Txtil Renauxview (Brazil) Market Value
| TXRX4 Preferred Stock | BRL 2.10 0.02 0.94% |
| Symbol | Txtil |
Txtil Renauxview '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 Txtil Renauxview'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 Txtil Renauxview.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Txtil Renauxview on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Txtil Renauxview SA or generate 0.0% return on investment in Txtil Renauxview over 240 days. Txtil Renauxview is related to or competes with Companhia, Springs Global, Companhia, Marcopolo, and Inepar SA. Txtil Renauxview S.A. designs, produces, and sells fabrics and yarns in Brazil More
Txtil Renauxview 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 Txtil Renauxview'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 Txtil Renauxview SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 3.7 |
Txtil Renauxview Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Txtil Renauxview's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Txtil Renauxview's standard deviation. In reality, there are many statistical measures that can use Txtil Renauxview historical prices to predict the future Txtil Renauxview's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (1.09) |
Txtil Renauxview Backtested Returns
Txtil Renauxview owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0882, which indicates the firm had a -0.0882% return per unit of risk over the last 3 months. Txtil Renauxview SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Txtil Renauxview's Risk Adjusted Performance of (0.04), coefficient of variation of (1,671), and Variance of 3.59 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Txtil Renauxview's returns are expected to increase less than the market. However, during the bear market, the loss of holding Txtil Renauxview is expected to be smaller as well. At this point, Txtil Renauxview has a negative expected return of -0.17%. Please make sure to validate Txtil Renauxview's kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if Txtil Renauxview performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Txtil Renauxview SA has very weak predictability. Overlapping area represents the amount of predictability between Txtil Renauxview time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Txtil Renauxview price movement. The serial correlation of 0.18 indicates that over 18.0% of current Txtil Renauxview price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Txtil Renauxview lagged returns against current returns
Autocorrelation, which is Txtil Renauxview 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 Txtil Renauxview's preferred stock expected returns. We can calculate the autocorrelation of Txtil Renauxview returns to help us make a trade decision. For example, suppose you find that Txtil Renauxview 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 |
Txtil Renauxview 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 Txtil Renauxview preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Txtil Renauxview preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Txtil Renauxview preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Txtil Renauxview Lagged Returns
When evaluating Txtil Renauxview's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Txtil Renauxview preferred stock have on its future price. Txtil Renauxview 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, Txtil Renauxview autocorrelation shows the relationship between Txtil Renauxview preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Txtil Renauxview 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 Txtil Preferred Stock Analysis
When running Txtil Renauxview's price analysis, check to measure Txtil Renauxview'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 Txtil Renauxview is operating at the current time. Most of Txtil Renauxview's value examination focuses on studying past and present price action to predict the probability of Txtil Renauxview's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Txtil Renauxview's price. Additionally, you may evaluate how the addition of Txtil Renauxview to your portfolios can decrease your overall portfolio volatility.