Electro Ao (Brazil) Market Value
| EALT3 Stock | BRL 13.56 0.09 0.66% |
| Symbol | Electro |
Electro Ao '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 Electro Ao'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 Electro Ao.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Electro Ao on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Electro Ao Altona or generate 0.0% return on investment in Electro Ao over 30 days. Electro Ao is related to or competes with Electro Ao, Inepar SA, METISA Metalrgica, Fras Le, and Nordon Indstrias. Electro Ao Altona S.A. engages in the steel casting and machining activities primarily in Brazil More
Electro Ao 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 Electro Ao'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 Electro Ao Altona upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.66 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 2.6 |
Electro Ao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electro Ao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electro Ao's standard deviation. In reality, there are many statistical measures that can use Electro Ao historical prices to predict the future Electro Ao's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.77) |
Electro Ao Altona Backtested Returns
Electro Ao Altona secures Sharpe Ratio (or Efficiency) of -0.0548, which denotes the company had a -0.0548% return per unit of risk over the last 3 months. Electro Ao Altona exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Electro Ao's Standard Deviation of 2.48, variance of 6.16, and Mean Deviation of 1.42 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Electro Ao's returns are expected to increase less than the market. However, during the bear market, the loss of holding Electro Ao is expected to be smaller as well. At this point, Electro Ao Altona has a negative expected return of -0.14%. Please make sure to confirm Electro Ao's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Electro Ao Altona performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Electro Ao Altona has average predictability. Overlapping area represents the amount of predictability between Electro Ao time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Electro Ao Altona price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Electro Ao price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Electro Ao Altona lagged returns against current returns
Autocorrelation, which is Electro Ao 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 Electro Ao's stock expected returns. We can calculate the autocorrelation of Electro Ao returns to help us make a trade decision. For example, suppose you find that Electro Ao 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 |
Electro Ao 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 Electro Ao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electro Ao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electro Ao stock over time.
Current vs Lagged Prices |
| Timeline |
Electro Ao Lagged Returns
When evaluating Electro Ao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electro Ao stock have on its future price. Electro Ao 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, Electro Ao autocorrelation shows the relationship between Electro Ao stock current value and its past values and can show if there is a momentum factor associated with investing in Electro Ao Altona.
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 Electro Stock Analysis
When running Electro Ao's price analysis, check to measure Electro Ao'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 Electro Ao is operating at the current time. Most of Electro Ao's value examination focuses on studying past and present price action to predict the probability of Electro Ao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electro Ao's price. Additionally, you may evaluate how the addition of Electro Ao to your portfolios can decrease your overall portfolio volatility.