Equatorial Maranho (Brazil) Market Value
| EQMA3B Stock | BRL 24.35 0.05 0.20% |
| Symbol | Equatorial |
Equatorial Maranho '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 Equatorial Maranho'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 Equatorial Maranho.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Equatorial Maranho on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Equatorial Maranho Distribuidora or generate 0.0% return on investment in Equatorial Maranho over 30 days. Equatorial Maranho is related to or competes with Equatorial Par, Companhia Energtica, Companhiade Eletricidade, Centrais Eltricas, and Rio Paranapanema. Equatorial Maranho Distribuidora de Energia S.A More
Equatorial Maranho 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 Equatorial Maranho'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 Equatorial Maranho Distribuidora upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.1 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 2.53 |
Equatorial Maranho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equatorial Maranho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equatorial Maranho's standard deviation. In reality, there are many statistical measures that can use Equatorial Maranho historical prices to predict the future Equatorial Maranho's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.10) |
Equatorial Maranho Backtested Returns
Equatorial Maranho secures Sharpe Ratio (or Efficiency) of -0.0298, which denotes the company had a -0.0298% return per unit of risk over the last 3 months. Equatorial Maranho Distribuidora exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equatorial Maranho's Mean Deviation of 1.22, standard deviation of 1.83, and Variance of 3.35 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equatorial Maranho's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equatorial Maranho is expected to be smaller as well. At this point, Equatorial Maranho has a negative expected return of -0.0558%. Please make sure to confirm Equatorial Maranho's maximum drawdown, skewness, daily balance of power, as well as the relationship between the potential upside and kurtosis , to decide if Equatorial Maranho performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Equatorial Maranho Distribuidora has modest predictability. Overlapping area represents the amount of predictability between Equatorial Maranho time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Equatorial Maranho price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Equatorial Maranho price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Equatorial Maranho lagged returns against current returns
Autocorrelation, which is Equatorial Maranho 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 Equatorial Maranho's stock expected returns. We can calculate the autocorrelation of Equatorial Maranho returns to help us make a trade decision. For example, suppose you find that Equatorial Maranho 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 |
Equatorial Maranho 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 Equatorial Maranho stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equatorial Maranho stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equatorial Maranho stock over time.
Current vs Lagged Prices |
| Timeline |
Equatorial Maranho Lagged Returns
When evaluating Equatorial Maranho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equatorial Maranho stock have on its future price. Equatorial Maranho 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, Equatorial Maranho autocorrelation shows the relationship between Equatorial Maranho stock current value and its past values and can show if there is a momentum factor associated with investing in Equatorial Maranho Distribuidora.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Equatorial Stock
Equatorial Maranho financial ratios help investors to determine whether Equatorial Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Equatorial with respect to the benefits of owning Equatorial Maranho security.