Centro De (Brazil) Market Value
| AALR3 Stock | BRL 10.13 0.01 0.1% |
| Symbol | Centro |
Centro De '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 Centro De'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 Centro De.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Centro De on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Centro de Imagem or generate 0.0% return on investment in Centro De over 30 days. Centro De is related to or competes with Engie Brasil, WEG SA, Ambev SA, and M Dias. Centro de Imagem Diagnsticos S.A. provides diagnostic medicine services in Brazil More
Centro De 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 Centro De'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 Centro de Imagem upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 18.48 | |||
| Value At Risk | (5.37) | |||
| Potential Upside | 2.7 |
Centro De Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centro De's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centro De's standard deviation. In reality, there are many statistical measures that can use Centro De historical prices to predict the future Centro De's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 4.03 |
Centro de Imagem Backtested Returns
Centro de Imagem secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Centro de Imagem exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centro De's Standard Deviation of 2.91, risk adjusted performance of (0.14), and Mean Deviation of 2.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Centro De are expected to decrease at a much lower rate. During the bear market, Centro De is likely to outperform the market. At this point, Centro de Imagem has a negative expected return of -0.6%. Please make sure to confirm Centro De's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Centro de Imagem performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Centro de Imagem has good predictability. Overlapping area represents the amount of predictability between Centro De time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Centro de Imagem price movement. The serial correlation of 0.79 indicates that around 79.0% of current Centro De price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Centro de Imagem lagged returns against current returns
Autocorrelation, which is Centro De 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 Centro De's stock expected returns. We can calculate the autocorrelation of Centro De returns to help us make a trade decision. For example, suppose you find that Centro De 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 |
Centro De 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 Centro De stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centro De stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centro De stock over time.
Current vs Lagged Prices |
| Timeline |
Centro De Lagged Returns
When evaluating Centro De's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centro De stock have on its future price. Centro De 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, Centro De autocorrelation shows the relationship between Centro De stock current value and its past values and can show if there is a momentum factor associated with investing in Centro de Imagem.
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 Centro Stock Analysis
When running Centro De's price analysis, check to measure Centro De'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 Centro De is operating at the current time. Most of Centro De's value examination focuses on studying past and present price action to predict the probability of Centro De's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centro De's price. Additionally, you may evaluate how the addition of Centro De to your portfolios can decrease your overall portfolio volatility.