Metalfrio Solutions (Brazil) Market Value
| FRIO3 Stock | BRL 177.99 9.99 5.95% |
| Symbol | Metalfrio |
Metalfrio Solutions '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 Metalfrio Solutions' 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 Metalfrio Solutions.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Metalfrio Solutions on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Metalfrio Solutions SA or generate 0.0% return on investment in Metalfrio Solutions over 720 days. Metalfrio Solutions is related to or competes with APA, Transocean, Palantir Technologies, HALI34, Norwegian Cruise, Royal Caribbean, and Devon Energy. Metalfrio Solutions S.A. manufactures, imports, exports, and sells domestic and commercial refrigerators and freezers in... More
Metalfrio Solutions 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 Metalfrio Solutions' 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 Metalfrio Solutions SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.07 | |||
| Information Ratio | 0.1282 | |||
| Maximum Drawdown | 51.47 | |||
| Value At Risk | (10.31) | |||
| Potential Upside | 20.0 |
Metalfrio Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metalfrio Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metalfrio Solutions' standard deviation. In reality, there are many statistical measures that can use Metalfrio Solutions historical prices to predict the future Metalfrio Solutions' volatility.| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | 1.09 | |||
| Total Risk Alpha | 0.8494 | |||
| Sortino Ratio | 0.1312 | |||
| Treynor Ratio | (1.95) |
Metalfrio Solutions Backtested Returns
Metalfrio Solutions appears to be very steady, given 3 months investment horizon. Metalfrio Solutions has Sharpe Ratio of 0.0688, which conveys that the firm had a 0.0688% return per unit of risk over the last 3 months. By analyzing Metalfrio Solutions' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise Metalfrio Solutions' Mean Deviation of 5.39, risk adjusted performance of 0.1137, and Downside Deviation of 8.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Metalfrio Solutions holds a performance score of 5. The company secures a Beta (Market Risk) of -0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Metalfrio Solutions are expected to decrease at a much lower rate. During the bear market, Metalfrio Solutions is likely to outperform the market. Please check Metalfrio Solutions' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Metalfrio Solutions' current price movements will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Metalfrio Solutions SA has good reverse predictability. Overlapping area represents the amount of predictability between Metalfrio Solutions time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Metalfrio Solutions price movement. The serial correlation of -0.51 indicates that about 51.0% of current Metalfrio Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 6148.63 |
Metalfrio Solutions lagged returns against current returns
Autocorrelation, which is Metalfrio Solutions 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 Metalfrio Solutions' stock expected returns. We can calculate the autocorrelation of Metalfrio Solutions returns to help us make a trade decision. For example, suppose you find that Metalfrio Solutions 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 |
Metalfrio Solutions 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 Metalfrio Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metalfrio Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metalfrio Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Metalfrio Solutions Lagged Returns
When evaluating Metalfrio Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metalfrio Solutions stock have on its future price. Metalfrio Solutions 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, Metalfrio Solutions autocorrelation shows the relationship between Metalfrio Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Metalfrio Solutions 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 Metalfrio Stock Analysis
When running Metalfrio Solutions' price analysis, check to measure Metalfrio Solutions' 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 Metalfrio Solutions is operating at the current time. Most of Metalfrio Solutions' value examination focuses on studying past and present price action to predict the probability of Metalfrio Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalfrio Solutions' price. Additionally, you may evaluate how the addition of Metalfrio Solutions to your portfolios can decrease your overall portfolio volatility.