Taurus Armas (Brazil) Market Value
| TASA3 Stock | BRL 8.80 0.13 1.50% |
| Symbol | Taurus |
Taurus Armas '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 Taurus Armas' 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 Taurus Armas.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Taurus Armas on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Taurus Armas SA or generate 0.0% return on investment in Taurus Armas over 720 days. Taurus Armas is related to or competes with Taurus Armas, Schulz SA, Petro Rio, Movida Participaes, and SIMPAR SA. Taurus Armas S.A., together with its subsidiaries, produces and trades small firearms More
Taurus Armas 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 Taurus Armas' 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 Taurus Armas SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.45 |
Taurus Armas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taurus Armas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taurus Armas' standard deviation. In reality, there are many statistical measures that can use Taurus Armas historical prices to predict the future Taurus Armas' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.48) |
Taurus Armas SA Backtested Returns
Taurus Armas SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Taurus Armas SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taurus Armas' Coefficient Of Variation of (569.47), risk adjusted performance of (0.13), and Variance of 3.66 to confirm the risk estimate we provide. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taurus Armas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Taurus Armas is expected to be smaller as well. At this point, Taurus Armas SA has a negative expected return of -0.33%. Please make sure to validate Taurus Armas' potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Taurus Armas SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Taurus Armas SA has good reverse predictability. Overlapping area represents the amount of predictability between Taurus Armas time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Taurus Armas SA price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Taurus Armas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 2.56 |
Taurus Armas SA lagged returns against current returns
Autocorrelation, which is Taurus Armas 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 Taurus Armas' stock expected returns. We can calculate the autocorrelation of Taurus Armas returns to help us make a trade decision. For example, suppose you find that Taurus Armas 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 |
Taurus Armas 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 Taurus Armas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taurus Armas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taurus Armas stock over time.
Current vs Lagged Prices |
| Timeline |
Taurus Armas Lagged Returns
When evaluating Taurus Armas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taurus Armas stock have on its future price. Taurus Armas 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, Taurus Armas autocorrelation shows the relationship between Taurus Armas stock current value and its past values and can show if there is a momentum factor associated with investing in Taurus Armas SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Taurus Stock Analysis
When running Taurus Armas' price analysis, check to measure Taurus Armas' 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 Taurus Armas is operating at the current time. Most of Taurus Armas' value examination focuses on studying past and present price action to predict the probability of Taurus Armas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taurus Armas' price. Additionally, you may evaluate how the addition of Taurus Armas to your portfolios can decrease your overall portfolio volatility.