Positivo Tecnologia (Brazil) Market Value
| POSI3 Stock | BRL 5.22 0.16 3.16% |
| Symbol | Positivo |
Positivo Tecnologia '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 Positivo Tecnologia'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 Positivo Tecnologia.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Positivo Tecnologia on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Positivo Tecnologia SA or generate 0.0% return on investment in Positivo Tecnologia over 180 days. Positivo Tecnologia is related to or competes with Marcopolo, Gafisa SA, Randon SA, TOTVS SA, and Gol Linhas. Positivo Tecnologia S.A., together with its subsidiaries, engages in the development, trading, and industrialization of ... More
Positivo Tecnologia 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 Positivo Tecnologia'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 Positivo Tecnologia SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.15 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 4.41 |
Positivo Tecnologia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Positivo Tecnologia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Positivo Tecnologia's standard deviation. In reality, there are many statistical measures that can use Positivo Tecnologia historical prices to predict the future Positivo Tecnologia's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 4.95 |
Positivo Tecnologia Backtested Returns
Positivo Tecnologia maintains Sharpe Ratio (i.e., Efficiency) of -0.0847, which implies the firm had a -0.0847% return per unit of risk over the last 3 months. Positivo Tecnologia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Positivo Tecnologia's Coefficient Of Variation of (1,018), variance of 9.95, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The company holds a Beta of -0.0646, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Positivo Tecnologia are expected to decrease at a much lower rate. During the bear market, Positivo Tecnologia is likely to outperform the market. At this point, Positivo Tecnologia has a negative expected return of -0.27%. Please make sure to check Positivo Tecnologia's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Positivo Tecnologia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Positivo Tecnologia SA has insignificant predictability. Overlapping area represents the amount of predictability between Positivo Tecnologia time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Positivo Tecnologia price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Positivo Tecnologia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Positivo Tecnologia lagged returns against current returns
Autocorrelation, which is Positivo Tecnologia 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 Positivo Tecnologia's stock expected returns. We can calculate the autocorrelation of Positivo Tecnologia returns to help us make a trade decision. For example, suppose you find that Positivo Tecnologia 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 |
Positivo Tecnologia 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 Positivo Tecnologia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Positivo Tecnologia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Positivo Tecnologia stock over time.
Current vs Lagged Prices |
| Timeline |
Positivo Tecnologia Lagged Returns
When evaluating Positivo Tecnologia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Positivo Tecnologia stock have on its future price. Positivo Tecnologia 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, Positivo Tecnologia autocorrelation shows the relationship between Positivo Tecnologia stock current value and its past values and can show if there is a momentum factor associated with investing in Positivo Tecnologia 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 Positivo Stock Analysis
When running Positivo Tecnologia's price analysis, check to measure Positivo Tecnologia'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 Positivo Tecnologia is operating at the current time. Most of Positivo Tecnologia's value examination focuses on studying past and present price action to predict the probability of Positivo Tecnologia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Positivo Tecnologia's price. Additionally, you may evaluate how the addition of Positivo Tecnologia to your portfolios can decrease your overall portfolio volatility.