Vulcabras Azaleia (Brazil) Market Value
| VULC3 Stock | BRL 16.35 0.27 1.68% |
| Symbol | Vulcabras |
Vulcabras Azaleia '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 Vulcabras Azaleia'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 Vulcabras Azaleia.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Vulcabras Azaleia on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Vulcabras Azaleia SA or generate 0.0% return on investment in Vulcabras Azaleia over 180 days. Vulcabras Azaleia is related to or competes with Tupy SA, Engie Brasil, Grendene, and M Dias. Vulcabras Azaleia S.A. operates as a footwear company in Brazil More
Vulcabras Azaleia 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 Vulcabras Azaleia'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 Vulcabras Azaleia SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.42 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.37 |
Vulcabras Azaleia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vulcabras Azaleia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vulcabras Azaleia's standard deviation. In reality, there are many statistical measures that can use Vulcabras Azaleia historical prices to predict the future Vulcabras Azaleia's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (9.24) |
Vulcabras Azaleia Backtested Returns
Vulcabras Azaleia owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0713, which indicates the firm had a -0.0713% return per unit of risk over the last 3 months. Vulcabras Azaleia SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vulcabras Azaleia's Risk Adjusted Performance of (0.03), coefficient of variation of (2,016), and Variance of 2.89 to confirm the risk estimate we provide. The entity has a beta of 0.0102, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vulcabras Azaleia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vulcabras Azaleia is expected to be smaller as well. At this point, Vulcabras Azaleia has a negative expected return of -0.12%. Please make sure to validate Vulcabras Azaleia's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Vulcabras Azaleia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Vulcabras Azaleia SA has good reverse predictability. Overlapping area represents the amount of predictability between Vulcabras Azaleia time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Vulcabras Azaleia price movement. The serial correlation of -0.55 indicates that about 55.0% of current Vulcabras Azaleia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Vulcabras Azaleia lagged returns against current returns
Autocorrelation, which is Vulcabras Azaleia 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 Vulcabras Azaleia's stock expected returns. We can calculate the autocorrelation of Vulcabras Azaleia returns to help us make a trade decision. For example, suppose you find that Vulcabras Azaleia 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 |
Vulcabras Azaleia 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 Vulcabras Azaleia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vulcabras Azaleia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vulcabras Azaleia stock over time.
Current vs Lagged Prices |
| Timeline |
Vulcabras Azaleia Lagged Returns
When evaluating Vulcabras Azaleia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vulcabras Azaleia stock have on its future price. Vulcabras Azaleia 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, Vulcabras Azaleia autocorrelation shows the relationship between Vulcabras Azaleia stock current value and its past values and can show if there is a momentum factor associated with investing in Vulcabras Azaleia 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 Vulcabras Stock Analysis
When running Vulcabras Azaleia's price analysis, check to measure Vulcabras Azaleia'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 Vulcabras Azaleia is operating at the current time. Most of Vulcabras Azaleia's value examination focuses on studying past and present price action to predict the probability of Vulcabras Azaleia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vulcabras Azaleia's price. Additionally, you may evaluate how the addition of Vulcabras Azaleia to your portfolios can decrease your overall portfolio volatility.