Dexxos Participaes (Brazil) Market Value
| DEXP3 Stock | 8.27 0.32 3.73% |
| Symbol | Dexxos |
Dexxos Participaes '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 Dexxos Participaes' 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 Dexxos Participaes.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Dexxos Participaes on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Dexxos Participaes SA or generate 0.0% return on investment in Dexxos Participaes over 390 days. Dexxos Participaes is related to or competes with Taurus Armas, Cia De, Irani Papel, Ambipar Participaes, and SIMPAR SA. More
Dexxos Participaes 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 Dexxos Participaes' 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 Dexxos Participaes SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 3.11 |
Dexxos Participaes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dexxos Participaes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dexxos Participaes' standard deviation. In reality, there are many statistical measures that can use Dexxos Participaes historical prices to predict the future Dexxos Participaes' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.8839 |
Dexxos Participaes Backtested Returns
Dexxos Participaes secures Sharpe Ratio (or Efficiency) of -0.0747, which denotes the company had a -0.0747% return per unit of risk over the last 3 months. Dexxos Participaes SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dexxos Participaes' Standard Deviation of 2.06, mean deviation of 1.53, and Variance of 4.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dexxos Participaes are expected to decrease at a much lower rate. During the bear market, Dexxos Participaes is likely to outperform the market. At this point, Dexxos Participaes has a negative expected return of -0.16%. Please make sure to confirm Dexxos Participaes' rate of daily change, price action indicator, and the relationship between the accumulation distribution and day typical price , to decide if Dexxos Participaes performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Dexxos Participaes SA has very weak predictability. Overlapping area represents the amount of predictability between Dexxos Participaes time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Dexxos Participaes price movement. The serial correlation of 0.19 indicates that over 19.0% of current Dexxos Participaes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Dexxos Participaes lagged returns against current returns
Autocorrelation, which is Dexxos Participaes 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 Dexxos Participaes' stock expected returns. We can calculate the autocorrelation of Dexxos Participaes returns to help us make a trade decision. For example, suppose you find that Dexxos Participaes 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 |
Dexxos Participaes 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 Dexxos Participaes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dexxos Participaes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dexxos Participaes stock over time.
Current vs Lagged Prices |
| Timeline |
Dexxos Participaes Lagged Returns
When evaluating Dexxos Participaes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dexxos Participaes stock have on its future price. Dexxos Participaes 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, Dexxos Participaes autocorrelation shows the relationship between Dexxos Participaes stock current value and its past values and can show if there is a momentum factor associated with investing in Dexxos Participaes SA.
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 Dexxos Stock Analysis
When running Dexxos Participaes' price analysis, check to measure Dexxos Participaes' 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 Dexxos Participaes is operating at the current time. Most of Dexxos Participaes' value examination focuses on studying past and present price action to predict the probability of Dexxos Participaes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dexxos Participaes' price. Additionally, you may evaluate how the addition of Dexxos Participaes to your portfolios can decrease your overall portfolio volatility.