Tecnisa SA (Brazil) Market Value
| TCSA3 Stock | BRL 1.36 0.09 6.21% |
| Symbol | Tecnisa |
Tecnisa SA '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 Tecnisa SA'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 Tecnisa SA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tecnisa SA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tecnisa SA or generate 0.0% return on investment in Tecnisa SA over 30 days. Tecnisa SA is related to or competes with Engie Brasil, Fras Le, Energisa, BTG Pactual, Procter Gamble, Companhia Paranaense, and Randon SA. Tecnisa S.A., through its subsidiaries, engages in the development, construction, and sale of residential and commercial... More
Tecnisa SA 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 Tecnisa SA'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 Tecnisa SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 10.14 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.35 |
Tecnisa SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tecnisa SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tecnisa SA's standard deviation. In reality, there are many statistical measures that can use Tecnisa SA historical prices to predict the future Tecnisa SA's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 2.46 |
Tecnisa SA Backtested Returns
Tecnisa SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Tecnisa SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tecnisa SA's Variance of 6.5, risk adjusted performance of (0.15), and Coefficient Of Variation of (489.96) to confirm the risk estimate we provide. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tecnisa SA are expected to decrease at a much lower rate. During the bear market, Tecnisa SA is likely to outperform the market. At this point, Tecnisa SA has a negative expected return of -0.53%. Please make sure to validate Tecnisa SA's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Tecnisa SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Tecnisa SA has virtually no predictability. Overlapping area represents the amount of predictability between Tecnisa SA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Tecnisa SA price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Tecnisa SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tecnisa SA lagged returns against current returns
Autocorrelation, which is Tecnisa SA 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 Tecnisa SA's stock expected returns. We can calculate the autocorrelation of Tecnisa SA returns to help us make a trade decision. For example, suppose you find that Tecnisa SA 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 |
Tecnisa SA 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 Tecnisa SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tecnisa SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tecnisa SA stock over time.
Current vs Lagged Prices |
| Timeline |
Tecnisa SA Lagged Returns
When evaluating Tecnisa SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tecnisa SA stock have on its future price. Tecnisa SA 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, Tecnisa SA autocorrelation shows the relationship between Tecnisa SA stock current value and its past values and can show if there is a momentum factor associated with investing in Tecnisa 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 Tecnisa Stock Analysis
When running Tecnisa SA's price analysis, check to measure Tecnisa SA'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 Tecnisa SA is operating at the current time. Most of Tecnisa SA's value examination focuses on studying past and present price action to predict the probability of Tecnisa SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tecnisa SA's price. Additionally, you may evaluate how the addition of Tecnisa SA to your portfolios can decrease your overall portfolio volatility.