CSN Minerao's market value is the price at which a share of CSN Minerao trades on a public exchange. It measures the collective expectations of CSN Minerao SA investors about its performance. CSN Minerao is selling for under 4.78 as of the 8th of January 2025; that is 4.59% down since the beginning of the trading day. The stock's lowest day price was 4.74. With this module, you can estimate the performance of a buy and hold strategy of CSN Minerao SA and determine expected loss or profit from investing in CSN Minerao over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
CSN
CSN Minerao '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 CSN Minerao'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 CSN Minerao.
0.00
01/19/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/08/2025
0.00
If you would invest 0.00 in CSN Minerao on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding CSN Minerao SA or generate 0.0% return on investment in CSN Minerao over 720 days.
CSN Minerao 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 CSN Minerao'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 CSN Minerao 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 CSN Minerao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSN Minerao's standard deviation. In reality, there are many statistical measures that can use CSN Minerao historical prices to predict the future CSN Minerao's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CSN Minerao. Your research has to be compared to or analyzed against CSN Minerao's peers to derive any actionable benefits. When done correctly, CSN Minerao'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 CSN Minerao SA.
CSN Minerao SA Backtested Returns
CSN Minerao SA secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. CSN Minerao SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSN Minerao's risk adjusted performance of (0.08), and Mean Deviation of 1.94 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CSN Minerao's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSN Minerao is expected to be smaller as well. At this point, CSN Minerao SA has a negative expected return of -0.31%. Please make sure to confirm CSN Minerao's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if CSN Minerao SA performance from the past will be repeated at future time.
Auto-correlation
0.26
Poor predictability
CSN Minerao SA has poor predictability. Overlapping area represents the amount of predictability between CSN Minerao time series from 19th of January 2023 to 14th of January 2024 and 14th of January 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 CSN Minerao SA price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current CSN Minerao price fluctuation can be explain by its past prices.
Correlation Coefficient
0.26
Spearman Rank Test
0.05
Residual Average
0.0
Price Variance
0.35
CSN Minerao SA lagged returns against current returns
Autocorrelation, which is CSN Minerao 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 CSN Minerao's stock expected returns. We can calculate the autocorrelation of CSN Minerao returns to help us make a trade decision. For example, suppose you find that CSN Minerao 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
CSN Minerao 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 CSN Minerao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSN Minerao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSN Minerao stock over time.
Current vs Lagged Prices
Timeline
CSN Minerao Lagged Returns
When evaluating CSN Minerao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSN Minerao stock have on its future price. CSN Minerao 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, CSN Minerao autocorrelation shows the relationship between CSN Minerao stock current value and its past values and can show if there is a momentum factor associated with investing in CSN Minerao SA.
Regressed Prices
Timeline
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When running CSN Minerao's price analysis, check to measure CSN Minerao'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 CSN Minerao is operating at the current time. Most of CSN Minerao's value examination focuses on studying past and present price action to predict the probability of CSN Minerao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSN Minerao's price. Additionally, you may evaluate how the addition of CSN Minerao to your portfolios can decrease your overall portfolio volatility.