Azevedo Travassos (Brazil) Market Value
| AZEV3 Stock | BRL 0.91 0.02 2.15% |
| Symbol | Azevedo |
Azevedo Travassos '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 Azevedo Travassos' 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 Azevedo Travassos.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Azevedo Travassos on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Azevedo Travassos SA or generate 0.0% return on investment in Azevedo Travassos over 30 days. Azevedo Travassos is related to or competes with Azevedo Travassos, Atom Empreendimentos, Bombril SA, Biomm SA, and Recrusul. Azevedo Travassos S.A. provides engineering and general construction services in Brazil More
Azevedo Travassos 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 Azevedo Travassos' 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 Azevedo Travassos SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 22.0 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 5.17 |
Azevedo Travassos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azevedo Travassos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azevedo Travassos' standard deviation. In reality, there are many statistical measures that can use Azevedo Travassos historical prices to predict the future Azevedo Travassos' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.85) |
Azevedo Travassos Backtested Returns
Azevedo Travassos secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of standard deviation over the last 3 months. Azevedo Travassos SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Azevedo Travassos' risk adjusted performance of (0.13), and Mean Deviation of 2.44 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Azevedo Travassos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Azevedo Travassos is expected to be smaller as well. At this point, Azevedo Travassos has a negative expected return of -0.69%. Please make sure to confirm Azevedo Travassos' coefficient of variation, total risk alpha, skewness, as well as the relationship between the information ratio and maximum drawdown , to decide if Azevedo Travassos performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Azevedo Travassos SA has no correlation between past and present. Overlapping area represents the amount of predictability between Azevedo Travassos time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Azevedo Travassos price movement. The serial correlation of 0.0 indicates that just 0.0% of current Azevedo Travassos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Azevedo Travassos lagged returns against current returns
Autocorrelation, which is Azevedo Travassos 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 Azevedo Travassos' stock expected returns. We can calculate the autocorrelation of Azevedo Travassos returns to help us make a trade decision. For example, suppose you find that Azevedo Travassos 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 |
Azevedo Travassos 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 Azevedo Travassos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azevedo Travassos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azevedo Travassos stock over time.
Current vs Lagged Prices |
| Timeline |
Azevedo Travassos Lagged Returns
When evaluating Azevedo Travassos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azevedo Travassos stock have on its future price. Azevedo Travassos 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, Azevedo Travassos autocorrelation shows the relationship between Azevedo Travassos stock current value and its past values and can show if there is a momentum factor associated with investing in Azevedo Travassos SA.
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 Azevedo Stock Analysis
When running Azevedo Travassos' price analysis, check to measure Azevedo Travassos' 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 Azevedo Travassos is operating at the current time. Most of Azevedo Travassos' value examination focuses on studying past and present price action to predict the probability of Azevedo Travassos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azevedo Travassos' price. Additionally, you may evaluate how the addition of Azevedo Travassos to your portfolios can decrease your overall portfolio volatility.