Melnick Even (Brazil) Market Value
| MELK3 Stock | BRL 3.51 0.10 2.93% |
| Symbol | Melnick |
Melnick Even '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 Melnick Even's 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 Melnick Even.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Melnick Even on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Melnick Even Desenvolvimento or generate 0.0% return on investment in Melnick Even over 720 days. Melnick Even is related to or competes with CoStar, Lavvi Empreendimentos, So Carlos, Trisul SA, Joo Fortes. Melnick Even Desenvolvimento Imobilirio S.A More
Melnick Even 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 Melnick Even's 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 Melnick Even Desenvolvimento upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.78 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 3.13 |
Melnick Even Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melnick Even's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melnick Even's standard deviation. In reality, there are many statistical measures that can use Melnick Even historical prices to predict the future Melnick Even's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.2783 |
Melnick Even Desenvo Backtested Returns
Currently, Melnick Even Desenvolvimento is moderately volatile. Melnick Even Desenvo has Sharpe Ratio of 0.0156, which conveys that the firm had a 0.0156% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Melnick Even, which you can use to evaluate the volatility of the firm. Please verify Melnick Even's Risk Adjusted Performance of (0.01), standard deviation of 2.43, and Mean Deviation of 1.89 to check out if the risk estimate we provide is consistent with the expected return of 0.0373%. Melnick Even has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Melnick Even are expected to decrease at a much lower rate. During the bear market, Melnick Even is likely to outperform the market. Melnick Even Desenvo right now secures a risk of 2.39%. Please verify Melnick Even Desenvolvimento total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Melnick Even Desenvolvimento will be following its current price movements.
Auto-correlation | -0.89 |
Excellent reverse predictability
Melnick Even Desenvolvimento has excellent reverse predictability. Overlapping area represents the amount of predictability between Melnick Even time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Melnick Even Desenvo price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Melnick Even price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Melnick Even Desenvo lagged returns against current returns
Autocorrelation, which is Melnick Even 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 Melnick Even's stock expected returns. We can calculate the autocorrelation of Melnick Even returns to help us make a trade decision. For example, suppose you find that Melnick Even 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 |
Melnick Even 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 Melnick Even stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melnick Even stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melnick Even stock over time.
Current vs Lagged Prices |
| Timeline |
Melnick Even Lagged Returns
When evaluating Melnick Even's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melnick Even stock have on its future price. Melnick Even 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, Melnick Even autocorrelation shows the relationship between Melnick Even stock current value and its past values and can show if there is a momentum factor associated with investing in Melnick Even Desenvolvimento.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Melnick Stock Analysis
When running Melnick Even's price analysis, check to measure Melnick Even'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 Melnick Even is operating at the current time. Most of Melnick Even's value examination focuses on studying past and present price action to predict the probability of Melnick Even's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melnick Even's price. Additionally, you may evaluate how the addition of Melnick Even to your portfolios can decrease your overall portfolio volatility.