Eucatex SA (Brazil) Market Value
| EUCA4 Preferred Stock | BRL 13.49 0.05 0.37% |
| Symbol | Eucatex |
Eucatex SA '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 Eucatex SA's preferred 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 Eucatex SA.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Eucatex SA on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Eucatex SA Indstria or generate 0.0% return on investment in Eucatex SA over 720 days. Eucatex SA is related to or competes with Companhia Siderrgica, Banco Bradesco, Vale SA, and Petrleo Brasileiro. Indstria e Comrcio manufactures and markets ceiling and insulating materials in Brazil More
Eucatex SA 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 Eucatex SA's preferred 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 Eucatex SA Indstria upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.88 |
Eucatex SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eucatex SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eucatex SA's standard deviation. In reality, there are many statistical measures that can use Eucatex SA historical prices to predict the future Eucatex SA's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.7937 |
Eucatex SA Indstria Backtested Returns
Eucatex SA Indstria secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of standard deviation over the last 3 months. Eucatex SA Indstria exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eucatex SA's Mean Deviation of 1.28, coefficient of variation of (858.74), and Standard Deviation of 1.75 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eucatex SA are expected to decrease at a much lower rate. During the bear market, Eucatex SA is likely to outperform the market. At this point, Eucatex SA Indstria has a negative expected return of -0.26%. Please make sure to confirm Eucatex SA's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Eucatex SA Indstria performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Eucatex SA Indstria has modest reverse predictability. Overlapping area represents the amount of predictability between Eucatex SA time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Eucatex SA Indstria price movement. The serial correlation of -0.48 indicates that about 48.0% of current Eucatex SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Eucatex SA Indstria lagged returns against current returns
Autocorrelation, which is Eucatex SA preferred 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 Eucatex SA's preferred stock expected returns. We can calculate the autocorrelation of Eucatex SA returns to help us make a trade decision. For example, suppose you find that Eucatex SA has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Eucatex SA 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 Eucatex SA preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eucatex SA preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eucatex SA preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Eucatex SA Lagged Returns
When evaluating Eucatex SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eucatex SA preferred stock have on its future price. Eucatex SA 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, Eucatex SA autocorrelation shows the relationship between Eucatex SA preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Eucatex SA Indstria.
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 Eucatex Preferred Stock Analysis
When running Eucatex SA's price analysis, check to measure Eucatex SA'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 Eucatex SA is operating at the current time. Most of Eucatex SA's value examination focuses on studying past and present price action to predict the probability of Eucatex SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eucatex SA's price. Additionally, you may evaluate how the addition of Eucatex SA to your portfolios can decrease your overall portfolio volatility.