AFP Provida (Chile) Market Value
| PROVIDA Stock | CLP 3,977 154.80 4.05% |
| Symbol | AFP |
AFP Provida '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 Provida'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 Provida.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in AFP Provida on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding AFP Provida or generate 0.0% return on investment in AFP Provida over 90 days. AFP Provida is related to or competes with Administradora Americana, Antar Chile, BICECORP, Banco Santander, Coca Cola, Embotelladora Andina, and Empresas Lipigas. Administradora de Fondos de Pensiones Provida SA operates as an investment arm of MetLife, Inc More
AFP Provida 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 Provida'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 Provida upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.3109 | |||
| Maximum Drawdown | 18.04 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 4.24 |
AFP Provida Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AFP Provida's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AFP Provida's standard deviation. In reality, there are many statistical measures that can use AFP Provida historical prices to predict the future AFP Provida's volatility.| Risk Adjusted Performance | 0.2374 | |||
| Jensen Alpha | 0.5605 | |||
| Total Risk Alpha | 0.847 | |||
| Sortino Ratio | 0.2163 | |||
| Treynor Ratio | (5.21) |
AFP Provida Backtested Returns
AFP Provida appears to be very steady, given 3 months investment horizon. AFP Provida secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27 % return per unit of risk over the last 3 months. By examining AFP Provida's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of AFP Provida's risk adjusted performance of 0.2374, and Mean Deviation of 1.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AFP Provida holds a performance score of 21. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AFP Provida are expected to decrease at a much lower rate. During the bear market, AFP Provida is likely to outperform the market. Please check AFP Provida's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether AFP Provida's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
AFP Provida has good predictability. Overlapping area represents the amount of predictability between AFP Provida time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 AFP Provida price movement. The serial correlation of 0.67 indicates that around 67.0% of current AFP Provida price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 50.9 K |
AFP Provida lagged returns against current returns
Autocorrelation, which is AFP Provida 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 Provida's stock expected returns. We can calculate the autocorrelation of AFP Provida returns to help us make a trade decision. For example, suppose you find that AFP Provida 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 Provida 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 Provida stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AFP Provida stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AFP Provida stock over time.
Current vs Lagged Prices |
| Timeline |
AFP Provida Lagged Returns
When evaluating AFP Provida's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AFP Provida stock have on its future price. AFP Provida 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 Provida autocorrelation shows the relationship between AFP Provida stock current value and its past values and can show if there is a momentum factor associated with investing in AFP Provida.
Regressed Prices |
| Timeline |
Pair Trading with AFP Provida
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 Provida 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 Provida will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AFP Provida 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 Provida 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 Provida - 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 Provida to buy it.
The correlation of AFP Provida 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 Provida moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AFP Provida 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 Provida 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.Other Information on Investing in AFP Stock
AFP Provida financial ratios help investors to determine whether AFP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AFP with respect to the benefits of owning AFP Provida security.