Joo Fortes (Brazil) Market Value
| JFEN3 Stock | BRL 3.06 0.19 5.85% |
| Symbol | Joo |
Joo Fortes '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 Joo Fortes' 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 Joo Fortes.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Joo Fortes on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Joo Fortes Engenharia or generate 0.0% return on investment in Joo Fortes over 720 days. Joo Fortes is related to or competes with Rossi Residencial, Tecnisa SA, and Viver Incorporadora. Joo Fortes Engenharia S.A. develops, constructs, and sells real estate properties in Brazil More
Joo Fortes 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 Joo Fortes' 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 Joo Fortes Engenharia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 57.23 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 16.0 |
Joo Fortes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Joo Fortes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Joo Fortes' standard deviation. In reality, there are many statistical measures that can use Joo Fortes historical prices to predict the future Joo Fortes' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | 0.2254 |
Joo Fortes Engenharia Backtested Returns
Joo Fortes Engenharia holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. Joo Fortes Engenharia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Joo Fortes' Market Risk Adjusted Performance of 0.2354, standard deviation of 8.52, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.35, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Joo Fortes are expected to decrease by larger amounts. On the other hand, during market turmoil, Joo Fortes is expected to outperform it. At this point, Joo Fortes Engenharia has a negative expected return of -1.26%. Please make sure to check out Joo Fortes' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Joo Fortes Engenharia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Joo Fortes Engenharia has weak predictability. Overlapping area represents the amount of predictability between Joo Fortes time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Joo Fortes Engenharia price movement. The serial correlation of 0.21 indicates that over 21.0% of current Joo Fortes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 233.66 |
Joo Fortes Engenharia lagged returns against current returns
Autocorrelation, which is Joo Fortes 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 Joo Fortes' stock expected returns. We can calculate the autocorrelation of Joo Fortes returns to help us make a trade decision. For example, suppose you find that Joo Fortes 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 |
Joo Fortes 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 Joo Fortes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Joo Fortes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Joo Fortes stock over time.
Current vs Lagged Prices |
| Timeline |
Joo Fortes Lagged Returns
When evaluating Joo Fortes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Joo Fortes stock have on its future price. Joo Fortes 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, Joo Fortes autocorrelation shows the relationship between Joo Fortes stock current value and its past values and can show if there is a momentum factor associated with investing in Joo Fortes Engenharia.
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 Joo Stock Analysis
When running Joo Fortes' price analysis, check to measure Joo Fortes' 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 Joo Fortes is operating at the current time. Most of Joo Fortes' value examination focuses on studying past and present price action to predict the probability of Joo Fortes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Joo Fortes' price. Additionally, you may evaluate how the addition of Joo Fortes to your portfolios can decrease your overall portfolio volatility.