Usinas Siderurgicas De Stock Market Value
| USNZY Stock | USD 1.06 0.02 1.85% |
| Symbol | Usinas |
Usinas Siderurgicas '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 Siderurgicas' pink sheet 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 Siderurgicas.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Usinas Siderurgicas on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Usinas Siderurgicas de or generate 0.0% return on investment in Usinas Siderurgicas over 360 days. Usinas Siderurgicas is related to or competes with Olympic Steel, Mesabi Trust, Universal Stainless, Outokumpu Oyj, POSCO Holdings, Gerdau SA, and Ternium SA. Usinas Siderrgicas de Minas Gerais S.A. manufactures and markets flat steel products in Brazil and internationally More
Usinas Siderurgicas 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 Siderurgicas' pink sheet 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 Siderurgicas de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.74 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 25.24 | |||
| Value At Risk | (5.93) | |||
| Potential Upside | 7.14 |
Usinas Siderurgicas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Usinas Siderurgicas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Usinas Siderurgicas' standard deviation. In reality, there are many statistical measures that can use Usinas Siderurgicas historical prices to predict the future Usinas Siderurgicas' volatility.| Risk Adjusted Performance | 0.015 | |||
| Jensen Alpha | 0.1238 | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.04) |
Usinas Siderurgicas Backtested Returns
Usinas Siderurgicas owns Efficiency Ratio (i.e., Sharpe Ratio) of -9.0E-4, which indicates the firm had a -9.0E-4% return per unit of risk over the last 3 months. Usinas Siderurgicas de exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Usinas Siderurgicas' Coefficient Of Variation of 10873.49, risk adjusted performance of 0.015, and Semi Deviation of 4.11 to confirm the risk estimate we provide. The entity has a beta of -0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Usinas Siderurgicas are expected to decrease at a much lower rate. During the bear market, Usinas Siderurgicas is likely to outperform the market. At this point, Usinas Siderurgicas has a negative expected return of -0.004%. Please make sure to validate Usinas Siderurgicas' total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Usinas Siderurgicas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Usinas Siderurgicas de has very weak predictability. Overlapping area represents the amount of predictability between Usinas Siderurgicas time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Siderurgicas price movement. The serial correlation of 0.19 indicates that over 19.0% of current Usinas Siderurgicas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Usinas Siderurgicas lagged returns against current returns
Autocorrelation, which is Usinas Siderurgicas pink sheet'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 Siderurgicas' pink sheet expected returns. We can calculate the autocorrelation of Usinas Siderurgicas returns to help us make a trade decision. For example, suppose you find that Usinas Siderurgicas has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Siderurgicas 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 Siderurgicas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Usinas Siderurgicas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Usinas Siderurgicas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Usinas Siderurgicas Lagged Returns
When evaluating Usinas Siderurgicas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Usinas Siderurgicas pink sheet have on its future price. Usinas Siderurgicas 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 Siderurgicas autocorrelation shows the relationship between Usinas Siderurgicas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Usinas Siderurgicas de.
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.Additional Tools for Usinas Pink Sheet Analysis
When running Usinas Siderurgicas' price analysis, check to measure Usinas Siderurgicas' 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 Siderurgicas is operating at the current time. Most of Usinas Siderurgicas' value examination focuses on studying past and present price action to predict the probability of Usinas Siderurgicas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Usinas Siderurgicas' price. Additionally, you may evaluate how the addition of Usinas Siderurgicas to your portfolios can decrease your overall portfolio volatility.