Tupy SA (Brazil) Market Value
| TUPY3 Stock | BRL 20.68 0.79 3.68% |
| Symbol | Tupy |
Tupy 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 Tupy 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 Tupy SA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Tupy SA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Tupy SA or generate 0.0% return on investment in Tupy SA over 360 days. Tupy SA is related to or competes with MAHLE Metal, Iochpe Maxion, Banco ABC, and Cia De. Tupy S.A., together with its subsidiaries, manufactures and sells iron casting products in Brazil, the Americas, Europe,... More
Tupy 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 Tupy 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 Tupy SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 9.33 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 1.43 |
Tupy SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tupy SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tupy SA's standard deviation. In reality, there are many statistical measures that can use Tupy SA historical prices to predict the future Tupy SA's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (2.64) |
Tupy SA Backtested Returns
Tupy SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.3, which indicates the firm had a -0.3% return per unit of risk over the last 3 months. Tupy SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tupy SA's Coefficient Of Variation of (346.99), risk adjusted performance of (0.22), and Variance of 2.15 to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tupy SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tupy SA is expected to be smaller as well. At this point, Tupy SA has a negative expected return of -0.44%. Please make sure to validate Tupy SA's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if Tupy SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Tupy SA has average predictability. Overlapping area represents the amount of predictability between Tupy SA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Tupy SA price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Tupy SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 3.24 |
Tupy SA lagged returns against current returns
Autocorrelation, which is Tupy 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 Tupy SA's stock expected returns. We can calculate the autocorrelation of Tupy SA returns to help us make a trade decision. For example, suppose you find that Tupy 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 |
Tupy 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 Tupy SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tupy SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tupy SA stock over time.
Current vs Lagged Prices |
| Timeline |
Tupy SA Lagged Returns
When evaluating Tupy SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tupy SA stock have on its future price. Tupy 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, Tupy SA autocorrelation shows the relationship between Tupy SA stock current value and its past values and can show if there is a momentum factor associated with investing in Tupy 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 Tupy Stock Analysis
When running Tupy SA's price analysis, check to measure Tupy 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 Tupy SA is operating at the current time. Most of Tupy SA's value examination focuses on studying past and present price action to predict the probability of Tupy 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 Tupy SA's price. Additionally, you may evaluate how the addition of Tupy SA to your portfolios can decrease your overall portfolio volatility.