Bradespar (Brazil) Market Value
| BRAP3 Stock | BRL 16.77 0.16 0.95% |
| Symbol | Bradespar |
Bradespar '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 Bradespar'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 Bradespar.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Bradespar on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Bradespar SA or generate 0.0% return on investment in Bradespar over 540 days. Bradespar is related to or competes with Bradespar, Metalurgica Gerdau, Banco Bradesco, Companhia Paranaense, and Companhia Energtica. Bradespar S.A., through its interest in VALE, operates as a mining company in the production of iron ore, iron ore pelle... More
Bradespar 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 Bradespar'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 Bradespar SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 9.11 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 1.94 |
Bradespar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bradespar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bradespar's standard deviation. In reality, there are many statistical measures that can use Bradespar historical prices to predict the future Bradespar's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 1.8 |
Bradespar SA Backtested Returns
Bradespar SA secures Sharpe Ratio (or Efficiency) of -0.0124, which signifies that the company had a -0.0124% return per unit of standard deviation over the last 3 months. Bradespar SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bradespar's mean deviation of 1.04, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0234, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bradespar are expected to decrease at a much lower rate. During the bear market, Bradespar is likely to outperform the market. At this point, Bradespar SA has a negative expected return of -0.0194%. Please make sure to confirm Bradespar's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Bradespar SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Bradespar SA has modest reverse predictability. Overlapping area represents the amount of predictability between Bradespar time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Bradespar SA price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Bradespar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Bradespar SA lagged returns against current returns
Autocorrelation, which is Bradespar 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 Bradespar's stock expected returns. We can calculate the autocorrelation of Bradespar returns to help us make a trade decision. For example, suppose you find that Bradespar 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 |
Bradespar 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 Bradespar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bradespar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bradespar stock over time.
Current vs Lagged Prices |
| Timeline |
Bradespar Lagged Returns
When evaluating Bradespar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bradespar stock have on its future price. Bradespar 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, Bradespar autocorrelation shows the relationship between Bradespar stock current value and its past values and can show if there is a momentum factor associated with investing in Bradespar 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 Bradespar Stock Analysis
When running Bradespar's price analysis, check to measure Bradespar'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 Bradespar is operating at the current time. Most of Bradespar's value examination focuses on studying past and present price action to predict the probability of Bradespar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bradespar's price. Additionally, you may evaluate how the addition of Bradespar to your portfolios can decrease your overall portfolio volatility.