Pettenati (Brazil) Market Value
| PTNT4 Preferred Stock | BRL 7.50 0.14 1.90% |
| Symbol | Pettenati |
Pettenati '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 Pettenati'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 Pettenati.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Pettenati on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Pettenati SA Industria or generate 0.0% return on investment in Pettenati over 30 days. Pettenati is related to or competes with Monteiro Aranha, OReilly Automotive, Ascendis Pharma, Banco Santander, Alfa Holdings, Alfa Holdings, and Alfa Holdings. Industria Txtil manufactures and sells textile products for men, women, children, and babies in Brazil and international... More
Pettenati 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 Pettenati'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 Pettenati SA Industria upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.67 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 2.07 |
Pettenati Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pettenati's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pettenati's standard deviation. In reality, there are many statistical measures that can use Pettenati historical prices to predict the future Pettenati's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pettenati'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.
Pettenati SA Industria Backtested Returns
Pettenati SA Industria maintains Sharpe Ratio (i.e., Efficiency) of -0.091, which implies the firm had a -0.091% return per unit of risk over the last 3 months. Pettenati SA Industria exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pettenati's Variance of 2.7, coefficient of variation of (972.88), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pettenati's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pettenati is expected to be smaller as well. Pettenati SA Industria has an expected return of -0.15%. Please make sure to check Pettenati SA Industria rate of daily change, price action indicator, and the relationship between the accumulation distribution and day typical price , to decide if Pettenati SA Industria performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Pettenati SA Industria has insignificant predictability. Overlapping area represents the amount of predictability between Pettenati time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Pettenati SA Industria price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Pettenati price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Pettenati SA Industria lagged returns against current returns
Autocorrelation, which is Pettenati 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 Pettenati's preferred stock expected returns. We can calculate the autocorrelation of Pettenati returns to help us make a trade decision. For example, suppose you find that Pettenati 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 |
Pettenati 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 Pettenati preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pettenati preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pettenati preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Pettenati Lagged Returns
When evaluating Pettenati's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pettenati preferred stock have on its future price. Pettenati 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, Pettenati autocorrelation shows the relationship between Pettenati preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Pettenati SA Industria.
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 Pettenati 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, Pettenati's short interest history, or implied volatility extrapolated from Pettenati options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Pettenati SA Industria using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Pettenati Correlation, Pettenati Volatility and Pettenati Alpha and Beta module to complement your research on Pettenati. Note that the Pettenati SA Industria information on this page should be used as a complementary analysis to other Pettenati'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Pettenati Preferred Stock analysis
When running Pettenati's price analysis, check to measure Pettenati'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 Pettenati is operating at the current time. Most of Pettenati's value examination focuses on studying past and present price action to predict the probability of Pettenati's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pettenati's price. Additionally, you may evaluate how the addition of Pettenati to your portfolios can decrease your overall portfolio volatility.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
Pettenati 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.