Empreendimentos Pague (Brazil) Market Value
| PGMN3 Stock | BRL 3.28 0.13 4.13% |
| Symbol | Empreendimentos |
Empreendimentos Pague '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 Empreendimentos Pague'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 Empreendimentos Pague.
| 01/27/2024 |
| 01/21/2025 |
If you would invest 0.00 in Empreendimentos Pague on January 27, 2024 and sell it all today you would earn a total of 0.00 from holding Empreendimentos Pague Menos or generate 0.0% return on investment in Empreendimentos Pague over 360 days. Empreendimentos Pague is related to or competes with Pet Center, Locaweb Servios, Hapvida Participaes, and Grupo Mateus. Empreendimentos Pague Menos S.A. operates a chain of pharmacies in Brazil More
Empreendimentos Pague 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 Empreendimentos Pague'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 Empreendimentos Pague Menos upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.1212 | |||
| Maximum Drawdown | 17.67 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 7.26 |
Empreendimentos Pague Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empreendimentos Pague's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empreendimentos Pague's standard deviation. In reality, there are many statistical measures that can use Empreendimentos Pague historical prices to predict the future Empreendimentos Pague's volatility.| Risk Adjusted Performance | 0.116 | |||
| Jensen Alpha | 0.4272 | |||
| Total Risk Alpha | 0.3614 | |||
| Sortino Ratio | 0.1398 | |||
| Treynor Ratio | 0.5257 |
Empreendimentos Pague Backtested Returns
Empreendimentos Pague appears to be unstable, given 3 months investment horizon. Empreendimentos Pague secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Empreendimentos Pague Menos, which you can use to evaluate the volatility of the firm. Please utilize Empreendimentos Pague's Coefficient Of Variation of 770.84, mean deviation of 2.72, and Downside Deviation of 3.03 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Empreendimentos Pague holds a performance score of 9. The firm shows a Beta (market volatility) of 0.84, which means possible diversification benefits within a given portfolio. As returns on the market increase, Empreendimentos Pague's returns are expected to increase less than the market. However, during the bear market, the loss of holding Empreendimentos Pague is expected to be smaller as well. Please check Empreendimentos Pague'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 Empreendimentos Pague's price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Empreendimentos Pague Menos has weak reverse predictability. Overlapping area represents the amount of predictability between Empreendimentos Pague time series from 27th of January 2024 to 25th of July 2024 and 25th of July 2024 to 21st of January 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 Empreendimentos Pague price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Empreendimentos Pague price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Empreendimentos Pague lagged returns against current returns
Autocorrelation, which is Empreendimentos Pague 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 Empreendimentos Pague's stock expected returns. We can calculate the autocorrelation of Empreendimentos Pague returns to help us make a trade decision. For example, suppose you find that Empreendimentos Pague 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 |
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Empreendimentos Pague 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 Empreendimentos Pague stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empreendimentos Pague stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empreendimentos Pague stock over time.
Current vs Lagged Prices |
| Timeline |
Empreendimentos Pague Lagged Returns
When evaluating Empreendimentos Pague's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empreendimentos Pague stock have on its future price. Empreendimentos Pague 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, Empreendimentos Pague autocorrelation shows the relationship between Empreendimentos Pague stock current value and its past values and can show if there is a momentum factor associated with investing in Empreendimentos Pague Menos.
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 Empreendimentos Stock Analysis
When running Empreendimentos Pague's price analysis, check to measure Empreendimentos Pague'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 Empreendimentos Pague is operating at the current time. Most of Empreendimentos Pague's value examination focuses on studying past and present price action to predict the probability of Empreendimentos Pague's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empreendimentos Pague's price. Additionally, you may evaluate how the addition of Empreendimentos Pague to your portfolios can decrease your overall portfolio volatility.