S1NP34 (Brazil) Market Value
| S1NP34 Stock | BRL 753.91 6.59 0.87% |
| Symbol | S1NP34 |
S1NP34 '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 S1NP34'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 S1NP34.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in S1NP34 on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding S1NP34 or generate 0.0% return on investment in S1NP34 over 720 days. S1NP34 is related to or competes with Adobe, Fortinet, Block, A1KA34, Okta, Wix, and PagSeguro Digital. Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits More
S1NP34 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 S1NP34'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 S1NP34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.0883 | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.1 |
S1NP34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for S1NP34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as S1NP34's standard deviation. In reality, there are many statistical measures that can use S1NP34 historical prices to predict the future S1NP34's volatility.| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | 0.2641 | |||
| Total Risk Alpha | 0.1852 | |||
| Sortino Ratio | 0.0793 | |||
| Treynor Ratio | (1.83) |
S1NP34 Backtested Returns
At this point, S1NP34 is very steady. S1NP34 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0581, which indicates the company had a 0.0581% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for S1NP34, which you can use to evaluate the volatility of the entity. Please validate S1NP34's Market Risk Adjusted Performance of (1.82), risk adjusted performance of 0.0865, and Downside Deviation of 3.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. S1NP34 has a performance score of 4 on a scale of 0 to 100. The firm has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning S1NP34 are expected to decrease at a much lower rate. During the bear market, S1NP34 is likely to outperform the market. S1NP34 at this time has a risk of 2.78%. Please validate S1NP34 treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if S1NP34 will be following its existing price patterns.
Auto-correlation | 0.52 |
Modest predictability
S1NP34 has modest predictability. Overlapping area represents the amount of predictability between S1NP34 time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 S1NP34 price movement. The serial correlation of 0.52 indicates that about 52.0% of current S1NP34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 3596.19 |
S1NP34 lagged returns against current returns
Autocorrelation, which is S1NP34 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 S1NP34's stock expected returns. We can calculate the autocorrelation of S1NP34 returns to help us make a trade decision. For example, suppose you find that S1NP34 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 |
S1NP34 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 S1NP34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if S1NP34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in S1NP34 stock over time.
Current vs Lagged Prices |
| Timeline |
S1NP34 Lagged Returns
When evaluating S1NP34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of S1NP34 stock have on its future price. S1NP34 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, S1NP34 autocorrelation shows the relationship between S1NP34 stock current value and its past values and can show if there is a momentum factor associated with investing in S1NP34.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in S1NP34 Stock
S1NP34 financial ratios help investors to determine whether S1NP34 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 S1NP34 with respect to the benefits of owning S1NP34 security.