EcoRodovias Infraestrutura (Brazil) Market Value
| ECOR3 Stock | BRL 5.50 0.15 2.80% |
| Symbol | EcoRodovias |
EcoRodovias Infraestrutura '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 EcoRodovias Infraestrutura'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 EcoRodovias Infraestrutura.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in EcoRodovias Infraestrutura on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding EcoRodovias Infraestrutura e or generate 0.0% return on investment in EcoRodovias Infraestrutura over 720 days. EcoRodovias Infraestrutura is related to or competes with CCR SA, MRV Engenharia, Rumo SA, Qualicorp Consultoria, and Ultrapar Participaes. EcoRodovias Infraestrutura e Logstica S.A., an infrastructure and integrated logistics company, engages in operating roa... More
EcoRodovias Infraestrutura 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 EcoRodovias Infraestrutura'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 EcoRodovias Infraestrutura e upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 27.09 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 5.2 |
EcoRodovias Infraestrutura Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EcoRodovias Infraestrutura's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EcoRodovias Infraestrutura's standard deviation. In reality, there are many statistical measures that can use EcoRodovias Infraestrutura historical prices to predict the future EcoRodovias Infraestrutura's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | (0.83) |
EcoRodovias Infraestrutura Backtested Returns
EcoRodovias Infraestrutura secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. EcoRodovias Infraestrutura e exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EcoRodovias Infraestrutura's Variance of 13.41, standard deviation of 3.66, and Mean Deviation of 2.42 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, EcoRodovias Infraestrutura's returns are expected to increase less than the market. However, during the bear market, the loss of holding EcoRodovias Infraestrutura is expected to be smaller as well. At this point, EcoRodovias Infraestrutura has a negative expected return of -0.46%. Please make sure to confirm EcoRodovias Infraestrutura's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if EcoRodovias Infraestrutura performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
EcoRodovias Infraestrutura e has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EcoRodovias Infraestrutura time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 EcoRodovias Infraestrutura price movement. The serial correlation of -0.8 indicates that around 80.0% of current EcoRodovias Infraestrutura price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
EcoRodovias Infraestrutura lagged returns against current returns
Autocorrelation, which is EcoRodovias Infraestrutura 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 EcoRodovias Infraestrutura's stock expected returns. We can calculate the autocorrelation of EcoRodovias Infraestrutura returns to help us make a trade decision. For example, suppose you find that EcoRodovias Infraestrutura 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 |
EcoRodovias Infraestrutura 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 EcoRodovias Infraestrutura stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EcoRodovias Infraestrutura stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EcoRodovias Infraestrutura stock over time.
Current vs Lagged Prices |
| Timeline |
EcoRodovias Infraestrutura Lagged Returns
When evaluating EcoRodovias Infraestrutura's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EcoRodovias Infraestrutura stock have on its future price. EcoRodovias Infraestrutura 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, EcoRodovias Infraestrutura autocorrelation shows the relationship between EcoRodovias Infraestrutura stock current value and its past values and can show if there is a momentum factor associated with investing in EcoRodovias Infraestrutura e.
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 EcoRodovias Stock Analysis
When running EcoRodovias Infraestrutura's price analysis, check to measure EcoRodovias Infraestrutura'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 EcoRodovias Infraestrutura is operating at the current time. Most of EcoRodovias Infraestrutura's value examination focuses on studying past and present price action to predict the probability of EcoRodovias Infraestrutura's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EcoRodovias Infraestrutura's price. Additionally, you may evaluate how the addition of EcoRodovias Infraestrutura to your portfolios can decrease your overall portfolio volatility.