Capex SA (Argentina) Market Value
| CAPX Stock | ARS 8,180 30.00 0.37% |
| Symbol | Capex |
Capex SA '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 Capex SA'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 Capex SA.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Capex SA on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding Capex SA or generate 0.0% return on investment in Capex SA over 90 days. Capex SA is related to or competes with American Express, United States, Pfizer, IRSA Propiedades, Dycasa SA, and Garovaglio. Capex S.A., an integrated energy company, engaging in generation and sale of thermal electric and renewable power in Arg... More
Capex SA 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 Capex SA'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 Capex SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.1175 | |||
| Maximum Drawdown | 18.62 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 6.45 |
Capex SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capex SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capex SA's standard deviation. In reality, there are many statistical measures that can use Capex SA historical prices to predict the future Capex SA's volatility.| Risk Adjusted Performance | 0.121 | |||
| Jensen Alpha | 0.4289 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.161 | |||
| Treynor Ratio | 0.9793 |
Capex SA Backtested Returns
Capex SA appears to be very steady, given 3 months investment horizon. Capex SA secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Capex SA, which you can use to evaluate the volatility of the firm. Please makes use of Capex SA's Downside Deviation of 2.31, risk adjusted performance of 0.121, and Mean Deviation of 2.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Capex SA holds a performance score of 11. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Capex SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capex SA is expected to be smaller as well. Please check Capex SA's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Capex SA's price patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Capex SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Capex SA time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 Capex SA price movement. The serial correlation of -0.8 indicates that around 80.0% of current Capex SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
Capex SA lagged returns against current returns
Autocorrelation, which is Capex SA 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 Capex SA's stock expected returns. We can calculate the autocorrelation of Capex SA returns to help us make a trade decision. For example, suppose you find that Capex SA 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 |
Capex SA 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 Capex SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capex SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capex SA stock over time.
Current vs Lagged Prices |
| Timeline |
Capex SA Lagged Returns
When evaluating Capex SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capex SA stock have on its future price. Capex SA 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, Capex SA autocorrelation shows the relationship between Capex SA stock current value and its past values and can show if there is a momentum factor associated with investing in Capex 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.Other Information on Investing in Capex Stock
Capex SA financial ratios help investors to determine whether Capex 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 Capex with respect to the benefits of owning Capex SA security.