EZTEC Empreendimentos (Brazil) Market Value
| EZTC3 Stock | BRL 12.51 0.29 2.37% |
| Symbol | EZTEC |
EZTEC Empreendimentos '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 EZTEC Empreendimentos' 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 EZTEC Empreendimentos.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in EZTEC Empreendimentos on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding EZTEC Empreendimentos e or generate 0.0% return on investment in EZTEC Empreendimentos over 360 days. EZTEC Empreendimentos is related to or competes with MRV Engenharia, Cyrela Brazil, Grendene, Fleury SA, and Lojas Renner. EZTEC Empreendimentos e Participaes S.A. operates in the civil construction market primarily in the So Paulo Metropolita... More
EZTEC Empreendimentos 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 EZTEC Empreendimentos' 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 EZTEC Empreendimentos e upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.38 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 3.97 |
EZTEC Empreendimentos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EZTEC Empreendimentos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EZTEC Empreendimentos' standard deviation. In reality, there are many statistical measures that can use EZTEC Empreendimentos historical prices to predict the future EZTEC Empreendimentos' volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.04) |
EZTEC Empreendimentos Backtested Returns
EZTEC Empreendimentos secures Sharpe Ratio (or Efficiency) of -0.0559, which denotes the company had a -0.0559% return per unit of volatility over the last 3 months. EZTEC Empreendimentos e exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EZTEC Empreendimentos' Market Risk Adjusted Performance of (0.03), mean deviation of 1.87, and Standard Deviation of 2.63 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which means possible diversification benefits within a given portfolio. As returns on the market increase, EZTEC Empreendimentos' returns are expected to increase less than the market. However, during the bear market, the loss of holding EZTEC Empreendimentos is expected to be smaller as well. At this point, EZTEC Empreendimentos has a negative expected return of -0.14%. Please make sure to confirm EZTEC Empreendimentos' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if EZTEC Empreendimentos performance from the past will be repeated at some future point.
Auto-correlation | -0.26 |
Weak reverse predictability
EZTEC Empreendimentos e has weak reverse predictability. Overlapping area represents the amount of predictability between EZTEC Empreendimentos time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 EZTEC Empreendimentos price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current EZTEC Empreendimentos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
EZTEC Empreendimentos lagged returns against current returns
Autocorrelation, which is EZTEC Empreendimentos 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 EZTEC Empreendimentos' stock expected returns. We can calculate the autocorrelation of EZTEC Empreendimentos returns to help us make a trade decision. For example, suppose you find that EZTEC Empreendimentos 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 |
EZTEC Empreendimentos 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 EZTEC Empreendimentos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EZTEC Empreendimentos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EZTEC Empreendimentos stock over time.
Current vs Lagged Prices |
| Timeline |
EZTEC Empreendimentos Lagged Returns
When evaluating EZTEC Empreendimentos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EZTEC Empreendimentos stock have on its future price. EZTEC Empreendimentos 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, EZTEC Empreendimentos autocorrelation shows the relationship between EZTEC Empreendimentos stock current value and its past values and can show if there is a momentum factor associated with investing in EZTEC Empreendimentos 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 EZTEC Stock Analysis
When running EZTEC Empreendimentos' price analysis, check to measure EZTEC Empreendimentos' 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 EZTEC Empreendimentos is operating at the current time. Most of EZTEC Empreendimentos' value examination focuses on studying past and present price action to predict the probability of EZTEC Empreendimentos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EZTEC Empreendimentos' price. Additionally, you may evaluate how the addition of EZTEC Empreendimentos to your portfolios can decrease your overall portfolio volatility.