Razen SA (Brazil) Market Value
| RAIZ4 Stock | 2.45 0.01 0.41% |
| Symbol | Razen |
Razen 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 Razen 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 Razen SA.
| 01/25/2023 |
| 12/15/2024 |
If you would invest 0.00 in Razen SA on January 25, 2023 and sell it all today you would earn a total of 0.00 from holding Razen SA or generate 0.0% return on investment in Razen SA over 690 days.
Razen 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 Razen 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 Razen SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 12.74 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 3.31 |
Razen SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Razen SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Razen SA's standard deviation. In reality, there are many statistical measures that can use Razen SA historical prices to predict the future Razen SA's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.80) |
Razen SA Backtested Returns
Razen SA maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. Razen SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Razen SA's Variance of 5.72, coefficient of variation of (875.59), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Razen SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Razen SA is expected to be smaller as well. At this point, Razen SA has a negative expected return of -0.34%. Please make sure to check Razen SA's accumulation distribution, day typical price, relative strength index, as well as the relationship between the rate of daily change and price action indicator , to decide if Razen SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Razen SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Razen SA time series from 25th of January 2023 to 5th of January 2024 and 5th of January 2024 to 15th 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 Razen SA price movement. The serial correlation of -0.77 indicates that around 77.0% of current Razen SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Razen SA lagged returns against current returns
Autocorrelation, which is Razen 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 Razen SA's stock expected returns. We can calculate the autocorrelation of Razen SA returns to help us make a trade decision. For example, suppose you find that Razen 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 |
Razen 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 Razen SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Razen SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Razen SA stock over time.
Current vs Lagged Prices |
| Timeline |
Razen SA Lagged Returns
When evaluating Razen SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Razen SA stock have on its future price. Razen 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, Razen SA autocorrelation shows the relationship between Razen SA stock current value and its past values and can show if there is a momentum factor associated with investing in Razen 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 Razen Stock Analysis
When running Razen SA's price analysis, check to measure Razen 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 Razen SA is operating at the current time. Most of Razen SA's value examination focuses on studying past and present price action to predict the probability of Razen 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 Razen SA's price. Additionally, you may evaluate how the addition of Razen SA to your portfolios can decrease your overall portfolio volatility.