Plaza SA (Chile) Market Value
| MALLPLAZA | CLP 1,935 5.00 0.26% |
| Symbol | Plaza |
Plaza SA '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 Plaza SA'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 Plaza SA.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Plaza SA on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Plaza SA or generate 0.0% return on investment in Plaza SA over 90 days. Plaza SA is related to or competes with Aguas Andinas, Parq Arauco, Enel Generacin, Sociedad Matriz, and Empresa Nacional. Plaza S.A. develops, builds, administers, manages, exploits, leases, and subleeses premises and spaces in shopping cente... More
Plaza SA 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 Plaza SA'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 Plaza SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.2496 | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.43 |
Plaza SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plaza SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plaza SA's standard deviation. In reality, there are many statistical measures that can use Plaza SA historical prices to predict the future Plaza SA's volatility.| Risk Adjusted Performance | 0.1601 | |||
| Jensen Alpha | 0.2482 | |||
| Total Risk Alpha | 0.4206 | |||
| Sortino Ratio | 0.3033 | |||
| Treynor Ratio | 5.83 |
Plaza SA Backtested Returns
Plaza SA appears to be very steady, given 3 months investment horizon. Plaza SA maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Plaza SA, which you can use to evaluate the volatility of the company. Please evaluate Plaza SA's Semi Deviation of 0.893, risk adjusted performance of 0.1601, and Coefficient Of Variation of 557.05 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Plaza SA holds a performance score of 13. The company holds a Beta of 0.0418, which implies not very significant fluctuations relative to the market. As returns on the market increase, Plaza SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plaza SA is expected to be smaller as well. Please check Plaza SA's maximum drawdown, and the relationship between the information ratio and expected short fall , to make a quick decision on whether Plaza SA's historical price patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Plaza SA has average predictability. Overlapping area represents the amount of predictability between Plaza SA time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Plaza SA price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Plaza SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 3916.89 |
Plaza SA lagged returns against current returns
Autocorrelation, which is Plaza SA 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 Plaza SA's stock expected returns. We can calculate the autocorrelation of Plaza SA returns to help us make a trade decision. For example, suppose you find that Plaza SA 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 |
Plaza SA 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 Plaza SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plaza SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plaza SA stock over time.
Current vs Lagged Prices |
| Timeline |
Plaza SA Lagged Returns
When evaluating Plaza SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plaza SA stock have on its future price. Plaza SA 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, Plaza SA autocorrelation shows the relationship between Plaza SA stock current value and its past values and can show if there is a momentum factor associated with investing in Plaza SA.
Regressed Prices |
| Timeline |
Pair Trading with Plaza SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Plaza SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Plaza SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Plaza Stock
The ability to find closely correlated positions to Plaza SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plaza SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Plaza SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Plaza SA to buy it.
The correlation of Plaza SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plaza SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plaza SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Plaza SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Plaza Stock
Plaza SA financial ratios help investors to determine whether Plaza 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 Plaza with respect to the benefits of owning Plaza SA security.