Dimed SA (Brazil) Market Value
| PNVL3 Stock | BRL 8.70 0.02 0.23% |
| Symbol | Dimed |
Dimed SA '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 Dimed SA'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 Dimed SA.
| 11/29/2024 |
| 12/29/2024 |
If you would invest 0.00 in Dimed SA on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dimed SA Distribuidora or generate 0.0% return on investment in Dimed SA over 30 days. Dimed SA is related to or competes with Engie Brasil, WEG SA, Ambev SA, and M Dias. Distribuidora de Medicamentos sells medicines, perfumeries, personal care and beauty products, cosmetics, and dermocosme... More
Dimed SA 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 Dimed SA'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 Dimed SA Distribuidora upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.77 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.42 |
Dimed SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dimed SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dimed SA's standard deviation. In reality, there are many statistical measures that can use Dimed SA historical prices to predict the future Dimed SA's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.7119 |
Dimed SA Distribuidora Backtested Returns
Dimed SA Distribuidora secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Dimed SA Distribuidora exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dimed SA's Mean Deviation of 1.1, variance of 2.08, and Standard Deviation of 1.44 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dimed SA are expected to decrease at a much lower rate. During the bear market, Dimed SA is likely to outperform the market. At this point, Dimed SA Distribuidora has a negative expected return of -0.2%. Please make sure to confirm Dimed SA's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Dimed SA Distribuidora performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Dimed SA Distribuidora has very weak reverse predictability. Overlapping area represents the amount of predictability between Dimed SA time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 Dimed SA Distribuidora price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Dimed SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Dimed SA Distribuidora lagged returns against current returns
Autocorrelation, which is Dimed SA 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 Dimed SA's stock expected returns. We can calculate the autocorrelation of Dimed SA returns to help us make a trade decision. For example, suppose you find that Dimed SA 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 |
Dimed SA 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 Dimed SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dimed SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dimed SA stock over time.
Current vs Lagged Prices |
| Timeline |
Dimed SA Lagged Returns
When evaluating Dimed SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dimed SA stock have on its future price. Dimed SA 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, Dimed SA autocorrelation shows the relationship between Dimed SA stock current value and its past values and can show if there is a momentum factor associated with investing in Dimed SA Distribuidora.
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 Dimed Stock Analysis
When running Dimed SA's price analysis, check to measure Dimed SA'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 Dimed SA is operating at the current time. Most of Dimed SA's value examination focuses on studying past and present price action to predict the probability of Dimed SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dimed SA's price. Additionally, you may evaluate how the addition of Dimed SA to your portfolios can decrease your overall portfolio volatility.