Banco Bradesco (Brazil) Market Value
| BBDC4 Preferred Stock | BRL 13.67 0.09 0.66% |
| Symbol | Banco |
Banco Bradesco '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 Banco Bradesco'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 Banco Bradesco.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Banco Bradesco on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Banco Bradesco SA or generate 0.0% return on investment in Banco Bradesco over 30 days. Banco Bradesco is related to or competes with Banco Do, Petrleo Brasileiro, and Vale SA. Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corp... More
Banco Bradesco 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 Banco Bradesco'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 Banco Bradesco SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 22.05 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.97 |
Banco Bradesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banco Bradesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banco Bradesco's standard deviation. In reality, there are many statistical measures that can use Banco Bradesco historical prices to predict the future Banco Bradesco's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Banco Bradesco'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.
Banco Bradesco SA Backtested Returns
Banco Bradesco SA secures Sharpe Ratio (or Efficiency) of -0.0606, which signifies that the company had a -0.0606% return per unit of risk over the last 3 months. Banco Bradesco SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Banco Bradesco's Risk Adjusted Performance of (0.04), mean deviation of 1.15, and Standard Deviation of 2.34 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Banco Bradesco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Banco Bradesco is expected to be smaller as well. Banco Bradesco SA has an expected return of -0.15%. Please make sure to confirm Banco Bradesco SA treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Banco Bradesco SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Banco Bradesco SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Banco Bradesco time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Banco Bradesco SA price movement. The serial correlation of -0.84 indicates that around 84.0% of current Banco Bradesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Banco Bradesco SA lagged returns against current returns
Autocorrelation, which is Banco Bradesco 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 Banco Bradesco's preferred stock expected returns. We can calculate the autocorrelation of Banco Bradesco returns to help us make a trade decision. For example, suppose you find that Banco Bradesco 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 |
Banco Bradesco 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 Banco Bradesco preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banco Bradesco preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banco Bradesco preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Banco Bradesco Lagged Returns
When evaluating Banco Bradesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banco Bradesco preferred stock have on its future price. Banco Bradesco 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, Banco Bradesco autocorrelation shows the relationship between Banco Bradesco preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Banco Bradesco 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 Banco Bradesco 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, Banco Bradesco's short interest history, or implied volatility extrapolated from Banco Bradesco options trading.
Pair Trading with Banco Bradesco
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 Banco Bradesco 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 Banco Bradesco will appreciate offsetting losses from the drop in the long position's value.Moving against Banco Preferred Stock
| 0.68 | TMCO34 | Toyota Motor | PairCorr |
| 0.63 | BERK34 | Berkshire Hathaway | PairCorr |
| 0.57 | WALM34 | Walmart Split | PairCorr |
| 0.53 | AMZO34 | Amazon Inc | PairCorr |
| 0.45 | TGTB34 | Target | PairCorr |
The ability to find closely correlated positions to Banco Bradesco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco Bradesco 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 Banco Bradesco - 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 Banco Bradesco SA to buy it.
The correlation of Banco Bradesco 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 Banco Bradesco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Bradesco 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 Banco Bradesco 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 Banco Bradesco Correlation, Banco Bradesco Volatility and Banco Bradesco Alpha and Beta module to complement your research on Banco Bradesco. Note that the Banco Bradesco SA information on this page should be used as a complementary analysis to other Banco Bradesco'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Banco Preferred Stock analysis
When running Banco Bradesco's price analysis, check to measure Banco Bradesco'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 Banco Bradesco is operating at the current time. Most of Banco Bradesco's value examination focuses on studying past and present price action to predict the probability of Banco Bradesco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banco Bradesco's price. Additionally, you may evaluate how the addition of Banco Bradesco to your portfolios can decrease your overall portfolio volatility.
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Banco Bradesco 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.