JOSAPAR Joaquim (Brazil) Market Value
| JOPA3 Stock | BRL 21.00 0.00 0.00% |
| Symbol | JOSAPAR |
JOSAPAR Joaquim '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 JOSAPAR Joaquim'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 JOSAPAR Joaquim.
| 09/27/2024 |
| 12/26/2024 |
If you would invest 0.00 in JOSAPAR Joaquim on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding JOSAPAR Joaquim Oliveira or generate 0.0% return on investment in JOSAPAR Joaquim over 90 days. JOSAPAR Joaquim is related to or competes with Lojas Renner, Hypera SA, Fleury SA, Localiza Rent, and WEG SA. Participaes operates as a food products company in Brazil More
JOSAPAR Joaquim 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 JOSAPAR Joaquim'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 JOSAPAR Joaquim Oliveira upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.63 | |||
| Value At Risk | (0.05) |
JOSAPAR Joaquim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JOSAPAR Joaquim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JOSAPAR Joaquim's standard deviation. In reality, there are many statistical measures that can use JOSAPAR Joaquim historical prices to predict the future JOSAPAR Joaquim's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (1.54) |
JOSAPAR Joaquim Oliveira Backtested Returns
JOSAPAR Joaquim Oliveira holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of volatility over the last 3 months. JOSAPAR Joaquim Oliveira exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JOSAPAR Joaquim's risk adjusted performance of (0.12), and Market Risk Adjusted Performance of (1.53) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0935, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JOSAPAR Joaquim's returns are expected to increase less than the market. However, during the bear market, the loss of holding JOSAPAR Joaquim is expected to be smaller as well. At this point, JOSAPAR Joaquim Oliveira has a negative expected return of -0.11%. Please make sure to check out JOSAPAR Joaquim's maximum drawdown, skewness, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if JOSAPAR Joaquim Oliveira performance from the past will be repeated at future time.
Auto-correlation | 0.63 |
Good predictability
JOSAPAR Joaquim Oliveira has good predictability. Overlapping area represents the amount of predictability between JOSAPAR Joaquim time series from 27th of September 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 JOSAPAR Joaquim Oliveira price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current JOSAPAR Joaquim price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JOSAPAR Joaquim Oliveira lagged returns against current returns
Autocorrelation, which is JOSAPAR Joaquim 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 JOSAPAR Joaquim's stock expected returns. We can calculate the autocorrelation of JOSAPAR Joaquim returns to help us make a trade decision. For example, suppose you find that JOSAPAR Joaquim 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 |
JOSAPAR Joaquim 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 JOSAPAR Joaquim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JOSAPAR Joaquim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JOSAPAR Joaquim stock over time.
Current vs Lagged Prices |
| Timeline |
JOSAPAR Joaquim Lagged Returns
When evaluating JOSAPAR Joaquim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JOSAPAR Joaquim stock have on its future price. JOSAPAR Joaquim 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, JOSAPAR Joaquim autocorrelation shows the relationship between JOSAPAR Joaquim stock current value and its past values and can show if there is a momentum factor associated with investing in JOSAPAR Joaquim Oliveira.
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.Additional Tools for JOSAPAR Stock Analysis
When running JOSAPAR Joaquim's price analysis, check to measure JOSAPAR Joaquim's 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 JOSAPAR Joaquim is operating at the current time. Most of JOSAPAR Joaquim's value examination focuses on studying past and present price action to predict the probability of JOSAPAR Joaquim's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JOSAPAR Joaquim's price. Additionally, you may evaluate how the addition of JOSAPAR Joaquim to your portfolios can decrease your overall portfolio volatility.