Marfrig Global (Brazil) Market Value
| MRFG3 Stock | BRL 18.77 0.40 2.18% |
| Symbol | Marfrig |
Marfrig Global '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 Marfrig Global'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 Marfrig Global.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Marfrig Global on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Marfrig Global Foods or generate 0.0% return on investment in Marfrig Global over 30 days. Marfrig Global is related to or competes with Companhia Siderrgica, Cyrela Brazil, Fras Le, Energisa, BTG Pactual, Procter Gamble, and Companhia Paranaense. Marfrig Global Foods S.A., through its subsidiaries, operates in the food and food service industries in Brazil, the Uni... More
Marfrig Global 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 Marfrig Global'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 Marfrig Global Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0932 | |||
| Maximum Drawdown | 12.9 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 4.32 |
Marfrig Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marfrig Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marfrig Global's standard deviation. In reality, there are many statistical measures that can use Marfrig Global historical prices to predict the future Marfrig Global's volatility.| Risk Adjusted Performance | 0.12 | |||
| Jensen Alpha | 0.4048 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1106 | |||
| Treynor Ratio | (1.08) |
Marfrig Global Foods Backtested Returns
Marfrig Global appears to be not too volatile, given 3 months investment horizon. Marfrig Global Foods has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. By analyzing Marfrig Global's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Marfrig Global's Mean Deviation of 1.91, downside deviation of 2.12, and Risk Adjusted Performance of 0.12 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Marfrig Global holds a performance score of 15. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Marfrig Global are expected to decrease at a much lower rate. During the bear market, Marfrig Global is likely to outperform the market. Please check Marfrig Global's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Marfrig Global's current price movements will revert.
Auto-correlation | 0.19 |
Very weak predictability
Marfrig Global Foods has very weak predictability. Overlapping area represents the amount of predictability between Marfrig Global time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Marfrig Global Foods price movement. The serial correlation of 0.19 indicates that over 19.0% of current Marfrig Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Marfrig Global Foods lagged returns against current returns
Autocorrelation, which is Marfrig Global 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 Marfrig Global's stock expected returns. We can calculate the autocorrelation of Marfrig Global returns to help us make a trade decision. For example, suppose you find that Marfrig Global 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 |
Marfrig Global 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 Marfrig Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marfrig Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marfrig Global stock over time.
Current vs Lagged Prices |
| Timeline |
Marfrig Global Lagged Returns
When evaluating Marfrig Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marfrig Global stock have on its future price. Marfrig Global 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, Marfrig Global autocorrelation shows the relationship between Marfrig Global stock current value and its past values and can show if there is a momentum factor associated with investing in Marfrig Global Foods.
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 Marfrig Stock Analysis
When running Marfrig Global's price analysis, check to measure Marfrig Global'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 Marfrig Global is operating at the current time. Most of Marfrig Global's value examination focuses on studying past and present price action to predict the probability of Marfrig Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marfrig Global's price. Additionally, you may evaluate how the addition of Marfrig Global to your portfolios can decrease your overall portfolio volatility.