Cyrela Brazil (Brazil) Market Value
CYRE3 Stock | BRL 21.25 0.05 0.23% |
Symbol | Cyrela |
Cyrela Brazil '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 Cyrela Brazil'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 Cyrela Brazil.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Cyrela Brazil on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cyrela Brazil Realty or generate 0.0% return on investment in Cyrela Brazil over 30 days. Cyrela Brazil is related to or competes with MRV Engenharia, Gafisa SA, Cosan SA, Lojas Renner, and CCR SA. Empreendimentos e Participaes develops, constructs, sells, and services residential and commercial properties in Brazil More
Cyrela Brazil 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 Cyrela Brazil'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 Cyrela Brazil Realty upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.09) | |||
Maximum Drawdown | 10.05 | |||
Value At Risk | (2.92) | |||
Potential Upside | 3.11 |
Cyrela Brazil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cyrela Brazil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cyrela Brazil's standard deviation. In reality, there are many statistical measures that can use Cyrela Brazil historical prices to predict the future Cyrela Brazil's volatility.Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.15) | |||
Total Risk Alpha | (0.35) | |||
Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cyrela Brazil'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.
Cyrela Brazil Realty Backtested Returns
Cyrela Brazil Realty secures Sharpe Ratio (or Efficiency) of -0.0488, which signifies that the company had a -0.0488% return per unit of risk over the last 3 months. Cyrela Brazil Realty exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cyrela Brazil's Mean Deviation of 1.54, standard deviation of 1.98, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cyrela Brazil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cyrela Brazil is expected to be smaller as well. Cyrela Brazil Realty has an expected return of -0.0968%. Please make sure to confirm Cyrela Brazil Realty value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Cyrela Brazil Realty performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Cyrela Brazil Realty has good predictability. Overlapping area represents the amount of predictability between Cyrela Brazil time series from 26th of March 2024 to 10th of April 2024 and 10th of April 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 Cyrela Brazil Realty price movement. The serial correlation of 0.77 indicates that around 77.0% of current Cyrela Brazil price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.77 | |
Spearman Rank Test | 0.16 | |
Residual Average | 0.0 | |
Price Variance | 1.18 |
Cyrela Brazil Realty lagged returns against current returns
Autocorrelation, which is Cyrela Brazil 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 Cyrela Brazil's stock expected returns. We can calculate the autocorrelation of Cyrela Brazil returns to help us make a trade decision. For example, suppose you find that Cyrela Brazil 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 |
Cyrela Brazil 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 Cyrela Brazil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cyrela Brazil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cyrela Brazil stock over time.
Current vs Lagged Prices |
Timeline |
Cyrela Brazil Lagged Returns
When evaluating Cyrela Brazil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cyrela Brazil stock have on its future price. Cyrela Brazil 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, Cyrela Brazil autocorrelation shows the relationship between Cyrela Brazil stock current value and its past values and can show if there is a momentum factor associated with investing in Cyrela Brazil Realty.
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 Cyrela Brazil 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, Cyrela Brazil's short interest history, or implied volatility extrapolated from Cyrela Brazil options trading.
Pair Trading with Cyrela Brazil
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 Cyrela Brazil 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 Cyrela Brazil will appreciate offsetting losses from the drop in the long position's value.Moving against Cyrela Stock
0.45 | AAPL34 | Apple Inc | PairCorr |
The ability to find closely correlated positions to Cyrela Brazil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cyrela Brazil 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 Cyrela Brazil - 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 Cyrela Brazil Realty to buy it.
The correlation of Cyrela Brazil 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 Cyrela Brazil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cyrela Brazil Realty 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 Cyrela Brazil 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 Cyrela Brazil Correlation, Cyrela Brazil Volatility and Cyrela Brazil Alpha and Beta module to complement your research on Cyrela Brazil. Note that the Cyrela Brazil Realty information on this page should be used as a complementary analysis to other Cyrela Brazil'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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Cyrela Stock analysis
When running Cyrela Brazil's price analysis, check to measure Cyrela Brazil'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 Cyrela Brazil is operating at the current time. Most of Cyrela Brazil's value examination focuses on studying past and present price action to predict the probability of Cyrela Brazil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cyrela Brazil's price. Additionally, you may evaluate how the addition of Cyrela Brazil to your portfolios can decrease your overall portfolio volatility.
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Cyrela Brazil 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.