Arezzo Indstria (Brazil) Price on February 8, 2024
| ARZZ3 Stock | BRL 49.41 0.32 0.65% |
If you're considering investing in Arezzo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arezzo Indstria stands at 49.41, as last reported on the 21st of May, with the highest price reaching 50.10 and the lowest price hitting 48.38 during the day. Arezzo Indstria e secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Arezzo Indstria e exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arezzo Indstria's risk adjusted performance of (0.06), and Mean Deviation of 1.55 to double-check the risk estimate we provide.
Arezzo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arezzo |
Sharpe Ratio = -0.1344
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| Negative Returns | ARZZ3 |
Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Arezzo Indstria is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Arezzo Indstria by adding Arezzo Indstria to a well-diversified portfolio.
Arezzo Indstria Valuation on February 8, 2024
It is possible to determine the worth of Arezzo Indstria on a given historical date. On February 8, 2024 Arezzo was worth 60.0 at the beginning of the trading date compared to the closed value of 58.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arezzo Indstria stock. Still, in general, we apply an absolute valuation method to find Arezzo Indstria's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Arezzo Indstria where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arezzo Indstria's related companies.
| Open | High | Low | Close | Volume | |
| 59.60 | 60.06 | 57.80 | 60.03 | 2,379,400 | |
02/08/2024 | 60.00 | 60.50 | 57.82 | 58.60 | 1,720,900 |
| 58.50 | 61.28 | 58.47 | 60.20 | 2,102,500 |
| Backtest Arezzo Indstria | | | Arezzo Indstria History | | | Arezzo Indstria Valuation | Previous | Next |
Arezzo Indstria Trading Date Momentum on February 8, 2024
| On February 09 2024 Arezzo Indstria e was traded for 60.20 at the closing time. The highest price during the trading period was 61.28 and the lowest recorded bid was listed for 58.47 . The volume for the day was 2.1 M. This history from February 9, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 2.73% . The overall trading delta to the current price is 0.31% . |
Arezzo Indstria e Fundamentals Correlations and Trends
By evaluating Arezzo Indstria's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Arezzo Indstria's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Arezzo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Arezzo Indstria Stock history
Arezzo Indstria investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Arezzo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arezzo Indstria e will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Arezzo Indstria stock prices may prove useful in developing a viable investing in Arezzo Indstria
Arezzo Indstria e Comrcio S.A. designs, develops, manufactures, markets, and sells shoes, handbags, clothing, and accessories for women and men. Arezzo Indstria e Comrcio S.A. was founded in 1972 and is headquartered in Belo Horizonte, Brazil. AREZZO ON operates under Footwear Accessories classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 6559 people.
Arezzo Indstria Stock Technical Analysis
Arezzo Indstria 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.
Price Boundaries
Arezzo Indstria Period Price Range
Low | February 8, 2024
| High |
60.00 | 58.60 |
Arezzo Indstria May 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Arezzo Indstria stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arezzo Indstria shares will generate the highest return on investment. By undertsting and applying Arezzo Indstria stock market strength indicators, traders can identify Arezzo Indstria e entry and exit signals to maximize returns
| Accumulation Distribution | 76231.6 | |||
| Daily Balance Of Power | (0.52) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 59.16 | |||
| Day Typical Price | 58.97 | |||
| Price Action Indicator | (1.26) | |||
| Period Momentum Indicator | (9.19) | |||
| Relative Strength Index | 39.47 |
Arezzo Indstria Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arezzo Indstria's price direction in advance. Along with the technical and fundamental analysis of Arezzo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arezzo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.26) |
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| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arezzo Indstria e. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Arezzo Indstria e information on this page should be used as a complementary analysis to other Arezzo Indstria'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Arezzo Stock analysis
When running Arezzo Indstria's price analysis, check to measure Arezzo Indstria'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 Arezzo Indstria is operating at the current time. Most of Arezzo Indstria's value examination focuses on studying past and present price action to predict the probability of Arezzo Indstria's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arezzo Indstria's price. Additionally, you may evaluate how the addition of Arezzo Indstria to your portfolios can decrease your overall portfolio volatility.
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