Compania (Argentina) Market Value
| TRAN Stock | ARS 1,172 28.00 2.33% |
| Symbol | Compania |
Compania '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 Compania's 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 Compania.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Compania on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Compania de Transporte or generate 0.0% return on investment in Compania over 90 days. Compania is related to or competes with Agrometal SAI, Transportadora, Harmony Gold, Telecom Argentina, and United States. Compaa de Transporte de Energa Elctrica en Alta Tensin Transener S.A More
Compania 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 Compania's 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 Compania de Transporte upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.9 | |||
| Value At Risk | (7.26) | |||
| Potential Upside | 6.22 |
Compania Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compania's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compania's standard deviation. In reality, there are many statistical measures that can use Compania historical prices to predict the future Compania's volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compania'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.
Compania de Transporte Backtested Returns
Compania de Transporte secures Sharpe Ratio (or Efficiency) of -0.0846, which signifies that the company had a -0.0846% return per unit of risk over the last 3 months. Compania de Transporte exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compania's Risk Adjusted Performance of 0.004, mean deviation of 3.07, and Standard Deviation of 3.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.46, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Compania will likely underperform. Compania de Transporte has an expected return of -0.34%. Please make sure to confirm Compania de Transporte treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Compania de Transporte performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Compania de Transporte has weak reverse predictability. Overlapping area represents the amount of predictability between Compania time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Compania de Transporte price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Compania price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 19.4 K |
Compania de Transporte lagged returns against current returns
Autocorrelation, which is Compania 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 Compania's stock expected returns. We can calculate the autocorrelation of Compania returns to help us make a trade decision. For example, suppose you find that Compania 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 |
Compania 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 Compania stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compania stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compania stock over time.
Current vs Lagged Prices |
| Timeline |
Compania Lagged Returns
When evaluating Compania's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compania stock have on its future price. Compania 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, Compania autocorrelation shows the relationship between Compania stock current value and its past values and can show if there is a momentum factor associated with investing in Compania de Transporte.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Compania Correlation, Compania Volatility and Compania Alpha and Beta module to complement your research on Compania. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Compania Stock analysis
When running Compania's price analysis, check to measure Compania'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 Compania is operating at the current time. Most of Compania's value examination focuses on studying past and present price action to predict the probability of Compania's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compania's price. Additionally, you may evaluate how the addition of Compania to your portfolios can decrease your overall portfolio volatility.
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Compania technical 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, stock market cycles, or different charting patterns.