Metalrgica Riosulense (Brazil) Market Value
| RSUL4 Preferred Stock | BRL 57.00 2.99 4.98% |
| Symbol | Metalrgica |
Metalrgica Riosulense '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 Metalrgica Riosulense'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 Metalrgica Riosulense.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Metalrgica Riosulense on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Metalrgica Riosulense SA or generate 0.0% return on investment in Metalrgica Riosulense over 180 days. Metalrgica Riosulense is related to or competes with Recrusul, Randon SA, and Electro Ao. Metalrgica Riosulense S.A. engages in the manufacture and sale of high-precision parts and accessories for automotive an... More
Metalrgica Riosulense 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 Metalrgica Riosulense'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 Metalrgica Riosulense SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 1.96 |
Metalrgica Riosulense Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metalrgica Riosulense's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metalrgica Riosulense's standard deviation. In reality, there are many statistical measures that can use Metalrgica Riosulense historical prices to predict the future Metalrgica Riosulense's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.30) |
Metalrgica Riosulense Backtested Returns
Metalrgica Riosulense has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Metalrgica Riosulense exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metalrgica Riosulense's Mean Deviation of 0.9355, standard deviation of 1.3, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Metalrgica Riosulense's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metalrgica Riosulense is expected to be smaller as well. At this point, Metalrgica Riosulense has a negative expected return of -0.2%. Please make sure to verify Metalrgica Riosulense's skewness, rate of daily change, price action indicator, as well as the relationship between the accumulation distribution and day typical price , to decide if Metalrgica Riosulense performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Metalrgica Riosulense SA has average predictability. Overlapping area represents the amount of predictability between Metalrgica Riosulense time series from 1st of June 2024 to 30th of August 2024 and 30th of August 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 Metalrgica Riosulense price movement. The serial correlation of 0.49 indicates that about 49.0% of current Metalrgica Riosulense price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 3.53 |
Metalrgica Riosulense lagged returns against current returns
Autocorrelation, which is Metalrgica Riosulense 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 Metalrgica Riosulense's preferred stock expected returns. We can calculate the autocorrelation of Metalrgica Riosulense returns to help us make a trade decision. For example, suppose you find that Metalrgica Riosulense 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 |
Metalrgica Riosulense 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 Metalrgica Riosulense preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metalrgica Riosulense preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metalrgica Riosulense preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Metalrgica Riosulense Lagged Returns
When evaluating Metalrgica Riosulense's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metalrgica Riosulense preferred stock have on its future price. Metalrgica Riosulense 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, Metalrgica Riosulense autocorrelation shows the relationship between Metalrgica Riosulense preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Metalrgica Riosulense 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 Metalrgica Preferred Stock Analysis
When running Metalrgica Riosulense's price analysis, check to measure Metalrgica Riosulense'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 Metalrgica Riosulense is operating at the current time. Most of Metalrgica Riosulense's value examination focuses on studying past and present price action to predict the probability of Metalrgica Riosulense's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalrgica Riosulense's price. Additionally, you may evaluate how the addition of Metalrgica Riosulense to your portfolios can decrease your overall portfolio volatility.