Paranapanema (Brazil) Market Value
| PMAM3 Stock | BRL 1.07 0.04 3.60% |
| Symbol | Paranapanema |
Paranapanema '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 Paranapanema'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 Paranapanema.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Paranapanema on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Paranapanema SA or generate 0.0% return on investment in Paranapanema over 30 days. Paranapanema is related to or competes with Marcopolo, Cia De, Valid Solues, Unipar Carbocloro, and JHSF Participaes. Paranapanema S.A. produces and sells electrolytic refined copper, its by-products, and related services in Brazil and in... More
Paranapanema 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 Paranapanema'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 Paranapanema SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.59 | |||
| Information Ratio | 0.046 | |||
| Maximum Drawdown | 69.93 | |||
| Value At Risk | (8.72) | |||
| Potential Upside | 7.96 |
Paranapanema Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paranapanema's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paranapanema's standard deviation. In reality, there are many statistical measures that can use Paranapanema historical prices to predict the future Paranapanema's volatility.| Risk Adjusted Performance | 0.0418 | |||
| Jensen Alpha | 0.4126 | |||
| Total Risk Alpha | 0.6189 | |||
| Sortino Ratio | 0.0834 | |||
| Treynor Ratio | 0.1554 |
Paranapanema SA Backtested Returns
Paranapanema appears to be abnormally volatile, given 3 months investment horizon. Paranapanema SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0476, which implies the firm had a 0.0476 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Paranapanema SA, which you can use to evaluate the volatility of the company. Please evaluate Paranapanema's Semi Deviation of 4.37, risk adjusted performance of 0.0418, and Coefficient Of Variation of 2249.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paranapanema holds a performance score of 3. The company holds a Beta of 2.31, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Paranapanema will likely underperform. Please check Paranapanema's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Paranapanema's historical price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Paranapanema SA has modest reverse predictability. Overlapping area represents the amount of predictability between Paranapanema time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 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 Paranapanema SA price movement. The serial correlation of -0.46 indicates that about 46.0% of current Paranapanema price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Paranapanema SA lagged returns against current returns
Autocorrelation, which is Paranapanema 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 Paranapanema's stock expected returns. We can calculate the autocorrelation of Paranapanema returns to help us make a trade decision. For example, suppose you find that Paranapanema 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 |
Paranapanema 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 Paranapanema stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paranapanema stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paranapanema stock over time.
Current vs Lagged Prices |
| Timeline |
Paranapanema Lagged Returns
When evaluating Paranapanema's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paranapanema stock have on its future price. Paranapanema 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, Paranapanema autocorrelation shows the relationship between Paranapanema stock current value and its past values and can show if there is a momentum factor associated with investing in Paranapanema 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 Paranapanema Stock Analysis
When running Paranapanema's price analysis, check to measure Paranapanema'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 Paranapanema is operating at the current time. Most of Paranapanema's value examination focuses on studying past and present price action to predict the probability of Paranapanema's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paranapanema's price. Additionally, you may evaluate how the addition of Paranapanema to your portfolios can decrease your overall portfolio volatility.