BRASKEM NETH FIN Market Value
| 10554TAB1 | 93.86 0.00 0.00% |
| Symbol | BRASKEM |
BRASKEM '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 BRASKEM's bond 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 BRASKEM.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in BRASKEM on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding BRASKEM NETH FIN or generate 0.0% return on investment in BRASKEM over 360 days. BRASKEM is related to or competes with Travelers Companies, GE Aerospace, Walmart, Pfizer, HP, 3M, and Merck. More
BRASKEM 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 BRASKEM's bond 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 BRASKEM NETH FIN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.0377 | |||
| Maximum Drawdown | 13.64 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.3 |
BRASKEM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BRASKEM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BRASKEM's standard deviation. In reality, there are many statistical measures that can use BRASKEM historical prices to predict the future BRASKEM's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | 0.1419 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0335 | |||
| Treynor Ratio | 0.5184 |
BRASKEM NETH FIN Backtested Returns
At this point, BRASKEM is very steady. BRASKEM NETH FIN retains Efficiency (Sharpe Ratio) of 0.0315, which signifies that the bond had a 0.0315% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for BRASKEM, which you can use to evaluate the volatility of the entity. Please confirm BRASKEM's coefficient of variation of 1046.19, and Market Risk Adjusted Performance of 0.5284 to double-check if the risk estimate we provide is consistent with the expected return of 0.0656%. The bond owns a Beta (Systematic Risk) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BRASKEM's returns are expected to increase less than the market. However, during the bear market, the loss of holding BRASKEM is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
BRASKEM NETH FIN has modest predictability. Overlapping area represents the amount of predictability between BRASKEM time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 BRASKEM NETH FIN price movement. The serial correlation of 0.55 indicates that about 55.0% of current BRASKEM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
BRASKEM NETH FIN lagged returns against current returns
Autocorrelation, which is BRASKEM bond'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 BRASKEM's bond expected returns. We can calculate the autocorrelation of BRASKEM returns to help us make a trade decision. For example, suppose you find that BRASKEM has exhibited high autocorrelation historically, and you observe that the bond 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 |
BRASKEM 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 BRASKEM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BRASKEM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BRASKEM bond over time.
Current vs Lagged Prices |
| Timeline |
BRASKEM Lagged Returns
When evaluating BRASKEM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BRASKEM bond have on its future price. BRASKEM 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, BRASKEM autocorrelation shows the relationship between BRASKEM bond current value and its past values and can show if there is a momentum factor associated with investing in BRASKEM NETH FIN.
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.Other Information on Investing in BRASKEM Bond
BRASKEM financial ratios help investors to determine whether BRASKEM Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BRASKEM with respect to the benefits of owning BRASKEM security.