Bradespar (Brazil) Market Value
| BRAP4 Preferred Stock | BRL 20.88 0.25 1.21% |
| Symbol | Bradespar |
Bradespar '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 Bradespar'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 Bradespar.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Bradespar on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Bradespar SA or generate 0.0% return on investment in Bradespar over 30 days. Bradespar is related to or competes with Companhia Siderrgica, and Companhia Energtica. Bradespar S.A., through its interest in VALE, operates as a mining company in the production of iron ore, iron ore pelle... More
Bradespar 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 Bradespar'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 Bradespar SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.1 |
Bradespar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bradespar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bradespar's standard deviation. In reality, there are many statistical measures that can use Bradespar historical prices to predict the future Bradespar's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bradespar's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bradespar SA Backtested Returns
Bradespar SA secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Bradespar SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bradespar's risk adjusted performance of (0.11), and Mean Deviation of 0.9795 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bradespar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bradespar is expected to be smaller as well. Bradespar SA has an expected return of -0.16%. Please make sure to confirm Bradespar SA market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Bradespar SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Bradespar SA has modest reverse predictability. Overlapping area represents the amount of predictability between Bradespar time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 Bradespar SA price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Bradespar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Bradespar SA lagged returns against current returns
Autocorrelation, which is Bradespar 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 Bradespar's preferred stock expected returns. We can calculate the autocorrelation of Bradespar returns to help us make a trade decision. For example, suppose you find that Bradespar 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 |
Bradespar 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 Bradespar preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bradespar preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bradespar preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Bradespar Lagged Returns
When evaluating Bradespar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bradespar preferred stock have on its future price. Bradespar 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, Bradespar autocorrelation shows the relationship between Bradespar preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Bradespar SA.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bradespar in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bradespar's short interest history, or implied volatility extrapolated from Bradespar options trading.
Pair Trading with Bradespar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bradespar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bradespar will appreciate offsetting losses from the drop in the long position's value.Moving together with Bradespar Preferred Stock
| 0.69 | TRPL3 | CTEEP Companhia | PairCorr |
Moving against Bradespar Preferred Stock
| 0.87 | ENMT4 | Energisa Mato Grosso | PairCorr |
| 0.59 | EKTR4 | Elektro Redes SA | PairCorr |
| 0.59 | WHRL3 | Whirlpool SA | PairCorr |
The ability to find closely correlated positions to Bradespar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bradespar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bradespar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bradespar SA to buy it.
The correlation of Bradespar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bradespar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bradespar SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bradespar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bradespar Correlation, Bradespar Volatility and Bradespar Alpha and Beta module to complement your research on Bradespar. Note that the Bradespar SA information on this page should be used as a complementary analysis to other Bradespar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Bradespar Preferred Stock analysis
When running Bradespar's price analysis, check to measure Bradespar'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 Bradespar is operating at the current time. Most of Bradespar's value examination focuses on studying past and present price action to predict the probability of Bradespar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bradespar's price. Additionally, you may evaluate how the addition of Bradespar to your portfolios can decrease your overall portfolio volatility.
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Bradespar technical preferred stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, preferred stock market cycles, or different charting patterns.