Brandes International Small Fund Market Value
| BINCX Fund | USD 17.97 0.05 0.28% |
| Symbol | Brandes |
Brandes International '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 Brandes International's mutual 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 Brandes International.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Brandes International on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Brandes International Small or generate 0.0% return on investment in Brandes International over 720 days. Brandes International is related to or competes with Brandes Small, Brandes Small, Brandes Small, Brandes E, Brandes Core, Brandes Emerging, and Brandes Emerging. The fund invests primarily in equity securities of foreign companies with small market capitalizations More
Brandes International 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 Brandes International's mutual 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 Brandes International Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6281 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 3.2 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.27 |
Brandes International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brandes International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brandes International's standard deviation. In reality, there are many statistical measures that can use Brandes International historical prices to predict the future Brandes International's volatility.| Risk Adjusted Performance | (0.0006) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brandes International'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.
Brandes International Backtested Returns
Brandes International secures Sharpe Ratio (or Efficiency) of -0.0332, which signifies that the fund had a -0.0332% return per unit of standard deviation over the last 3 months. Brandes International Small exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brandes International's mean deviation of 0.4706, and Risk Adjusted Performance of (0.0006) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brandes International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brandes International is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Brandes International Small has very good predictability. Overlapping area represents the amount of predictability between Brandes International time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Brandes International price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Brandes International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
Brandes International lagged returns against current returns
Autocorrelation, which is Brandes International mutual 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 Brandes International's mutual fund expected returns. We can calculate the autocorrelation of Brandes International returns to help us make a trade decision. For example, suppose you find that Brandes International has exhibited high autocorrelation historically, and you observe that the mutual 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 |
Brandes International 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 Brandes International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brandes International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brandes International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Brandes International Lagged Returns
When evaluating Brandes International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brandes International mutual fund have on its future price. Brandes International 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, Brandes International autocorrelation shows the relationship between Brandes International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Brandes International Small.
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 Brandes Mutual Fund
Brandes International financial ratios help investors to determine whether Brandes Mutual 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 Brandes with respect to the benefits of owning Brandes International security.
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