Usinas Siderrgicas (Brazil) Market Value
| USIM3 Stock | BRL 6.04 0.08 1.34% |
| Symbol | Usinas |
Usinas Siderrgicas '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 Usinas Siderrgicas' 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 Usinas Siderrgicas.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Usinas Siderrgicas on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Usinas Siderrgicas de or generate 0.0% return on investment in Usinas Siderrgicas over 90 days. Usinas Siderrgicas is related to or competes with Usinas Siderrgicas, Companhia Siderrgica, Gerdau SA, Gerdau SA, and Metalurgica Gerdau. Usinas Siderrgicas de Minas Gerais S.A. manufactures and markets flat steel products in Brazil and internationally More
Usinas Siderrgicas 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 Usinas Siderrgicas' 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 Usinas Siderrgicas de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.77 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.98 |
Usinas Siderrgicas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Usinas Siderrgicas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Usinas Siderrgicas' standard deviation. In reality, there are many statistical measures that can use Usinas Siderrgicas historical prices to predict the future Usinas Siderrgicas' volatility.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.0388 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2963 |
Usinas Siderrgicas Backtested Returns
Currently, Usinas Siderrgicas de is slightly risky. Usinas Siderrgicas owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0272, which indicates the firm had a 0.0272% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Usinas Siderrgicas de, which you can use to evaluate the volatility of the company. Please validate Usinas Siderrgicas' Risk Adjusted Performance of 0.0285, coefficient of variation of 3371.17, and Semi Deviation of 2.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.0681%. Usinas Siderrgicas has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Usinas Siderrgicas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Usinas Siderrgicas is expected to be smaller as well. Usinas Siderrgicas right now has a risk of 2.5%. Please validate Usinas Siderrgicas total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Usinas Siderrgicas will be following its existing price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Usinas Siderrgicas de has modest reverse predictability. Overlapping area represents the amount of predictability between Usinas Siderrgicas time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Usinas Siderrgicas price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Usinas Siderrgicas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Usinas Siderrgicas lagged returns against current returns
Autocorrelation, which is Usinas Siderrgicas 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 Usinas Siderrgicas' stock expected returns. We can calculate the autocorrelation of Usinas Siderrgicas returns to help us make a trade decision. For example, suppose you find that Usinas Siderrgicas 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 |
Usinas Siderrgicas 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 Usinas Siderrgicas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Usinas Siderrgicas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Usinas Siderrgicas stock over time.
Current vs Lagged Prices |
| Timeline |
Usinas Siderrgicas Lagged Returns
When evaluating Usinas Siderrgicas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Usinas Siderrgicas stock have on its future price. Usinas Siderrgicas 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, Usinas Siderrgicas autocorrelation shows the relationship between Usinas Siderrgicas stock current value and its past values and can show if there is a momentum factor associated with investing in Usinas Siderrgicas de.
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 Usinas Stock Analysis
When running Usinas Siderrgicas' price analysis, check to measure Usinas Siderrgicas' 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 Usinas Siderrgicas is operating at the current time. Most of Usinas Siderrgicas' value examination focuses on studying past and present price action to predict the probability of Usinas Siderrgicas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Usinas Siderrgicas' price. Additionally, you may evaluate how the addition of Usinas Siderrgicas to your portfolios can decrease your overall portfolio volatility.