AFP Planvital (Chile) Market Value
| PLANVITAL | CLP 163.58 0.00 0.00% |
| Symbol | AFP |
AFP Planvital '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 AFP Planvital'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 AFP Planvital.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in AFP Planvital on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding AFP Planvital SA or generate 0.0% return on investment in AFP Planvital over 720 days. AFP Planvital is related to or competes with Multiexport Foods, LATAM Airlines, and Banco De. Administradora de Fondos de Pensiones PlanVital S.A More
AFP Planvital 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 AFP Planvital'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 AFP Planvital SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.03) | |||
| Maximum Drawdown | 0.5337 |
AFP Planvital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AFP Planvital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AFP Planvital's standard deviation. In reality, there are many statistical measures that can use AFP Planvital historical prices to predict the future AFP Planvital's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 3.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AFP Planvital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AFP Planvital SA Backtested Returns
AFP Planvital SA secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. AFP Planvital SA exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AFP Planvital's mean deviation of 0.0277, and Risk Adjusted Performance of (0.24) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0076, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AFP Planvital are expected to decrease at a much lower rate. During the bear market, AFP Planvital is likely to outperform the market. At this point, AFP Planvital SA has a negative expected return of -0.0163%. Please make sure to confirm AFP Planvital's treynor ratio and day typical price , to decide if AFP Planvital SA performance from the past will be repeated in the future.
Auto-correlation | 0.64 |
Good predictability
AFP Planvital SA has good predictability. Overlapping area represents the amount of predictability between AFP Planvital time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 AFP Planvital SA price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current AFP Planvital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 814.34 |
AFP Planvital SA lagged returns against current returns
Autocorrelation, which is AFP Planvital 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 AFP Planvital's stock expected returns. We can calculate the autocorrelation of AFP Planvital returns to help us make a trade decision. For example, suppose you find that AFP Planvital 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 |
AFP Planvital 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 AFP Planvital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AFP Planvital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AFP Planvital stock over time.
Current vs Lagged Prices |
| Timeline |
AFP Planvital Lagged Returns
When evaluating AFP Planvital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AFP Planvital stock have on its future price. AFP Planvital 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, AFP Planvital autocorrelation shows the relationship between AFP Planvital stock current value and its past values and can show if there is a momentum factor associated with investing in AFP Planvital SA.
Regressed Prices |
| Timeline |
Pair Trading with AFP Planvital
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 AFP Planvital 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 AFP Planvital will appreciate offsetting losses from the drop in the long position's value.Moving together with AFP Stock
Moving against AFP Stock
The ability to find closely correlated positions to AFP Planvital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AFP Planvital 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 AFP Planvital - 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 AFP Planvital SA to buy it.
The correlation of AFP Planvital 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 AFP Planvital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AFP Planvital 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 AFP Planvital 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.Additional Tools for AFP Stock Analysis
When running AFP Planvital's price analysis, check to measure AFP Planvital'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 AFP Planvital is operating at the current time. Most of AFP Planvital's value examination focuses on studying past and present price action to predict the probability of AFP Planvital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AFP Planvital's price. Additionally, you may evaluate how the addition of AFP Planvital to your portfolios can decrease your overall portfolio volatility.