BB Renda (Brazil) Market Value
| BBRC11 Fund | BRL 109.00 3.51 3.33% |
| Symbol | BBRC11 |
BB Renda '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 Renda's fund 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 Renda.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in BB Renda on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding BB Renda Corporativa or generate 0.0% return on investment in BB Renda over 30 days. BB Renda is related to or competes with BTG Pactual, Plano Plano, Companhia Habitasul, Procter Gamble, Telefonaktiebolaget, Cable One, and ATMA Participaes. More
BB Renda 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 Renda's fund 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 Renda Corporativa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.41 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 1.99 |
BB Renda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BB Renda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BB Renda's standard deviation. In reality, there are many statistical measures that can use BB Renda historical prices to predict the future BB Renda's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.592 |
BB Renda Corporativa Backtested Returns
BB Renda Corporativa retains Efficiency (Sharpe Ratio) of -0.0469, which signifies that the fund had a -0.0469% return per unit of price deviation over the last 3 months. BB Renda exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BB Renda's Variance of 1.68, information ratio of (0.16), and Market Risk Adjusted Performance of 0.602 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BB Renda are expected to decrease at a much lower rate. During the bear market, BB Renda is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
BB Renda Corporativa has average predictability. Overlapping area represents the amount of predictability between BB Renda time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Renda Corporativa price movement. The serial correlation of 0.42 indicates that just about 42.0% of current BB Renda price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 3.04 |
BB Renda Corporativa lagged returns against current returns
Autocorrelation, which is BB Renda fund'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 Renda's fund expected returns. We can calculate the autocorrelation of BB Renda returns to help us make a trade decision. For example, suppose you find that BB Renda has exhibited high autocorrelation historically, and you observe that the fund 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 Renda 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 Renda fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BB Renda fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BB Renda fund over time.
Current vs Lagged Prices |
| Timeline |
BB Renda Lagged Returns
When evaluating BB Renda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BB Renda fund have on its future price. BB Renda 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 Renda autocorrelation shows the relationship between BB Renda fund current value and its past values and can show if there is a momentum factor associated with investing in BB Renda Corporativa.
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 BBRC11 Fund
BB Renda financial ratios help investors to determine whether BBRC11 Fund 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 BBRC11 with respect to the benefits of owning BB Renda security.
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