Benfica (Portugal) Market Value
| SLBEN Stock | EUR 3.27 0.02 0.62% |
| Symbol | Benfica |
Benfica '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 Benfica'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 Benfica.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Benfica on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Benfica or generate 0.0% return on investment in Benfica over 30 days. Benfica is related to or competes with Sonae SGPS, Navigator, Galp Energia, REN Redes, and Altri SGPS. More
Benfica 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 Benfica'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 Benfica upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.89 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 5.31 |
Benfica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Benfica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Benfica's standard deviation. In reality, there are many statistical measures that can use Benfica historical prices to predict the future Benfica's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | 0.0515 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.304 |
Benfica Backtested Returns
As of now, Benfica Stock is unstable. Benfica secures Sharpe Ratio (or Efficiency) of 9.0E-4, which signifies that the company had a 9.0E-4% return per unit of risk over the last 3 months. We have found thirty technical indicators for Benfica, which you can use to evaluate the volatility of the firm. Please confirm Benfica's Risk Adjusted Performance of 0.0264, downside deviation of 3.03, and Mean Deviation of 2.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.0027%. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Benfica's returns are expected to increase less than the market. However, during the bear market, the loss of holding Benfica is expected to be smaller as well. Benfica right now shows a risk of 3.16%. Please confirm Benfica maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Benfica will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Benfica has very good reverse predictability. Overlapping area represents the amount of predictability between Benfica time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Benfica price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Benfica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Benfica lagged returns against current returns
Autocorrelation, which is Benfica 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 Benfica's stock expected returns. We can calculate the autocorrelation of Benfica returns to help us make a trade decision. For example, suppose you find that Benfica 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 |
Benfica 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 Benfica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Benfica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Benfica stock over time.
Current vs Lagged Prices |
| Timeline |
Benfica Lagged Returns
When evaluating Benfica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Benfica stock have on its future price. Benfica 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, Benfica autocorrelation shows the relationship between Benfica stock current value and its past values and can show if there is a momentum factor associated with investing in Benfica.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Benfica Stock
Benfica financial ratios help investors to determine whether Benfica 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 Benfica with respect to the benefits of owning Benfica security.