Atom Empreendimentos (Brazil) Market Value
| ATOM3 Stock | BRL 2.28 0.02 0.88% |
| Symbol | Atom |
Atom Empreendimentos '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 Atom Empreendimentos' 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 Atom Empreendimentos.
| 03/03/2024 |
| 05/02/2024 |
If you would invest 0.00 in Atom Empreendimentos on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding Atom Empreendimentos e or generate 0.0% return on investment in Atom Empreendimentos over 60 days. Atom Empreendimentos is related to or competes with Lupatech, Triunfo Participaes, Viver Incorporadora, Bombril SA, and Recrusul. Atom Empreendimentos e Participaes S.A. operates in the financial market sector in Brazil More
Atom Empreendimentos 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 Atom Empreendimentos' 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 Atom Empreendimentos e upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0411 | |||
| Maximum Drawdown | 24.56 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 4.17 |
Atom Empreendimentos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atom Empreendimentos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atom Empreendimentos' standard deviation. In reality, there are many statistical measures that can use Atom Empreendimentos historical prices to predict the future Atom Empreendimentos' volatility.| Risk Adjusted Performance | 0.0463 | |||
| Jensen Alpha | 0.2137 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0461 | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atom Empreendimentos' 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.
Atom Empreendimentos Backtested Returns
We consider Atom Empreendimentos very risky. Atom Empreendimentos secures Sharpe Ratio (or Efficiency) of 0.0598, which signifies that the company had a 0.0598% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Atom Empreendimentos e, which you can use to evaluate the volatility of the firm. Please confirm Atom Empreendimentos' Mean Deviation of 1.7, downside deviation of 2.63, and Risk Adjusted Performance of 0.0463 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Atom Empreendimentos has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -1.05, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Atom Empreendimentos are expected to decrease slowly. On the other hand, during market turmoil, Atom Empreendimentos is expected to outperform it slightly. Atom Empreendimentos right now shows a risk of 2.95%. Please confirm Atom Empreendimentos standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Atom Empreendimentos will be following its price patterns.
Auto-correlation | 0.72 |
Good predictability
Atom Empreendimentos e has good predictability. Overlapping area represents the amount of predictability between Atom Empreendimentos time series from 3rd of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 2nd of May 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 Atom Empreendimentos price movement. The serial correlation of 0.72 indicates that around 72.0% of current Atom Empreendimentos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Atom Empreendimentos lagged returns against current returns
Autocorrelation, which is Atom Empreendimentos 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 Atom Empreendimentos' stock expected returns. We can calculate the autocorrelation of Atom Empreendimentos returns to help us make a trade decision. For example, suppose you find that Atom Empreendimentos 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 |
Atom Empreendimentos 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 Atom Empreendimentos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atom Empreendimentos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atom Empreendimentos stock over time.
Current vs Lagged Prices |
| Timeline |
Atom Empreendimentos Lagged Returns
When evaluating Atom Empreendimentos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atom Empreendimentos stock have on its future price. Atom Empreendimentos 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, Atom Empreendimentos autocorrelation shows the relationship between Atom Empreendimentos stock current value and its past values and can show if there is a momentum factor associated with investing in Atom Empreendimentos e.
Regressed Prices |
| Timeline |
Pair Trading with Atom Empreendimentos
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 Atom Empreendimentos 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 Atom Empreendimentos will appreciate offsetting losses from the drop in the long position's value.Moving against Atom Stock
| 0.6 | BSLI4 | BRB Banco | PairCorr |
The ability to find closely correlated positions to Atom Empreendimentos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atom Empreendimentos 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 Atom Empreendimentos - 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 Atom Empreendimentos e to buy it.
The correlation of Atom Empreendimentos 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 Atom Empreendimentos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atom Empreendimentos 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 Atom Empreendimentos 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 Atom Empreendimentos Correlation, Atom Empreendimentos Volatility and Atom Empreendimentos Alpha and Beta module to complement your research on Atom Empreendimentos. Note that the Atom Empreendimentos information on this page should be used as a complementary analysis to other Atom Empreendimentos' 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Atom Stock analysis
When running Atom Empreendimentos' price analysis, check to measure Atom Empreendimentos' 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 Atom Empreendimentos is operating at the current time. Most of Atom Empreendimentos' value examination focuses on studying past and present price action to predict the probability of Atom Empreendimentos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atom Empreendimentos' price. Additionally, you may evaluate how the addition of Atom Empreendimentos to your portfolios can decrease your overall portfolio volatility.
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Atom Empreendimentos 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.