Compania (Argentina) Market Value
| TRAN Stock | ARS 2,240 65.00 2.99% |
| Symbol | Compania |
Compania '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 Compania'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 Compania.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Compania on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Compania de Transporte or generate 0.0% return on investment in Compania over 90 days. Compania is related to or competes with Harmony Gold, Verizon Communications, and Transportadora. Compaa de Transporte de Energa Elctrica en Alta Tensin Transener S.A More
Compania 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 Compania'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 Compania de Transporte upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.35 | |||
| Information Ratio | 0.0414 | |||
| Maximum Drawdown | 28.8 | |||
| Value At Risk | (6.53) | |||
| Potential Upside | 4.77 |
Compania Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compania's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compania's standard deviation. In reality, there are many statistical measures that can use Compania historical prices to predict the future Compania's volatility.| Risk Adjusted Performance | 0.0251 | |||
| Jensen Alpha | 0.2145 | |||
| Total Risk Alpha | 0.6472 | |||
| Sortino Ratio | 0.0432 | |||
| Treynor Ratio | 0.0634 |
Compania de Transporte Backtested Returns
Compania de Transporte secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. Compania de Transporte exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compania's Risk Adjusted Performance of 0.0251, downside deviation of 4.35, and Mean Deviation of 3.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.24, which signifies 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, Compania will likely underperform. At this point, Compania de Transporte has a negative expected return of -0.45%. Please make sure to confirm Compania's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Compania de Transporte performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Compania de Transporte has good predictability. Overlapping area represents the amount of predictability between Compania time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Compania de Transporte price movement. The serial correlation of 0.79 indicates that around 79.0% of current Compania price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 41.3 K |
Compania de Transporte lagged returns against current returns
Autocorrelation, which is Compania 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 Compania's stock expected returns. We can calculate the autocorrelation of Compania returns to help us make a trade decision. For example, suppose you find that Compania 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 |
Compania 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 Compania stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compania stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compania stock over time.
Current vs Lagged Prices |
| Timeline |
Compania Lagged Returns
When evaluating Compania's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compania stock have on its future price. Compania 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, Compania autocorrelation shows the relationship between Compania stock current value and its past values and can show if there is a momentum factor associated with investing in Compania de Transporte.
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 Compania Stock
Compania financial ratios help investors to determine whether Compania 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 Compania with respect to the benefits of owning Compania security.