Ouro Fino (Brazil) Market Value
| OFSA3 Stock | BRL 21.39 0.09 0.42% |
| Symbol | Ouro |
Ouro Fino '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 Ouro Fino'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 Ouro Fino.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Ouro Fino on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Ouro Fino Sade or generate 0.0% return on investment in Ouro Fino over 30 days. Ouro Fino is related to or competes with M Dias, Porto Seguro, Fleury SA, Grendene, and Hypera SA. Ouro Fino Sade Animal Participaes S.A., together with its subsidiaries, operates in the animal health industry primarily... More
Ouro Fino 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 Ouro Fino'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 Ouro Fino Sade upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.61 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 3.25 |
Ouro Fino Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ouro Fino's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ouro Fino's standard deviation. In reality, there are many statistical measures that can use Ouro Fino historical prices to predict the future Ouro Fino's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (1.77) |
Ouro Fino Sade Backtested Returns
Ouro Fino Sade maintains Sharpe Ratio (i.e., Efficiency) of -0.0371, which implies the firm had a -0.0371% return per unit of risk over the last 3 months. Ouro Fino Sade exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ouro Fino's Coefficient Of Variation of (2,025), variance of 2.45, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of 0.0493, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ouro Fino's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ouro Fino is expected to be smaller as well. At this point, Ouro Fino Sade has a negative expected return of -0.0593%. Please make sure to check Ouro Fino's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Ouro Fino Sade performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
Ouro Fino Sade has poor reverse predictability. Overlapping area represents the amount of predictability between Ouro Fino time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Ouro Fino Sade price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Ouro Fino price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Ouro Fino Sade lagged returns against current returns
Autocorrelation, which is Ouro Fino 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 Ouro Fino's stock expected returns. We can calculate the autocorrelation of Ouro Fino returns to help us make a trade decision. For example, suppose you find that Ouro Fino 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 |
Ouro Fino 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 Ouro Fino stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ouro Fino stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ouro Fino stock over time.
Current vs Lagged Prices |
| Timeline |
Ouro Fino Lagged Returns
When evaluating Ouro Fino's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ouro Fino stock have on its future price. Ouro Fino 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, Ouro Fino autocorrelation shows the relationship between Ouro Fino stock current value and its past values and can show if there is a momentum factor associated with investing in Ouro Fino Sade.
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 Ouro Stock Analysis
When running Ouro Fino's price analysis, check to measure Ouro Fino'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 Ouro Fino is operating at the current time. Most of Ouro Fino's value examination focuses on studying past and present price action to predict the probability of Ouro Fino's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ouro Fino's price. Additionally, you may evaluate how the addition of Ouro Fino to your portfolios can decrease your overall portfolio volatility.