Hapvida Participaes (Brazil) Market Value
| HAPV3 Stock | BRL 2.67 0.03 1.11% |
| Symbol | Hapvida |
Hapvida Participaes '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 Hapvida Participaes' 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 Hapvida Participaes.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Hapvida Participaes on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Hapvida Participaes e or generate 0.0% return on investment in Hapvida Participaes over 720 days. Hapvida Participaes is related to or competes with M Dias, Porto Seguro, Fleury SA, Grendene, and Hypera SA. Hapvida Participaes e Investimentos S.A., together with its subsidiaries, operates in the health sector in Brazil More
Hapvida Participaes 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 Hapvida Participaes' 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 Hapvida Participaes e upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (5.57) | |||
| Potential Upside | 3.25 |
Hapvida Participaes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hapvida Participaes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hapvida Participaes' standard deviation. In reality, there are many statistical measures that can use Hapvida Participaes historical prices to predict the future Hapvida Participaes' volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | 2.75 |
Hapvida Participaes Backtested Returns
Hapvida Participaes holds Efficiency (Sharpe) Ratio of -0.3, which attests that the entity had a -0.3% return per unit of risk over the last 3 months. Hapvida Participaes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hapvida Participaes' Risk Adjusted Performance of (0.20), market risk adjusted performance of 2.76, and Standard Deviation of 2.54 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hapvida Participaes are expected to decrease at a much lower rate. During the bear market, Hapvida Participaes is likely to outperform the market. At this point, Hapvida Participaes has a negative expected return of -0.77%. Please make sure to check out Hapvida Participaes' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Hapvida Participaes performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Hapvida Participaes e has very weak predictability. Overlapping area represents the amount of predictability between Hapvida Participaes time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Hapvida Participaes price movement. The serial correlation of 0.16 indicates that over 16.0% of current Hapvida Participaes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Hapvida Participaes lagged returns against current returns
Autocorrelation, which is Hapvida Participaes 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 Hapvida Participaes' stock expected returns. We can calculate the autocorrelation of Hapvida Participaes returns to help us make a trade decision. For example, suppose you find that Hapvida Participaes 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 |
Hapvida Participaes 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 Hapvida Participaes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hapvida Participaes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hapvida Participaes stock over time.
Current vs Lagged Prices |
| Timeline |
Hapvida Participaes Lagged Returns
When evaluating Hapvida Participaes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hapvida Participaes stock have on its future price. Hapvida Participaes 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, Hapvida Participaes autocorrelation shows the relationship between Hapvida Participaes stock current value and its past values and can show if there is a momentum factor associated with investing in Hapvida Participaes 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 Hapvida Stock Analysis
When running Hapvida Participaes' price analysis, check to measure Hapvida Participaes' 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 Hapvida Participaes is operating at the current time. Most of Hapvida Participaes' value examination focuses on studying past and present price action to predict the probability of Hapvida Participaes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hapvida Participaes' price. Additionally, you may evaluate how the addition of Hapvida Participaes to your portfolios can decrease your overall portfolio volatility.