Odontoprev (Brazil) Market Value
| ODPV3 Stock | BRL 10.85 0.15 1.40% |
| Symbol | Odontoprev |
Odontoprev '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 Odontoprev'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 Odontoprev.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Odontoprev on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Odontoprev SA or generate 0.0% return on investment in Odontoprev over 480 days. Odontoprev is related to or competes with M Dias, Porto Seguro, Fleury SA, Grendene, and Hypera SA. The company operates through Corporate, Small and Medium Sizes, Individual, and Others segments More
Odontoprev 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 Odontoprev'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 Odontoprev SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.83 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 4.28 |
Odontoprev Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Odontoprev's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Odontoprev's standard deviation. In reality, there are many statistical measures that can use Odontoprev historical prices to predict the future Odontoprev's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.16) |
Odontoprev SA Backtested Returns
Odontoprev SA maintains Sharpe Ratio (i.e., Efficiency) of -0.028, which implies the firm had a -0.028% return per unit of risk over the last 3 months. Odontoprev SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odontoprev's Coefficient Of Variation of (5,221), variance of 4.78, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Odontoprev's returns are expected to increase less than the market. However, during the bear market, the loss of holding Odontoprev is expected to be smaller as well. At this point, Odontoprev SA has a negative expected return of -0.0631%. Please make sure to check Odontoprev's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Odontoprev SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Odontoprev SA has weak reverse predictability. Overlapping area represents the amount of predictability between Odontoprev time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Odontoprev SA price movement. The serial correlation of -0.24 indicates that over 24.0% of current Odontoprev price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Odontoprev SA lagged returns against current returns
Autocorrelation, which is Odontoprev 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 Odontoprev's stock expected returns. We can calculate the autocorrelation of Odontoprev returns to help us make a trade decision. For example, suppose you find that Odontoprev 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 |
Odontoprev 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 Odontoprev stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Odontoprev stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Odontoprev stock over time.
Current vs Lagged Prices |
| Timeline |
Odontoprev Lagged Returns
When evaluating Odontoprev's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Odontoprev stock have on its future price. Odontoprev 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, Odontoprev autocorrelation shows the relationship between Odontoprev stock current value and its past values and can show if there is a momentum factor associated with investing in Odontoprev SA.
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 Odontoprev Stock Analysis
When running Odontoprev's price analysis, check to measure Odontoprev'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 Odontoprev is operating at the current time. Most of Odontoprev's value examination focuses on studying past and present price action to predict the probability of Odontoprev's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odontoprev's price. Additionally, you may evaluate how the addition of Odontoprev to your portfolios can decrease your overall portfolio volatility.