Patria Latin American Market Value
| PLAODelisted Stock | USD 11.63 0.00 0.00% |
| Symbol | Patria |
Patria Latin '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 Patria Latin'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 Patria Latin.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Patria Latin on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Patria Latin American or generate 0.0% return on investment in Patria Latin over 720 days. Patria Latin is related to or competes with Futuretech, and Qomolangma Acquisition. Patria Latin American Opportunity Acquisition Corp More
Patria Latin 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 Patria Latin'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 Patria Latin American upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1219 | |||
| Information Ratio | (1.67) | |||
| Maximum Drawdown | 0.3451 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.1723 |
Patria Latin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patria Latin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patria Latin's standard deviation. In reality, there are many statistical measures that can use Patria Latin historical prices to predict the future Patria Latin's volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | 0.002 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.92) | |||
| Treynor Ratio | (1.12) |
Patria Latin American Backtested Returns
As of now, Patria Stock is very steady. Patria Latin American maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Patria Latin American, which you can use to evaluate the volatility of the company. Please check Patria Latin's Risk Adjusted Performance of 0.0303, standard deviation of 0.0675, and Downside Deviation of 0.1219 to confirm if the risk estimate we provide is consistent with the expected return of 0.013%. Patria Latin has a performance score of 14 on a scale of 0 to 100. The company holds a Beta of -0.0016, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Patria Latin are expected to decrease at a much lower rate. During the bear market, Patria Latin is likely to outperform the market. Patria Latin American right now holds a risk of 0.0689%. Please check Patria Latin American treynor ratio, semi variance, as well as the relationship between the Semi Variance and day median price , to decide if Patria Latin American will be following its historical price patterns.
Auto-correlation | 0.97 |
Excellent predictability
Patria Latin American has excellent predictability. Overlapping area represents the amount of predictability between Patria Latin time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Patria Latin American price movement. The serial correlation of 0.97 indicates that 97.0% of current Patria Latin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Patria Latin American lagged returns against current returns
Autocorrelation, which is Patria Latin 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 Patria Latin's stock expected returns. We can calculate the autocorrelation of Patria Latin returns to help us make a trade decision. For example, suppose you find that Patria Latin 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 |
Patria Latin 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 Patria Latin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patria Latin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patria Latin stock over time.
Current vs Lagged Prices |
| Timeline |
Patria Latin Lagged Returns
When evaluating Patria Latin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patria Latin stock have on its future price. Patria Latin 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, Patria Latin autocorrelation shows the relationship between Patria Latin stock current value and its past values and can show if there is a momentum factor associated with investing in Patria Latin American.
Regressed Prices |
| Timeline |
Pair Trading with Patria Latin
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 Patria Latin 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 Patria Latin will appreciate offsetting losses from the drop in the long position's value.Moving together with Patria Stock
Moving against Patria Stock
| 0.87 | BRACU | Broad Capital Acquisition | PairCorr |
| 0.7 | BRKHU | BurTech Acquisition Corp | PairCorr |
| 0.61 | PFTAU | Portage Fintech Acqu | PairCorr |
| 0.47 | EMCGU | Embrace Change Acqui | PairCorr |
| 0.42 | BRACR | Broad Capital Acquisition | PairCorr |
The ability to find closely correlated positions to Patria Latin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patria Latin 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 Patria Latin - 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 Patria Latin American to buy it.
The correlation of Patria Latin 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 Patria Latin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patria Latin American 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 Patria Latin 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.Check out Patria Latin Correlation, Patria Latin Volatility and Patria Latin Alpha and Beta module to complement your research on Patria Latin. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Consideration for investing in Patria Stock
If you are still planning to invest in Patria Latin American check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Patria Latin's history and understand the potential risks before investing.
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