Pettenati (Brazil) Market Value
| PTNT4 Preferred Stock | BRL 6.33 0.07 1.09% |
| Symbol | Pettenati |
Pettenati '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 Pettenati'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 Pettenati.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pettenati on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Pettenati SA Industria or generate 0.0% return on investment in Pettenati over 30 days. Pettenati is related to or competes with Schulz SA, Springs Global, Grazziotin, Companhia, and Marcopolo. Industria Txtil manufactures and sells textile products for men, women, children, and babies in Brazil and international... More
Pettenati 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 Pettenati'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 Pettenati SA Industria upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 5.22 |
Pettenati Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pettenati's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pettenati's standard deviation. In reality, there are many statistical measures that can use Pettenati historical prices to predict the future Pettenati's volatility.| Risk Adjusted Performance | 0.0241 | |||
| Jensen Alpha | 0.1097 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.07) |
Pettenati SA Industria Backtested Returns
Pettenati SA Industria maintains Sharpe Ratio (i.e., Efficiency) of -0.0615, which implies the firm had a -0.0615% return per unit of risk over the last 3 months. Pettenati SA Industria exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pettenati's Semi Deviation of 1.84, coefficient of variation of 4400.48, and Risk Adjusted Performance of 0.0241 to confirm the risk estimate we provide. The company holds a Beta of -0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pettenati are expected to decrease at a much lower rate. During the bear market, Pettenati is likely to outperform the market. At this point, Pettenati SA Industria has a negative expected return of -0.13%. Please make sure to check Pettenati's semi variance, accumulation distribution, and the relationship between the potential upside and skewness , to decide if Pettenati SA Industria performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Pettenati SA Industria has good reverse predictability. Overlapping area represents the amount of predictability between Pettenati 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 Pettenati SA Industria price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Pettenati price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pettenati SA Industria lagged returns against current returns
Autocorrelation, which is Pettenati 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 Pettenati's preferred stock expected returns. We can calculate the autocorrelation of Pettenati returns to help us make a trade decision. For example, suppose you find that Pettenati 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 |
Pettenati 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 Pettenati preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pettenati preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pettenati preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Pettenati Lagged Returns
When evaluating Pettenati's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pettenati preferred stock have on its future price. Pettenati 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, Pettenati autocorrelation shows the relationship between Pettenati preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Pettenati SA Industria.
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 Pettenati Preferred Stock Analysis
When running Pettenati's price analysis, check to measure Pettenati'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 Pettenati is operating at the current time. Most of Pettenati's value examination focuses on studying past and present price action to predict the probability of Pettenati's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pettenati's price. Additionally, you may evaluate how the addition of Pettenati to your portfolios can decrease your overall portfolio volatility.