BRADESCO (Brazil) Market Value

BBDC4 -  Brazil Stock  

BRL 18.56  0.64  3.57%

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

Please note, there is a significant difference between BRADESCO's value and its price as these two are different measures arrived at by different means. Investors typically determine BRADESCO value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BRADESCO'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.

BRADESCO '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 BRADESCO'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 BRADESCO.
0.00
01/31/2021
No Change 0.00  0.0 
In 1 year 4 months and 25 days
06/25/2022
0.00
If you would invest  0.00  in BRADESCO on January 31, 2021 and sell it all today you would earn a total of 0.00 from holding BRADESCO PN EJ or generate 0.0% return on investment in BRADESCO over 510 days. BRADESCO is related to or competes with ABC BRASIL. Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corp...More

BRADESCO 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 BRADESCO'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 BRADESCO PN EJ upside and downside potential and time the market with a certain degree of confidence.

BRADESCO Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BRADESCO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BRADESCO's standard deviation. In reality, there are many statistical measures that can use BRADESCO historical prices to predict the future BRADESCO's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of BRADESCO'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 BRADESCO in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
17.1218.5620.00
Details
Intrinsic
Valuation
LowReal ValueHigh
16.7021.7523.19
Details
Naive
Forecast
LowNext ValueHigh
17.0618.4919.93
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.6619.1320.61
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BRADESCO. Your research has to be compared to or analyzed against BRADESCO's peers to derive any actionable benefits. When done correctly, BRADESCO'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 BRADESCO PN EJ.

BRADESCO PN EJ Backtested Returns

BRADESCO PN EJ retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the company had -0.11% of return per unit of risk over the last 3 months. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. BRADESCO exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BRADESCO PN EJ coefficient of variation of (1,105), and Market Risk Adjusted Performance of 81.24 to double-check the risk estimate we provide.
The firm owns a Beta (Systematic Risk) of -0.0017, which signifies not very significant fluctuations relative to the market. Let's try to break down what BRADESCO's beta means in this case. As returns on the market increase, returns on owning BRADESCO are expected to decrease at a much lower rate. During the bear market, BRADESCO is likely to outperform the market. Even though it is essential to pay attention to BRADESCO PN EJ existing price patterns, it is always good to be careful when utilizing equity price patterns. Our philosophy in foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. BRADESCO exposes twenty-one different technical indicators, which can help you to evaluate its performance. BRADESCO PN EJ has an expected return of -0.16%. Please be advised to confirm BRADESCO PN EJ semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation to decide if BRADESCO PN EJ performance from the past will be repeated in the future.

Auto-correlation

    
  0.24  

Weak predictability

BRADESCO PN EJ has weak predictability. Overlapping area represents the amount of predictability between BRADESCO time series from 31st of January 2021 to 13th of October 2021 and 13th of October 2021 to 25th of June 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 BRADESCO PN EJ price movement. The serial correlation of 0.24 indicates that over 24.0% of current BRADESCO price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.22
Residual Average0.0
Price Variance0.77

BRADESCO PN EJ lagged returns against current returns

Autocorrelation, which is BRADESCO 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 BRADESCO's stock expected returns. We can calculate the autocorrelation of BRADESCO returns to help us make a trade decision. For example, suppose you find that BRADESCO 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 
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      Timeline 

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

BRADESCO Lagged Returns

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

BRADESCO Investors Sentiment

The influence of BRADESCO's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BRADESCO. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 BRADESCO 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, BRADESCO's short interest history, or implied volatility extrapolated from BRADESCO options trading.

Current Sentiment - BBDC4

BRADESCO PN EJ Investor Sentiment

Most of Macroaxis users are currently bullish on BRADESCO PN EJ. What is your opinion about investing in BRADESCO PN EJ? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with BRADESCO

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

BRADESCO Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to BRADESCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRADESCO 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 BRADESCO - 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 BRADESCO PN EJ to buy it.
The correlation of BRADESCO 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 BRADESCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRADESCO PN EJ 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 BRADESCO 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 BRADESCO Hype Analysis, BRADESCO Correlation, BRADESCO Valuation, BRADESCO Volatility, as well as analyze BRADESCO Alpha and Beta and BRADESCO Performance. Note that the BRADESCO PN EJ information on this page should be used as a complementary analysis to other BRADESCO'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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for BRADESCO Stock analysis

When running BRADESCO PN EJ price analysis, check to measure BRADESCO'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 BRADESCO is operating at the current time. Most of BRADESCO's value examination focuses on studying past and present price action to predict the probability of BRADESCO's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BRADESCO's price. Additionally, you may evaluate how the addition of BRADESCO to your portfolios can decrease your overall portfolio volatility.
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BRADESCO 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.
A focus of BRADESCO technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BRADESCO trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...