BICE11 (Brazil) Price on September 18, 2024
| BICE11 Fund | 901.00 99.00 9.90% |
If you're considering investing in BICE11 Fund, it is important to understand the factors that can impact its price. As of today, the current price of BICE11 stands at 901.00, as last reported on the 11th of December 2024, with the highest price reaching 901.00 and the lowest price hitting 901.00 during the day. At this point, BICE11 is very steady. BICE11 retains Efficiency (Sharpe Ratio) of 0.0094, which signifies that the fund had a 0.0094% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for BICE11, which you can use to evaluate the volatility of the entity. Please confirm BICE11's market risk adjusted performance of 0.0444, and Variance of 9.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0292%.
BICE11 Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
BICE11 |
Sharpe Ratio = 0.0094
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BICE11 |
Estimated Market Risk
| 3.1 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average BICE11 is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BICE11 by adding BICE11 to a well-diversified portfolio.
BICE11 Valuation on September 18, 2024
It is possible to determine the worth of BICE11 on a given historical date. On September 18, 2024 BICE11 was worth 911.18 at the beginning of the trading date compared to the closed value of 911.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BICE11 fund. Still, in general, we apply an absolute valuation method to find BICE11's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of BICE11 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BICE11's related companies.
| Open | High | Low | Close | Volume | |
| 911.18 | 911.18 | 911.18 | 911.18 | 1.00 | |
09/18/2024 | 911.18 | 911.18 | 911.18 | 911.18 | 1.00 |
| 911.18 | 911.18 | 911.18 | 911.18 | 1.00 |
| Backtest BICE11 | | | BICE11 History | Previous | Next |
BICE11 Trading Date Momentum on September 18, 2024
| On September 19 2024 BICE11 was traded for 911.18 at the closing time. The highest price during the trading period was 911.18 and the lowest recorded bid was listed for 911.18 . There was no trading activity during the period 1.0. Lack of trading volume on September 19, 2024 did not affect price variability. The overall trading delta to the current price is 5.89% . |
Price Boundaries
BICE11 Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
BICE11 cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
BICE11 December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how BICE11 fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BICE11 shares will generate the highest return on investment. By undertsting and applying BICE11 fund market strength indicators, traders can identify BICE11 entry and exit signals to maximize returns
BICE11 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BICE11's price direction in advance. Along with the technical and fundamental analysis of BICE11 Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of BICE11 to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0142 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.0344 |
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| Volume Indicators |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |