Companhia Tecidos (Brazil) Market Value
| CTSA3 Stock | BRL 1.51 0.04 2.58% |
| Symbol | Companhia |
Companhia Tecidos '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 Tecidos' 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 Tecidos.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in Companhia Tecidos on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding Companhia Tecidos Santanense or generate 0.0% return on investment in Companhia Tecidos over 180 days. Companhia Tecidos is related to or competes with Companhia Tecidos, Companhia, Pettenati, Dhler SA, and Bombril SA. Companhia Tecidos Santanense Ltda. engages in textile business in Brazil and internationally More
Companhia Tecidos 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 Tecidos' 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 Tecidos Santanense upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 14.65 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 1.49 |
Companhia Tecidos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Tecidos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Tecidos' standard deviation. In reality, there are many statistical measures that can use Companhia Tecidos historical prices to predict the future Companhia Tecidos' volatility.| Risk Adjusted Performance | (0.27) | |||
| Jensen Alpha | (0.85) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (1.72) |
Companhia Tecidos Backtested Returns
Companhia Tecidos secures Sharpe Ratio (or Efficiency) of -0.38, which signifies that the company had a -0.38% return per unit of risk over the last 3 months. Companhia Tecidos Santanense exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhia Tecidos' Risk Adjusted Performance of (0.27), standard deviation of 2.41, and Mean Deviation of 1.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Companhia Tecidos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia Tecidos is expected to be smaller as well. At this point, Companhia Tecidos has a negative expected return of -0.92%. Please make sure to confirm Companhia Tecidos' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Companhia Tecidos performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Companhia Tecidos Santanense has good reverse predictability. Overlapping area represents the amount of predictability between Companhia Tecidos time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 Companhia Tecidos price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Companhia Tecidos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Companhia Tecidos lagged returns against current returns
Autocorrelation, which is Companhia Tecidos 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 Tecidos' stock expected returns. We can calculate the autocorrelation of Companhia Tecidos returns to help us make a trade decision. For example, suppose you find that Companhia Tecidos 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 Tecidos 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 Tecidos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Tecidos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Tecidos stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Tecidos Lagged Returns
When evaluating Companhia Tecidos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Tecidos stock have on its future price. Companhia Tecidos 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 Tecidos autocorrelation shows the relationship between Companhia Tecidos stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Tecidos Santanense.
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 Tecidos' price analysis, check to measure Companhia Tecidos' 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 Tecidos is operating at the current time. Most of Companhia Tecidos' value examination focuses on studying past and present price action to predict the probability of Companhia Tecidos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Tecidos' price. Additionally, you may evaluate how the addition of Companhia Tecidos to your portfolios can decrease your overall portfolio volatility.