BRASIL ON (Brazil) Market Value

BBAS3 -  Brazil Stock  

BRL 36.35  1.54  4.06%

BRASIL ON's market value is the price at which a share of BRASIL ON stock trades on a public exchange. It measures the collective expectations of BRASIL ON NM investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of BRASIL ON NM and determine expected loss or profit from investing in BRASIL ON over a given investment horizon. Continue to BRASIL ON Hype Analysis, BRASIL ON Correlation, BRASIL ON Valuation, BRASIL ON Volatility, as well as analyze BRASIL ON Alpha and Beta and BRASIL ON Performance.
Symbol
Backtest

Please note, there is a significant difference between BRASIL ON's value and its price as these two are different measures arrived at by different means. Investors typically determine BRASIL ON value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BRASIL ON's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

BRASIL ON '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 BRASIL ON'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 BRASIL ON.
0.00
06/03/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
05/24/2022
0.00
If you would invest  0.00  in BRASIL ON on June 3, 2020 and sell it all today you would earn a total of 0.00 from holding BRASIL ON NM or generate 0.0% return on investment in BRASIL ON over 720 days. BRASIL ON is related to or competes with ABC BRASIL. Banco do Brasil S.A., together with its subsidiaries, provides banking products and services for individuals, companies,...

BRASIL ON 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 BRASIL ON'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 BRASIL ON NM upside and downside potential and time the market with a certain degree of confidence.

BRASIL ON Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BRASIL ON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BRASIL ON's standard deviation. In reality, there are many statistical measures that can use BRASIL ON historical prices to predict the future BRASIL ON's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of BRASIL ON'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. Please use the tools below to analyze the current value of BRASIL ON in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
35.1337.0038.87
Details
Intrinsic
Valuation
LowReal ValueHigh
33.9435.8137.68
Details
Naive
Forecast
LowNext ValueHigh
36.2238.0939.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.7235.0337.33
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BRASIL ON. Your research has to be compared to or analyzed against BRASIL ON's peers to derive any actionable benefits. When done correctly, BRASIL ON's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in BRASIL ON NM.

BRASIL ON NM Backtested Returns

We consider BRASIL ON very steady. BRASIL ON NM retains Efficiency (Sharpe Ratio) of 0.099, which signifies that the company had 0.099% of return per unit of risk over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for BRASIL ON, which you can use to evaluate the future volatility of the firm. Please confirm BRASIL ON NM coefficient of variation of 900.38, and Market Risk Adjusted Performance of (0.79) to double-check if the risk estimate we provide is consistent with the expected return of 0.19%.
BRASIL ON has performance score of 7 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.2506, which signifies not very significant fluctuations relative to the market. Let's try to break down what BRASIL's beta means in this case. As returns on the market increase, returns on owning BRASIL ON are expected to decrease at a much lower rate. During the bear market, BRASIL ON is likely to outperform the market. Although it is extremely important to respect BRASIL ON NM existing price patterns, it is better to be realistic regarding the information on equity price patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing BRASIL ON NM technical indicators, you can right now evaluate if the expected return of 0.19% will be sustainable into the future. BRASIL ON NM at this time owns a risk of 1.94%. Please confirm BRASIL ON NM semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation to decide if BRASIL ON NM will be following its current price history.

Auto-correlation

    
  -0.31  

Poor reverse predictability

BRASIL ON NM has poor reverse predictability. Overlapping area represents the amount of predictability between BRASIL ON time series from 3rd of June 2020 to 29th of May 2021 and 29th of May 2021 to 24th of May 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BRASIL ON NM price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current BRASIL ON price fluctuation can be explain by its past prices.
Correlation Coefficient-0.31
Spearman Rank Test0.09
Residual Average0.0
Price Variance6.92

BRASIL ON NM lagged returns against current returns

Autocorrelation, which is BRASIL ON 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 BRASIL ON's stock expected returns. We can calculate the autocorrelation of BRASIL ON returns to help us make a trade decision. For example, suppose you find that BRASIL ON stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
Share
      Timeline 

BRASIL ON 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 BRASIL ON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BRASIL ON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BRASIL ON stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

BRASIL ON Lagged Returns

When evaluating BRASIL ON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BRASIL ON stock have on its future price. BRASIL ON 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, BRASIL ON autocorrelation shows the relationship between BRASIL ON stock current value and its past values and can show if there is a momentum factor associated with investing in BRASIL ON NM.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in BRASIL ON without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Equity Forecasting Now

   

Equity Forecasting

Use basic forecasting models to generate price predictions and determine price momentum
All  Next Launch Module

Pair Trading with BRASIL ON

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 BRASIL ON 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 BRASIL ON will appreciate offsetting losses from the drop in the long position's value.

BRASIL ON Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to BRASIL ON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRASIL ON 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 BRASIL ON - 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 BRASIL ON NM to buy it.
The correlation of BRASIL ON is a statistical measure of how it moves in relation to other equities. 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 BRASIL ON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRASIL ON NM 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 BRASIL ON 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.
Pair CorrelationCorrelation Matching
Continue to BRASIL ON Hype Analysis, BRASIL ON Correlation, BRASIL ON Valuation, BRASIL ON Volatility, as well as analyze BRASIL ON Alpha and Beta and BRASIL ON Performance. Note that the BRASIL ON NM information on this page should be used as a complementary analysis to other BRASIL ON'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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Other Tools for BRASIL Stock

When running BRASIL ON NM price analysis, check to measure BRASIL ON'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 BRASIL ON is operating at the current time. Most of BRASIL ON's value examination focuses on studying past and present price action to predict the probability of BRASIL ON's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BRASIL ON's price. Additionally, you may evaluate how the addition of BRASIL ON to your portfolios can decrease your overall portfolio volatility.
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go