.23
Weak reverse predictability
Sendas Distribuidora SA has weak reverse predictability. Overlapping area represents the amount of predictability between Sendas Distribuidora time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 Sendas Distribuidora price movement. The serial correlation of -0.23 indicates that over 23.0% of current Sendas Distribuidora price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.23
Spearman Rank Test
0.14
Residual Average
0.0
Price Variance
0.03
Sendas Distribuidora lagged returns against current returns
Autocorrelation, which is Sendas Distribuidora 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 Sendas Distribuidora's stock expected returns. We can calculate the autocorrelation of Sendas Distribuidora returns to help us make a trade decision. For example, suppose you find that Sendas Distribuidora 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
Sendas Distribuidora 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 Sendas Distribuidora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sendas Distribuidora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sendas Distribuidora stock over time.
Current vs Lagged Prices
Timeline
Sendas Distribuidora Lagged Returns
When evaluating Sendas Distribuidora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sendas Distribuidora stock have on its future price. Sendas Distribuidora 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, Sendas Distribuidora autocorrelation shows the relationship between Sendas Distribuidora stock current value and its past values and can show if there is a momentum factor associated with investing in Sendas Distribuidora SA.
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.
When running Sendas Distribuidora's price analysis, check to measure Sendas Distribuidora'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 Sendas Distribuidora is operating at the current time. Most of Sendas Distribuidora's value examination focuses on studying past and present price action to predict the probability of Sendas Distribuidora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sendas Distribuidora's price. Additionally, you may evaluate how the addition of Sendas Distribuidora to your portfolios can decrease your overall portfolio volatility.