Companhia Siderrgica (Brazil) Market Value
| CSNA3 Stock | BRL 10.22 1.08 11.82% |
| Symbol | Companhia |
Companhia Siderrgica '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 Companhia Siderrgica'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 Companhia Siderrgica.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Companhia Siderrgica on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Companhia Siderrgica Nacional or generate 0.0% return on investment in Companhia Siderrgica over 90 days. Companhia Siderrgica is related to or competes with GP Investments, Zoom Video, Apartment Investment, Warner Music, Broadcom, and Eastman Chemical. Companhia Siderrgica Nacional operates as an integrated steel producer in Brazil and Latin America More
Companhia Siderrgica 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 Companhia Siderrgica'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 Companhia Siderrgica Nacional upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 9.0E-4 | |||
| Maximum Drawdown | 14.52 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 6.41 |
Companhia Siderrgica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Siderrgica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Siderrgica's standard deviation. In reality, there are many statistical measures that can use Companhia Siderrgica historical prices to predict the future Companhia Siderrgica's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.3431 | |||
| Treynor Ratio | (0.29) |
Companhia Siderrgica Backtested Returns
Currently, Companhia Siderrgica Nacional is somewhat reliable. Companhia Siderrgica secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Companhia Siderrgica Nacional, which you can use to evaluate the volatility of the firm. Please confirm Companhia Siderrgica's Standard Deviation of 3.59, risk adjusted performance of (0.02), and Mean Deviation of 2.63 to double-check if the risk estimate we provide is consistent with the expected return of 0.0022%. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Companhia Siderrgica's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia Siderrgica is expected to be smaller as well. Companhia Siderrgica right now shows a risk of 3.64%. Please confirm Companhia Siderrgica jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Companhia Siderrgica will be following its price patterns.
Auto-correlation | 0.51 |
Modest predictability
Companhia Siderrgica Nacional has modest predictability. Overlapping area represents the amount of predictability between Companhia Siderrgica time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Companhia Siderrgica price movement. The serial correlation of 0.51 indicates that about 51.0% of current Companhia Siderrgica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Companhia Siderrgica lagged returns against current returns
Autocorrelation, which is Companhia Siderrgica 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 Companhia Siderrgica's stock expected returns. We can calculate the autocorrelation of Companhia Siderrgica returns to help us make a trade decision. For example, suppose you find that Companhia Siderrgica 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 |
Companhia Siderrgica 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 Companhia Siderrgica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Siderrgica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Siderrgica stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Siderrgica Lagged Returns
When evaluating Companhia Siderrgica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Siderrgica stock have on its future price. Companhia Siderrgica 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, Companhia Siderrgica autocorrelation shows the relationship between Companhia Siderrgica stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Siderrgica Nacional.
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 Companhia Stock Analysis
When running Companhia Siderrgica's price analysis, check to measure Companhia Siderrgica'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 Companhia Siderrgica is operating at the current time. Most of Companhia Siderrgica's value examination focuses on studying past and present price action to predict the probability of Companhia Siderrgica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Siderrgica's price. Additionally, you may evaluate how the addition of Companhia Siderrgica to your portfolios can decrease your overall portfolio volatility.