Mercantil (Brazil) Market Value
| MERC4 Preferred Stock | BRL 9.00 0.10 1.12% |
| Symbol | Mercantil |
Mercantil '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 Mercantil's preferred 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 Mercantil.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Mercantil on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mercantil do Brasil or generate 0.0% return on investment in Mercantil over 30 days. Mercantil is related to or competes with Banco Mercantil, Banco Alfa, Pettenati, METISA Metalrgica, and Financeira Alfa. Mercantil do Brasil Financeira S.A. provides retail banking products and services to individuals and legal entities in B... More
Mercantil 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 Mercantil's preferred 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 Mercantil do Brasil upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 29.79 | |||
| Potential Upside | 1.12 |
Mercantil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercantil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercantil's standard deviation. In reality, there are many statistical measures that can use Mercantil historical prices to predict the future Mercantil's volatility.| Risk Adjusted Performance | 0.0042 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.04) |
Mercantil do Brasil Backtested Returns
Mercantil do Brasil has Sharpe Ratio of -0.0046, which conveys that the firm had a -0.0046% return per unit of risk over the last 3 months. Mercantil exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercantil's Standard Deviation of 3.22, risk adjusted performance of 0.0042, and Mean Deviation of 0.8028 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mercantil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mercantil is expected to be smaller as well. At this point, Mercantil do Brasil has a negative expected return of -0.0154%. Please make sure to verify Mercantil's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if Mercantil do Brasil performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Mercantil do Brasil has no correlation between past and present. Overlapping area represents the amount of predictability between Mercantil time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Mercantil do Brasil price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mercantil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Mercantil do Brasil lagged returns against current returns
Autocorrelation, which is Mercantil preferred 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 Mercantil's preferred stock expected returns. We can calculate the autocorrelation of Mercantil returns to help us make a trade decision. For example, suppose you find that Mercantil has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Mercantil 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 Mercantil preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercantil preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercantil preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Mercantil Lagged Returns
When evaluating Mercantil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercantil preferred stock have on its future price. Mercantil 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, Mercantil autocorrelation shows the relationship between Mercantil preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Mercantil do Brasil.
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 Mercantil Preferred Stock Analysis
When running Mercantil's price analysis, check to measure Mercantil'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 Mercantil is operating at the current time. Most of Mercantil's value examination focuses on studying past and present price action to predict the probability of Mercantil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercantil's price. Additionally, you may evaluate how the addition of Mercantil to your portfolios can decrease your overall portfolio volatility.