Movida Participaes (Brazil) Market Value
| MOVI3 Stock | BRL 5.25 0.20 3.67% |
| Symbol | Movida |
Movida 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 Movida 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 Movida Participaes.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Movida Participaes on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Movida Participaes SA or generate 0.0% return on investment in Movida Participaes over 210 days. Movida Participaes is related to or competes with Petro Rio, Localiza Rent, Banco BTG, and CVC Brasil. Movida Participaes S.A., through its subsidiaries, provides car rental services in Brazil More
Movida 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 Movida 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 Movida Participaes SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 26.87 | |||
| Value At Risk | (6.13) | |||
| Potential Upside | 4.8 |
Movida Participaes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Movida Participaes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Movida Participaes' standard deviation. In reality, there are many statistical measures that can use Movida Participaes historical prices to predict the future Movida Participaes' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.10) | |||
| Treynor Ratio | (1.55) |
Movida Participaes Backtested Returns
Movida Participaes has Sharpe Ratio of -0.0897, which conveys that the firm had a -0.0897% return per unit of risk over the last 3 months. Movida Participaes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Movida Participaes' Mean Deviation of 2.75, standard deviation of 3.91, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Movida Participaes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Movida Participaes is expected to be smaller as well. At this point, Movida Participaes has a negative expected return of -0.35%. Please make sure to verify Movida Participaes' potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Movida Participaes performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Movida Participaes SA has below average predictability. Overlapping area represents the amount of predictability between Movida Participaes time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Movida Participaes price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Movida Participaes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Movida Participaes lagged returns against current returns
Autocorrelation, which is Movida 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 Movida Participaes' stock expected returns. We can calculate the autocorrelation of Movida Participaes returns to help us make a trade decision. For example, suppose you find that Movida 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 |
Movida 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 Movida Participaes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Movida Participaes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Movida Participaes stock over time.
Current vs Lagged Prices |
| Timeline |
Movida Participaes Lagged Returns
When evaluating Movida Participaes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Movida Participaes stock have on its future price. Movida 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, Movida Participaes autocorrelation shows the relationship between Movida Participaes stock current value and its past values and can show if there is a momentum factor associated with investing in Movida Participaes 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 Movida Stock Analysis
When running Movida Participaes' price analysis, check to measure Movida 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 Movida Participaes is operating at the current time. Most of Movida Participaes' value examination focuses on studying past and present price action to predict the probability of Movida Participaes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Movida Participaes' price. Additionally, you may evaluate how the addition of Movida Participaes to your portfolios can decrease your overall portfolio volatility.