Diagnsticos (Brazil) Market Value
| DASA3 Stock | BRL 2.26 0.08 3.67% |
| Symbol | Diagnsticos |
Diagnsticos '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 Diagnsticos' 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 Diagnsticos.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Diagnsticos on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Diagnsticos da Amrica or generate 0.0% return on investment in Diagnsticos over 90 days. Diagnsticos is related to or competes with Rossi Residencial, CCR SA, Odontoprev, CPFL Energia, and Gafisa SA. Diagnsticos da Amrica S.A. provides diagnostic test services in Latin America More
Diagnsticos 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 Diagnsticos' 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 Diagnsticos da Amrica upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 14.36 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 3.9 |
Diagnsticos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diagnsticos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diagnsticos' standard deviation. In reality, there are many statistical measures that can use Diagnsticos historical prices to predict the future Diagnsticos' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (1.21) |
Diagnsticos da Amrica Backtested Returns
Diagnsticos da Amrica secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of standard deviation over the last 3 months. Diagnsticos da Amrica exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diagnsticos' Standard Deviation of 2.94, mean deviation of 2.33, and Coefficient Of Variation of (635.63) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Diagnsticos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Diagnsticos is expected to be smaller as well. At this point, Diagnsticos da Amrica has a negative expected return of -0.46%. Please make sure to confirm Diagnsticos' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Diagnsticos da Amrica performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Diagnsticos da Amrica has average predictability. Overlapping area represents the amount of predictability between Diagnsticos time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Diagnsticos da Amrica price movement. The serial correlation of 0.48 indicates that about 48.0% of current Diagnsticos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Diagnsticos da Amrica lagged returns against current returns
Autocorrelation, which is Diagnsticos 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 Diagnsticos' stock expected returns. We can calculate the autocorrelation of Diagnsticos returns to help us make a trade decision. For example, suppose you find that Diagnsticos 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 |
Diagnsticos 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 Diagnsticos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diagnsticos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diagnsticos stock over time.
Current vs Lagged Prices |
| Timeline |
Diagnsticos Lagged Returns
When evaluating Diagnsticos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diagnsticos stock have on its future price. Diagnsticos 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, Diagnsticos autocorrelation shows the relationship between Diagnsticos stock current value and its past values and can show if there is a momentum factor associated with investing in Diagnsticos da Amrica.
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 Diagnsticos Stock Analysis
When running Diagnsticos' price analysis, check to measure Diagnsticos' 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 Diagnsticos is operating at the current time. Most of Diagnsticos' value examination focuses on studying past and present price action to predict the probability of Diagnsticos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diagnsticos' price. Additionally, you may evaluate how the addition of Diagnsticos to your portfolios can decrease your overall portfolio volatility.