Dycasa SA (Argentina) Market Value
| DYCA Stock | ARS 370.50 6.50 1.79% |
| Symbol | Dycasa |
Dycasa SA '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 Dycasa SA'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 Dycasa SA.
| 04/06/2023 |
| 04/30/2024 |
If you would invest 0.00 in Dycasa SA on April 6, 2023 and sell it all today you would earn a total of 0.00 from holding Dycasa SA or generate 0.0% return on investment in Dycasa SA over 390 days. Dycasa SA is related to or competes with Compania, Harmony Gold, and Transportadora. DYCASA Sociedad Annima engages in public and private sector construction activities in Argentina and internationally More
Dycasa SA 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 Dycasa SA'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 Dycasa SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.47 | |||
| Information Ratio | 0.0207 | |||
| Maximum Drawdown | 53.71 | |||
| Value At Risk | (7.17) | |||
| Potential Upside | 9.32 |
Dycasa SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dycasa SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dycasa SA's standard deviation. In reality, there are many statistical measures that can use Dycasa SA historical prices to predict the future Dycasa SA's volatility.| Risk Adjusted Performance | 0.0296 | |||
| Jensen Alpha | 0.1759 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0283 | |||
| Treynor Ratio | 0.3187 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dycasa SA'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.
Dycasa SA Backtested Returns
Dycasa SA secures Sharpe Ratio (or Efficiency) of -0.0596, which denotes the company had a -0.0596% return per unit of standard deviation over the last 3 months. Dycasa SA exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dycasa SA's Downside Deviation of 5.47, semi deviation of 4.82, and Mean Deviation of 4.27 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dycasa SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dycasa SA is expected to be smaller as well. Dycasa SA has an expected return of -0.4%. Please make sure to confirm Dycasa SA mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Dycasa SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Dycasa SA has good predictability. Overlapping area represents the amount of predictability between Dycasa SA time series from 6th of April 2023 to 18th of October 2023 and 18th of October 2023 to 30th 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 Dycasa SA price movement. The serial correlation of 0.68 indicates that around 68.0% of current Dycasa SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 18.3 K |
Dycasa SA lagged returns against current returns
Autocorrelation, which is Dycasa SA 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 Dycasa SA's stock expected returns. We can calculate the autocorrelation of Dycasa SA returns to help us make a trade decision. For example, suppose you find that Dycasa SA 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 |
Dycasa SA 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 Dycasa SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dycasa SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dycasa SA stock over time.
Current vs Lagged Prices |
| Timeline |
Dycasa SA Lagged Returns
When evaluating Dycasa SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dycasa SA stock have on its future price. Dycasa SA 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, Dycasa SA autocorrelation shows the relationship between Dycasa SA stock current value and its past values and can show if there is a momentum factor associated with investing in Dycasa SA.
Regressed Prices |
| Timeline |
Pair Trading with Dycasa SA
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 Dycasa SA 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 Dycasa SA will appreciate offsetting losses from the drop in the long position's value.Moving against Dycasa Stock
| 0.48 | WFC | Wells Fargo | PairCorr |
The ability to find closely correlated positions to Dycasa SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dycasa SA 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 Dycasa SA - 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 Dycasa SA to buy it.
The correlation of Dycasa SA 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 Dycasa SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dycasa 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 Dycasa SA 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 Dycasa SA Correlation, Dycasa SA Volatility and Dycasa SA Alpha and Beta module to complement your research on Dycasa SA. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Dycasa Stock analysis
When running Dycasa SA's price analysis, check to measure Dycasa SA'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 Dycasa SA is operating at the current time. Most of Dycasa SA's value examination focuses on studying past and present price action to predict the probability of Dycasa SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dycasa SA's price. Additionally, you may evaluate how the addition of Dycasa SA to your portfolios can decrease your overall portfolio volatility.
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Dycasa SA 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.