Iochpe Maxion (Brazil) Market Value
| MYPK3 Stock | BRL 11.40 0.31 2.65% |
| Symbol | Iochpe |
Iochpe Maxion '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 Iochpe Maxion'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 Iochpe Maxion.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Iochpe Maxion on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Iochpe Maxion SA or generate 0.0% return on investment in Iochpe Maxion over 540 days. Iochpe Maxion is related to or competes with METISA Metalrgica, Lupatech, Fras Le, Energisa, BTG Pactual, Procter Gamble, and Companhia Paranaense. Iochpe-Maxion S.A. produces and sells automotive wheels and structural components for light and commercial vehicles in N... More
Iochpe Maxion 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 Iochpe Maxion'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 Iochpe Maxion SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.6 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 4.68 |
Iochpe Maxion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iochpe Maxion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iochpe Maxion's standard deviation. In reality, there are many statistical measures that can use Iochpe Maxion historical prices to predict the future Iochpe Maxion's volatility.| Risk Adjusted Performance | 0.0305 | |||
| Jensen Alpha | 0.0412 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3518 |
Iochpe Maxion SA Backtested Returns
Currently, Iochpe Maxion SA is not too volatile. Iochpe Maxion SA holds Efficiency (Sharpe) Ratio of 0.0305, which attests that the entity had a 0.0305% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Iochpe Maxion SA, which you can use to evaluate the volatility of the firm. Please check out Iochpe Maxion's Downside Deviation of 1.88, market risk adjusted performance of 0.3618, and Risk Adjusted Performance of 0.0305 to validate if the risk estimate we provide is consistent with the expected return of 0.0702%. Iochpe Maxion has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Iochpe Maxion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Iochpe Maxion is expected to be smaller as well. Iochpe Maxion SA right now retains a risk of 2.3%. Please check out Iochpe Maxion coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Iochpe Maxion will be following its current trending patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Iochpe Maxion SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Iochpe Maxion time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Iochpe Maxion SA price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Iochpe Maxion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Iochpe Maxion SA lagged returns against current returns
Autocorrelation, which is Iochpe Maxion 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 Iochpe Maxion's stock expected returns. We can calculate the autocorrelation of Iochpe Maxion returns to help us make a trade decision. For example, suppose you find that Iochpe Maxion 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 |
Iochpe Maxion 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 Iochpe Maxion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iochpe Maxion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iochpe Maxion stock over time.
Current vs Lagged Prices |
| Timeline |
Iochpe Maxion Lagged Returns
When evaluating Iochpe Maxion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iochpe Maxion stock have on its future price. Iochpe Maxion 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, Iochpe Maxion autocorrelation shows the relationship between Iochpe Maxion stock current value and its past values and can show if there is a momentum factor associated with investing in Iochpe Maxion 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 Iochpe Stock Analysis
When running Iochpe Maxion's price analysis, check to measure Iochpe Maxion'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 Iochpe Maxion is operating at the current time. Most of Iochpe Maxion's value examination focuses on studying past and present price action to predict the probability of Iochpe Maxion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iochpe Maxion's price. Additionally, you may evaluate how the addition of Iochpe Maxion to your portfolios can decrease your overall portfolio volatility.