Bb Etf (Brazil) Market Value
| BBOV11 Etf | BRL 65.55 0.73 1.13% |
| Symbol | BBOV11 |
Please note, there is a significant difference between Bb Etf's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bb Etf is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bb Etf'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.
Bb Etf '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 Bb Etf's etf 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 Bb Etf.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bb Etf on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bb Etf Ibovespa or generate 0.0% return on investment in Bb Etf over 30 days. More
Bb Etf 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 Bb Etf's etf 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 Bb Etf Ibovespa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.39 |
Bb Etf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bb Etf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bb Etf's standard deviation. In reality, there are many statistical measures that can use Bb Etf historical prices to predict the future Bb Etf's volatility.| Risk Adjusted Performance | (0.12) | |||
| Total Risk Alpha | (0.27) |
Bb Etf Ibovespa Backtested Returns
Bb Etf Ibovespa retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the etf had a -0.13% return per unit of price deviation over the last 3 months. Bb Etf exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bb Etf's Total Risk Alpha of (0.27), mean deviation of 0.6055, and Information Ratio of (0.33) to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Bb Etf are completely uncorrelated.
Auto-correlation | 0.66 |
Good predictability
Bb Etf Ibovespa has good predictability. Overlapping area represents the amount of predictability between Bb Etf time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Bb Etf Ibovespa price movement. The serial correlation of 0.66 indicates that around 66.0% of current Bb Etf price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Bb Etf Ibovespa lagged returns against current returns
Autocorrelation, which is Bb Etf etf'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 Bb Etf's etf expected returns. We can calculate the autocorrelation of Bb Etf returns to help us make a trade decision. For example, suppose you find that Bb Etf has exhibited high autocorrelation historically, and you observe that the etf 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 |
Bb Etf 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 Bb Etf etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bb Etf etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bb Etf etf over time.
Current vs Lagged Prices |
| Timeline |
Bb Etf Lagged Returns
When evaluating Bb Etf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bb Etf etf have on its future price. Bb Etf 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, Bb Etf autocorrelation shows the relationship between Bb Etf etf current value and its past values and can show if there is a momentum factor associated with investing in Bb Etf Ibovespa.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in BBOV11 Etf
Bb Etf financial ratios help investors to determine whether BBOV11 Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BBOV11 with respect to the benefits of owning Bb Etf security.