I1VZ34 (Brazil) Market Value
| I1VZ34 Stock | BRL 107.91 0.77 0.71% |
| Symbol | I1VZ34 |
I1VZ34 '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 I1VZ34'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 I1VZ34.
| 09/04/2023 |
| 12/27/2024 |
If you would invest 0.00 in I1VZ34 on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding I1VZ34 or generate 0.0% return on investment in I1VZ34 over 480 days. I1VZ34 is related to or competes with Teladoc Health, T Mobile, Metalurgica Gerdau, Bemobi Mobile, Healthpeak Properties, Iron Mountain, and UnitedHealth Group. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corpor... More
I1VZ34 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 I1VZ34'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 I1VZ34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 13.55 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 5.13 |
I1VZ34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for I1VZ34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I1VZ34's standard deviation. In reality, there are many statistical measures that can use I1VZ34 historical prices to predict the future I1VZ34's volatility.| Risk Adjusted Performance | 0.122 | |||
| Jensen Alpha | 0.3505 | |||
| Total Risk Alpha | 0.2014 | |||
| Sortino Ratio | 0.106 | |||
| Treynor Ratio | (0.64) |
I1VZ34 Backtested Returns
I1VZ34 appears to be very steady, given 3 months investment horizon. I1VZ34 holds Efficiency (Sharpe) Ratio of 0.1, which attests that the company had a 0.1% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for I1VZ34, which you can use to evaluate the volatility of the entity. Please utilize I1VZ34's semi deviation of 1.42, and Market Risk Adjusted Performance of (0.63) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, I1VZ34 holds a performance score of 8. The firm retains a Market Volatility (i.e., Beta) of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning I1VZ34 are expected to decrease at a much lower rate. During the bear market, I1VZ34 is likely to outperform the market. Please check I1VZ34's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether I1VZ34's current trending patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
I1VZ34 has modest predictability. Overlapping area represents the amount of predictability between I1VZ34 time series from 4th of September 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 I1VZ34 price movement. The serial correlation of 0.54 indicates that about 54.0% of current I1VZ34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 113.51 |
I1VZ34 lagged returns against current returns
Autocorrelation, which is I1VZ34 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 I1VZ34's stock expected returns. We can calculate the autocorrelation of I1VZ34 returns to help us make a trade decision. For example, suppose you find that I1VZ34 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 |
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I1VZ34 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 I1VZ34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I1VZ34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I1VZ34 stock over time.
Current vs Lagged Prices |
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I1VZ34 Lagged Returns
When evaluating I1VZ34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I1VZ34 stock have on its future price. I1VZ34 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, I1VZ34 autocorrelation shows the relationship between I1VZ34 stock current value and its past values and can show if there is a momentum factor associated with investing in I1VZ34.
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 I1VZ34 Stock
I1VZ34 financial ratios help investors to determine whether I1VZ34 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 I1VZ34 with respect to the benefits of owning I1VZ34 security.