A1KA34 (Brazil) Market Value
| A1KA34 Stock | BRL 48.65 0.25 0.51% |
| Symbol | A1KA34 |
A1KA34 '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 A1KA34'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 A1KA34.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in A1KA34 on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding A1KA34 or generate 0.0% return on investment in A1KA34 over 720 days. A1KA34 is related to or competes with Adobe, S1NP34, Fortinet, Block, S1YM34, and Okta. Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applicat... More
A1KA34 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 A1KA34'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 A1KA34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.38 | |||
| Information Ratio | 0.041 | |||
| Maximum Drawdown | 15.45 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 3.77 |
A1KA34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for A1KA34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A1KA34's standard deviation. In reality, there are many statistical measures that can use A1KA34 historical prices to predict the future A1KA34's volatility.| Risk Adjusted Performance | 0.0499 | |||
| Jensen Alpha | 0.1107 | |||
| Total Risk Alpha | 0.0531 | |||
| Sortino Ratio | 0.0289 | |||
| Treynor Ratio | 0.2891 |
A1KA34 Backtested Returns
At this point, A1KA34 is very steady. A1KA34 secures Sharpe Ratio (or Efficiency) of 0.0553, which signifies that the company had a 0.0553% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for A1KA34, which you can use to evaluate the volatility of the entity. Please confirm A1KA34's Coefficient Of Variation of 1834.84, mean deviation of 1.12, and Downside Deviation of 3.38 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. A1KA34 has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, A1KA34's returns are expected to increase less than the market. However, during the bear market, the loss of holding A1KA34 is expected to be smaller as well. A1KA34 today shows a risk of 2.42%. Please confirm A1KA34 information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if A1KA34 will be following its price patterns.
Auto-correlation | 0.37 |
Below average predictability
A1KA34 has below average predictability. Overlapping area represents the amount of predictability between A1KA34 time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 A1KA34 price movement. The serial correlation of 0.37 indicates that just about 37.0% of current A1KA34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 11.83 |
A1KA34 lagged returns against current returns
Autocorrelation, which is A1KA34 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 A1KA34's stock expected returns. We can calculate the autocorrelation of A1KA34 returns to help us make a trade decision. For example, suppose you find that A1KA34 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 |
A1KA34 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 A1KA34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A1KA34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A1KA34 stock over time.
Current vs Lagged Prices |
| Timeline |
A1KA34 Lagged Returns
When evaluating A1KA34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A1KA34 stock have on its future price. A1KA34 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, A1KA34 autocorrelation shows the relationship between A1KA34 stock current value and its past values and can show if there is a momentum factor associated with investing in A1KA34.
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 A1KA34 Stock
A1KA34 financial ratios help investors to determine whether A1KA34 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 A1KA34 with respect to the benefits of owning A1KA34 security.