S1YM34 (Brazil) Market Value
| S1YM34 Stock | BRL 178.93 0.93 0.52% |
| Symbol | S1YM34 |
S1YM34 '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 S1YM34'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 S1YM34.
| 10/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in S1YM34 on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding S1YM34 or generate 0.0% return on investment in S1YM34 over 60 days. S1YM34 is related to or competes with Adobe, Fortinet, Block, A1KA34, Okta, Wix, and PagSeguro Digital. NortonLifeLock Inc. provides cyber safety solutions for consumers worldwide More
S1YM34 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 S1YM34'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 S1YM34 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1317 | |||
| Maximum Drawdown | 28.38 | |||
| Potential Upside | 0.5225 |
S1YM34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for S1YM34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as S1YM34's standard deviation. In reality, there are many statistical measures that can use S1YM34 historical prices to predict the future S1YM34's volatility.| Risk Adjusted Performance | 0.1195 | |||
| Jensen Alpha | 0.4173 | |||
| Total Risk Alpha | 0.3741 | |||
| Treynor Ratio | 0.2006 |
S1YM34 Backtested Returns
S1YM34 appears to be very steady, given 3 months investment horizon. S1YM34 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the company had a 0.14% return per unit of risk over the last 3 months. By analyzing S1YM34's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review S1YM34's standard deviation of 3.39, and Market Risk Adjusted Performance of 0.2106 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, S1YM34 holds a performance score of 11. The firm has a beta of 2.34, which indicates 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, S1YM34 will likely underperform. Please check S1YM34's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to make a quick decision on whether S1YM34's existing price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
S1YM34 has good predictability. Overlapping area represents the amount of predictability between S1YM34 time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 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 S1YM34 price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current S1YM34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
S1YM34 lagged returns against current returns
Autocorrelation, which is S1YM34 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 S1YM34's stock expected returns. We can calculate the autocorrelation of S1YM34 returns to help us make a trade decision. For example, suppose you find that S1YM34 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 |
S1YM34 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 S1YM34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if S1YM34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in S1YM34 stock over time.
Current vs Lagged Prices |
| Timeline |
S1YM34 Lagged Returns
When evaluating S1YM34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of S1YM34 stock have on its future price. S1YM34 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, S1YM34 autocorrelation shows the relationship between S1YM34 stock current value and its past values and can show if there is a momentum factor associated with investing in S1YM34.
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 S1YM34 Stock
S1YM34 financial ratios help investors to determine whether S1YM34 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 S1YM34 with respect to the benefits of owning S1YM34 security.